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Elmet signed a long-term tungsten concentrate offtake agreement with Tungsten West for production from the Hemerdon Mine in Devon, England. The deal covers expected offtake of more than 1,000 metric tonnes per year of tungsten concentrate.
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.
Agreement expected to expand and strengthen tungsten supply chains across the U.S., UK, and allied nations with one of the world’s largest tungsten deposits Further advances the objectives of the United States Department of War’s $450 million committed investment announced September 14, 2026 Represents more than $230 m