Mastermyne Group (ASX:MYE) has secured a 10-year extension to its exclusive distribution agreement with Jennmar Holdings, ensuring the supply of critical strata consolidation products in Australia until 2047.
The agreement follows Jennmar's acquisition last year of Weber Mining, a manufacturer of leading resins and foams—including Rocsil, Fenoflex, Marithan, and Marisil—which are distributed and used by Mastermyne and its subsidiary, Wilson Mining, for ground consolidation, strata stabilisation, and roof support in underground coal mines.
Jeff Whiteman, Mastermyne's CEO and Managing Director, said the extension reflects the "positive synergies" between the two companies and the growth potential of their long-standing partnership.
Jennmar CEO Tony Calandra highlighted the agreement as a framework for continuing to deliver high-quality products and services to the Australian underground mining sector for "generations to come."
At the time of reporting, Mastermyne Group's share price was $0.16.