Member Info for Mullins58

Strategic Context

EQTEC is implementing a company-wide reset toward capital efficiency and execution maturity. The decision follows challenging sector-wide conditions and extensive internal review. The new leadership structure streamlined operations and realigned funding strategy mark the beginning of a disciplined growth phase focused on delivering revenue and long-term shareholder value.

Highlights

· Board restructuring: Ian Pearson, Tom Quigley and Dr Yoel S. Alemán Méndez step down from the Board. Dr Alemán remaining as CTO.

· Executive realignment:

4 David Palumbo transitions to Executive Chairman, now based in the UAE to lead strategic capital formation and partnerships.

4 James Parsons appointed to the board as CEO, bringing AIM-market, operational experience and energy leadership credentials.

4 Gerry Madden appointed non-board CFO and Company Secretary, reinforcing capital discipline.

· Cost optimisation underway: Spanish, UK and French operations streamlined in H2 2025, which will deliver up to €1.5 million annualised savings versus 2024. Lean structure aligns with project-driven scalability.

· Near-term priorities: Cost optimisation, stabilising operations at reference plants in Greece, Italy and USA, and revenue expansion.

· Funding update: Option Agreement with Rebel Ion suspended and alternative funding secured via new up to £1.5 million facility to support working capital. Initial drawdown of £300,000 being made immediately.

· Rebel Ion is actively progressing the acquisition of the Company's secured debt to further align long-term capital support with EQTEC's growth strategy.

Https://www.londonstockexchange.com/news-article/EQT/company-update-board-changes-and-funding/17293826

Steady persistent buying at the moment. Hopefully moving towards 2p.

1.46 / 15.5m

1.50 / 3.31m

Https://www.msn.com/en-gb/news/other/eu-countries-mull-response-to-china-s-squeeze-on-rare-earths/ar-AA1OY488?ocid=msedgdhp&pc=U531&cvid=68f9d40179174ea3843a8f037a180db0&ei=46

1.44 paid

Patience is required at the moment. Some great posts this morning. ATB

Andrew Hume, Managing Director and CEO, commented:

"We are pleased to announce the execution of the full binding agreement with DISA, following on from our previously announced binding term sheet. This agreement finalises the details under which Thor will potentially generate revenue from the recovery of uranium and critical metals from its Colorado Projects. It is also fantastic to report that the U.S. Nuclear Regulatory Commission has granted DISA a Service Provider's License to remediate abandoned uranium mine waste. DISA is now the first Company in the U.S to receive such approvals. We look forward to reporting to shareholders the commencement of on-the-ground activities as the parties move towards a uranium and critical metals production scenario."

Https://www.londonstockexchange.com/news-article/THR/binding-agreement-signed-with-disa-technologies/17291601

Https://www.marketwatch.com/investing/future/brn00?countrycode=uk

Gaining Traction

1.40 / 7.99m

3.37

O.o260 / 60m

1.36 / 4.4m

3.20

2.80

J , Been waiting over 4 years for this ! ATB