• Elmet exercised an option to buy 20,000,000 EQ Resources ordinary shares, lifting its holding to 23,652,634 shares.
• Transaction builds on a strategic collaboration tied to a mutually renewable five-year tungsten concentrate offtake from EQR’s Saloro mine in Spain.
• Offtake covers an estimated value of A$ 30 million over five years at current market prices; secured via an A$ 2 million advance payment.

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: 202606251605PRIMZONEFULLFEED9752811) on June 25, 2026, and is solely responsible for the information contained therein.