Elmet signs long-term Hemerdon tungsten offtake worth ~$230M/yr
Elmet signed a long-term offtake with Tungsten West’s Hemerdon mine, targeting >1,000 t/yr tungsten concentrate. ELMT estimates the deal at >$230M annually at current APT prices, with Hemerdon targeting full-scale output by end Q1 2027.
The Elmet Group Co. signed a long-term offtake agreement with Tungsten West’s Hemerdon mine for more than 1,000 t/yr of tungsten concentrate, with the parties aiming to increase volumes. ELMT said the deal represents more than $230M annually at current APT prices, and Hemerdon is targeting full-scale output by the end of Q1 2027.