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

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

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.