Elmet Group to acquire 4.99% stake in Masan High-Tech for $124.75M

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Go back to Elmet Group to acquire 4.99% stake in Masan High-Tech for $124.75M

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

September 23, 2026 9:18 PM EDT

Two industry leaders formalize strategic relationship spanning the full tungsten value chain

Investment includes a 4.99% ownership stake and multi-year supply agreements across key production stages

Further advances the objectives of the United States Governments $450 million committed investment announced September 14, 2026

PORTLAND, Maine, Sept. 23, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. (NASDAQ: ELMT) (ELMT or the Company), a U.S.-based provider of critical materials, precision-engineered components, and advanced high-energy systems, today announced a long-term strategic relationship with Vietnam-based Masan High-Tech Materials Corporation (UPCoM:... More