Highlights

• EQ Resources shares surged 14.04% to $0.325 after reporting record monthly revenue.
• The company announced its strongest production performance since late 2024 on 5 August 2026.
• Higher tungsten output and stronger realised prices drove record sales across both Australian and Spanish operations.

EQ Resources Limited (ASX: EQR) captured investor attention after its shares jumped 14.04% to $0.325, following the release of a strong operational update on 5 August 2026. The global tungsten producer reported record monthly revenue for July 2026, supported by higher production, increased sales volumes and improved realised tungsten prices across its operations in Australia and Spain. The latest results underscore the company's ongoing production momentum as demand for critical minerals continues to strengthen.

Record Month Driven by Higher Tungsten Production

During July 2026, EQ Resources produced 14,255 metric tonne units (mtu) of tungsten across its operations, representing a 36% increase compared to June and marking its strongest monthly production since November 2024. Consolidated sales reached 14,756 mtu, generating a record A$51 million in monthly revenue, while the average realised selling price climbed to US$2,386 per mtu.The results reflect both stronger operational performance and favourable market pricing, providing a significant boost to the company's monthly financial performance.

Barruecopardo and Mt Carbine Deliver Strong Results

The company's Barruecopardo mine in Spain was the standout performer, producing 9,667 mtu, up 48% from June 2026 and recording its highest monthly production since December 2025. The operation generated A$39 million in revenue from sales of 11,074 mtu, with an average realised price of US$2,449 per mtu.Meanwhile, the Mt Carbine operation in Queensland also delivered improved results. Production increased 16% month-on-month to 4,588 mtu, while sales generated a record A$12 million in revenue at an average realised price of US$2,195 per mtu.

Why Investors Are Watching

The latest update demonstrates improving operational efficiency across both of EQ Resources' flagship tungsten assets while highlighting the company's ability to capitalise on elevated tungsten prices. As a producer of a critical mineral used across industrial, defence and technology applications, sustained production growth and stronger revenues could further strengthen the company's position within the global tungsten market.Note- All data presented is based on information available at the time of writing.Disclaimer for Kapitales ResearchThe materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise. 

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