Tungsten West, the developer behind the Hemerdon mine in Devon, England, has finalized a major offtake agreement with Elmet Technologies, a U.S.-based manufacturer of tungsten and molybdenum products. The deal, valued at $1.8 billion, establishes a long-term partnership for the supply of tungsten concentrate produced at the Hemerdon site.

This agreement is a critical milestone for Tungsten West as it works toward restarting operations at the Hemerdon mine, which is recognized as one of the world’s largest tungsten deposits. By securing a buyer for the mine's future output, the company aims to stabilize its revenue projections and provide the necessary commercial backing to advance the project's development.

Elmet Technologies, which serves various high-tech industries including aerospace, defense, and medical, will gain a reliable source of raw material. The partnership highlights the growing strategic importance of securing domestic or allied supply chains for critical minerals, which are essential for modern industrial and defense applications. While the financial scale of the deal is substantial, both companies have framed the partnership as a foundational step in ensuring the long-term viability of the Hemerdon mine. The agreement is expected to span several years, though specific delivery schedules and annual volume targets remain subject to the mine's operational ramp-up and regulatory approvals.