Elmet Group Signs Long-Term Tungsten Concentrate Offtake Agreement With Tungsten West Covering Production From Hemerdon Mine In Devon, England

Elmet Group has signed a long-term tungsten concentrate offtake agreement with Tungsten West, covering production from the Hemerdon Mine in Devon, England, which is one of the largest tungsten deposits globally. The agreement is expected to yield over $230 million annually at current APT tungsten prices, with Elmet anticipating the acquisition of more than 1,000 metric tonnes of tungsten concentrate per year. This partnership aims to enhance tungsten supply chains across the U.S. and UK, supporting various industries including aerospace and defense, and aligns with significant investments from both the U.S. Department of War and the UK government.