The Elmet Group Secures Long-Term Tungsten Offtake Agreement With Tungsten West’s Hemerdon Mine

Sept. 23 (Reuters) - Elmet Group Co ELMT.O:

• The Elmet Group secures long-term tungsten offtake agreement with Tungsten West’s Hemerdon Mine
• Tungsten West - agreement covers production from Hemerdon Mine, one of world's largest tungsten deposits
• Tungsten West - Elmt expects to take over 1,000 metric tonnes per year of tungsten concentrate
• Tungsten West - agreement represents over $230 million annually in offtake at current APT tungsten prices
• Tungsten West - Hemerdon Mine targets full-scale production by end of Q1 2027
• Tungsten West - Elmt postpones investor business update previously announced for September 24, 2026