A mining company Endomines has signed a non-binding Letter of Intent (LOI) with the Austrian Wolfram Bergbau und Hütten AG to explore possible cooperation related to tungsten.
The purpose of the letter of intent is, among other things, to create a framework for technical cooperation in research related to tungsten mining and beneficiation. The goal is to produce tungsten concentrate suitable for WBH’s Austrian refinery.
“Tungsten is one of the 14 critical minerals defined by the European Union. Tungsten’s supply is highly concentrated, which makes it strategically important for critical industrial value chains and for Endomines,” commented the CEO of Endomines. Kari Vyhtinen in the bulletin.
WBH is located in Sankt Martin im Sulmtal, Austria. The company is the world’s leading manufacturer of tungsten carbide and tungsten metal powders. The company operates an underground mine and a modern tungsten processing facility in Austria and is part of the Sandvik Group.
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