Masan High-Tech Eyes Q1 2027 Listing for 3,000-Ton Nui Phao Tungsten Mine
Masan High-Tech is seeking strategic investors for its 921-hectare Nui Phao tungsten mine, licensed until 2034, holding 3,000 tons of reserves and targeting a Ho Chi Minh exchange listing by Q1 2027. It is courting Japanese, Australian and US partners via Vietnam’s 2024 geology law emphasizing technology transfer and processing.
1. Listing Plans and Reserve Details
Masan High-Tech plans to transfer its shares from the Unlisted Public Company Market to the Ho Chi Minh City Stock Exchange by Q1 2027 as part of its strategy to monetize the 921-hectare Nui Phao tungsten mine, which holds approximately 3,000 tons of recoverable tungsten reserves.
2. Strategic Partnership Drive
The company is courting Japanese, Australian and US investors with progressive offtake agreements and equity stakes to secure long-term supply linkages, aligning prospective partners with Vietnam’s broader industrial objectives.
3. Regulatory and Geopolitical Context
Vietnam’s 2024 geology law emphasizes technology transfer and domestic processing of critical minerals, prompting Masan High-Tech to prioritize investors who support downstream operations and align with government ambitions to move up the global value chain.