News Articles for Tungsten Metals Group

Perth-based, Vietnam-focused Tungsten Metals Group will be acquired by ASX-listed EQ Resources in a $13.5 million deal, weeks after pulling the pin on its own IPO.

Perth-based Tungsten Metals Group has scrapped its planned IPO, in a lean period where only four WA junior explorers have listed on the ASX this year.

With the antimony market booming and setting the share market alight, Bulls N' Bears has gone looking for the next critical metal shouting out for attention from new technologies – and it could be tungsten. Driven by demand in the industrial, renewables and defence sectors – and a shrinking supply – the alloy-hardening metal could soon join the chorus of critical minerals that are making all the noise.

Tungsten Metals Group executive chair Tony Adcock is optimistic ahead of the company's upcoming initial public offering.