The Elmet Group to Acquire 4.99% Stake in Masan High-Tech Materials and Enter Multi-Year Tungsten Supply Partnership for the U.S. Market

HANOI, Vietnam, Sept 25 (Bernama) -- Masan High-Tech Materials Corporation (UPCoM: MSR, “MSR” or the “Company”), one of the very few fully integrated tungsten mining and refining platforms in the world, today announced a strategic partnership with The Elmet Group Co. (“Elmet,” NASDAQ: ELMT), a U.S.-based supplier of tungsten alloys and strategic mineral products to major North American customers. Combining a strategic equity investment with multi-year agreements for committed procurement and sale of tungsten volumes, the transaction marks another important step in MSR’s evolution into the world’s most trusted critical minerals processor, building a global strategic materials platform that connects global resources through its integrated processing capabilities in Vietnam to strategic end-markets such as semiconductors, aerospace, energy, automotive, specialty alloys, and advanced manufacturing.

Key Highlights

• Elmet will acquire a 4.99% stake in MSR, at an implied US$2.5 billion equity valuation, underpinned by MSR’s delivered earnings, and establishing an independent entry mark for the Company’s value from a NASDAQ-listed strategic partner that has spent more than twelve years inside MSR’s supply chain.

• The 8+ year partnership covers committed sales volumes of approximately 1,250 tonnes of WO₃-equivalent annually and approximately US$1.5 billion in estimated aggregate gross revenue over the initial term at prevailing tungsten prices, strengthening revenue visibility and refinery utilization.

• The partnership connects global tungsten resources through MSR’s trusted, integrated processing capabilities in Vietnam to U.S. advanced-manufacturing and industrial supply chains, extending a network that already spans South Korea, Japan, and Europe.