Three months after the fire that occurred on 22 February 2026 at the WCP (Wet Concentration Plant) of the Eramet Grande Côte (« EGC ») site. Eramet decided to initiate a gradual and partial restart of HMC production at the end of April. HMC production levels currently stand at approximately 30% of nameplate capacity.

The temporary solutions implemented now make it possible to feed the WCP via the SDM, in order to progressively rebuild the HMC volumes required for the intermittent restart of the MSP, the heavy mineral separation plant, expected this summer. The gradual resumption of finished products production, following the rebuilding of HMC inventory, should also lead to the resumption of commercial shipments. This gradual and partial resumption of the site?s activities in 2026, together with the measures implemented from the onset of the fire, should partially mitigate the negative impact of the incident on operating income.

The Group has also launched works to rebuild the damaged WCP facilities on a like-for-like basis. This should enable the restart and gradual ramp-up to 100% of production capacity in the First Quarter 2027. This reconstruction plan is being carried out in close coordination with the Senegalese authorities, whose support is essential in order to limit the local socio-economic impacts of this shutdown period.

Force majeure provisions applicable to customer and supplier contracts remain in effect as of May 27, 2026.