Elmet Group plans majority-owned tungsten joint venture with Blue Moon Metals, EQ Resources at Nevada complex

Reuters2026/09/14 09:16

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The Elmet Group plans a majority-owned joint venture with Blue Moon Metals, EQ Resources to restart, expand APT conversion at Springer in Nevada.
Part of a USD 450 million committed investment from the U.S. Department of War to build a vertically integrated tungsten supply chain.
ELMT expects to allocate about USD 150 million to the Springer Tungsten Complex, including the APT facility owned by the joint venture.
Springer mine and mill targeted to restart in Q4 2027; APT conversion operations expected to begin in the second half of 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Elmet Group Co. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609140516OMX_____CNEWS_EN_GNW9825955_en) on September 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Elmet Group plans majority-owned tungsten joint venture with Blue Moon Metals, EQ Resources at Nevada complex

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