Elmet Group secures long-term tungsten offtake from Tungsten West's Hemerdon Mine; >$230M/yr

Elmet Group Co.

Agreement covers >1,000 metric tonnes/yr of tungsten concentrate (WO3 eq) from Hemerdon, with plans to increase volumes.
Valued at >$230M annually at current APT prices; effective until Dec 31, 2034, extendable by mutual agreement.
Follows DoW's $450M investment (Sept 14) and UK National Wealth Fund's £71M investment; strengthens U.S.-UK supply chain.
ELMT has 60-day exclusive rights to supply DLA from Drakelands material; Drakelands product priority until APT plant restarts.
ELMT postpones its Sept 24 Investor Business Update; will provide new scheduling info shortly.

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