The Elmet Group to Invest Approximately $125 Million in Masan High-Tech Materials to Strengthen Tungsten Supply Chain

ELMT announced a long-term strategic relationship with Vietnam-based Masan High-Tech Materials, acquiring a 4.99% equity stake for $124.75 million. The deal pairs the equity investment with long-term supply of mined tungsten from MSR's Nui Phao Mine and conversion services from MSR's Vietnamese refining complex, formalizing a 12-year commercial relationship. ELMT will receive one seat on MSR's board and supports MSR's planned uplisting to the Ho Chi Minh Stock Exchange; closing is expected in Q3 2026, subject to regulatory and corporate approvals, building on ELMT's $450 million U.S.

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