BUZZ — Australia's EQ Resources heads for best week in 6 months on US tungsten JV stake buy

* Shares of EQ Resources on track for a 20% weekly gain, their best performance in more than six months * Earlier this week, tungsten miner agreed to acquire a 10% stake in a US joint venture that plans to restart the Springer plant in Nevada that produces ammonium paratungstate, a key defence application material * JV includes The Elmet Group (70% stake) and Blue Moon Metals * Proposed deal would expand EQ's exposure to downstream tungsten processing in the US * For the day, EQR rises as much as 3.3% to A$0.4700 * YTD, stock up over 450% (Reporting by Paridhi Minda in Bengaluru) ((mailto:Paridhi.minda@thomsonreuters.com;)