Tungsten Miner Soars After Billionaire Forrest Takes 17% Stake
Australian mining billionaire Andrew Forrest has agreed to acquire Oaktree Capital's entire 16.8% stake in the Sydney-listed tungsten producer EQ Resources. Shares of EQ Resources in Sydney surged 34% on Monday following news of the transaction, which is valued at about 190 million AUD ($133 million) based on Friday's close.
Key takeaway
"Tungsten Miner Soars After Billionaire Forrest Takes 17% Stake" — BullBear's AI rates this story as a bullish (positive) signal for markets, with a market-impact score of 40 out of 100. Australian mining billionaire Andrew Forrest has agreed to acquire Oaktree Capital's entire 16.8% stake in the Sydney-listed tungsten producer EQ Resources. Shares of EQ Resources in Sydney surged 34% on Monday following news of the transaction, which is valued at about 190 million AUD ($133 million) based on Friday's close. Reported by ZeroHedge on July 20, 2026. The call is verified against the actual 24-hour price move on BullBear's public conviction ledger.
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