Key Performance
More- Earnings Score: N/A
- Momentum Score: N/A
- True Yield: N/A
- Financial Health Score: N/A
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Latest Research & News
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.
09/23/2026, 9:18 PM • GlobeNewswire
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.
09/14/2026, 2:35 PM • GlobeNewswire
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.
04/24/2026, 9:31 AM • Benzinga
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Company Profile
The Elmet Group Co. manufactures and sells precision-engineered components and high-energy systems for the aerospace, defense and government, industrial, medical, semiconductor and electronics, and energy industries. The company operates through Critical Materials Components and Engineered Microwave Products divisions. It provides critical refractory materials, including tungsten, molybdenum, niobium, tantalum, and specialized alloys. The company also offers radio frequency and microwave components and systems, such as waveguides, circulators, loads, pressure windows, and automatic tuning systems that allow for the powering of radar, missile tracking, directed energy systems, semiconductor fabrication, fusion research, and advanced industrial processing. The Elmet Group Co. was incorporated in 2024 and is headquartered in Portland, Maine.