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EL
The Elmet Group Co. Common Stock
ELMT
Mkt Cap
$576.0M
Volume
298.23K
Next Earnings
November 12th
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EL
ELMT
EL
The Elmet Group Co. Common Stock
ELMT
News
·
The Elmet Group to Invest Approximately $125 Million in Masan High-Tech Materials to Strengthen Tungsten Supply Chain
Mkt Cap
$576.6M
Volume
298.23K
Next Earnings
November 12th
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Earnings
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The Elmet Group to Invest Approximately $125 Million in Masan High-Tech Materials to Strengthen Tungsten Supply Chain
The Elmet Group announced a $124.75 million investment to acquire a 4.99% equity stake in Vietnam-based Masan High-Tech Materials Corporation, formalizing a 12-year commercial relationship. The deal includes long-term supply agreements for mined tungsten from the Nui Phao Mine and tungsten conversion services. This investment strengthens the tungsten supply chain and follows a $450 million U.S. Government commitment to support critical materials infrastructure.
GlobeNewswire Inc. · Sep 24, 2026
Le Département de la Guerre des États-Unis réalise un investissement historique de 450 millions de dollars dans The Elmet Group afin de sécuriser la chaîne d’approvisionnement américaine en tungstène
The U.S. Department of War announced a $450 million investment in The Elmet Group to strengthen domestic tungsten production and reduce dependence on foreign critical minerals. The investment includes over $165 million for U.S. facilities in Maine, Michigan, and Ohio, plus support for mining operations in Nevada, Australia, and Spain. Additionally, Elmet Technologies secured a $2 billion contract with the Defense Logistics Agency to support strategic defense stockpiles.
GlobeNewswire Inc. · Sep 14, 2026
The Elmet Group Co. Announces Closing of Upsized Initial Public Offering and Full Exercise of Underwriters' Option to Purchase Additional Shares
The Elmet Group Co., a U.S.-based provider of precision-engineered components and advanced high-energy systems, announced the successful closing of its upsized IPO on April 24, 2026. The company sold approximately 9.9 million shares at $14.00 per share, raising $125.5 million in net proceeds after expenses. Shares began trading on Nasdaq Capital Market under ticker symbol 'ELMT'. The company intends to use proceeds for debt repayment and working capital.
Benzinga · Apr 24, 2026
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The Elmet Group Co. Common Stock
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