The Elmet Group Co. reports company news tied to its Nasdaq public listing, precision-engineered components, advanced high-energy systems, and capital actions. Recent disclosures describe the closing of its initial public offering, the start of trading for ELMT common stock on the Nasdaq Capital Market, and stated uses of offering proceeds, including debt repayment, working capital, growth capital, and general corporate purposes.
The Elmet Group (ELMT) announced that its wholly owned subsidiary Elmet Technologies won a Defense Logistics Agency contract valued at approximately $36 million.
The award covers molybdenum and tungsten alloys and precision wire for the U.S. National Defense Stockpile, including materials used in jet engine components. It is separate from the tungsten supply contract announced September 14, 2026, which has a $2 billion ceiling and a guaranteed funded commitment of $150 million. The Elmet Group also announced a $450 million committed investment from the United States Department of War on that date.
The Elmet Group (ELMT) agreed to acquire 4.99% of Masan High-Tech Materials and enter a long-term tungsten supply partnership. Elmet will buy the stake from a wholly owned subsidiary of Masan Group at an implied US$2.5 billion equity valuation for Masan High-Tech Materials. Masan Group will retain approximately 87.46% ownership after the transaction.
The partnership includes committed volumes over eight years of approximately 1,250 tonnes of WO₃-equivalent annually. Masan High-Tech Materials will supply tungsten products and conversion services to Elmet from its operations in Vietnam. The agreements represent approximately US$1.5 billion in estimated aggregate gross revenue to Masan High-Tech Materials over the initial term at prevailing tungsten prices. The equity purchase requires regulatory and corporate approvals, and the commercial agreements take effect upon completion. The parties target a closing in the first half of October.
The Elmet Group (ELMT) agreed on September 23, 2026, to acquire a 4.99% stake in Masan High-Tech Materials (MSR). The purchase price is $124.75 million. Completion is expected in the third quarter of 2026, subject to customary closing conditions, including required regulatory and corporate approvals.
The companies also entered into long-term agreements for Masan to supply mined tungsten from its Nui Phao Mine and provide tungsten conversion services at its refining complex in Vietnam. Those agreements take effect when the stake purchase closes. In connection with its new ownership position, Elmet will receive one seat on Masan’s board. The companies have worked together for more than 12 years.
The transaction follows a $450 million committed U.S. government investment in Elmet announced September 14, 2026. Elmet will support Masan’s planned uplisting to the Ho Chi Minh Stock Exchange and its evaluation of an international listing.
The Elmet Group (ELMT) has signed a long-term tungsten concentrate offtake agreement with Tungsten West’s Hemerdon Mine in England, effective with current processing operations and ramp-up plans.
ELMT expects to take more than 1,000 metric tonnes per year of tungsten concentrate (WO₃ equivalent), which represents over $230 million in annual offtake value at current APT tungsten prices, with both parties aiming to increase volumes over time. Concentrate will be refined through ELMT’s allied network into APT and other intermediates, then supplied to ELMT manufacturing sites in the U.S. and Germany, subject to closing of the previously announced OSRAM asset purchase. The agreement is managed via Elmet Refining & Trading, created in connection with the $450 million U.S. Department of War investment, and aligns with the UK’s £71 million strategic investment in Tungsten West to build resilient allied tungsten supply chains.
Blue Moon Metals (BMM) and The Elmet Group (ELMT) agreed binding terms for a US$150–175 million investment into the Springer Tungsten Complex in Nevada.
The package centers on a joint venture APT plant where, after a US$75 million capital injection from Elmet, ownership is expected to be TEG 70%, Blue Moon 20% and EQ Resources (EQR) 10%, with TEG as operator. Blue Moon retains full ownership and operation of the Springer mine and mill. Elmet plans a US$50 million tungsten prepayment facility to Blue Moon in two US$25 million tranches, repaid via a 25% credit on Springer concentrate sales, plus a US$25 million equity subscription into Blue Moon at C$10.00 per unit, a 31.8% premium to the 11 September close.
The APT plant’s Phase 1 is targeted at 4,000 tons per year capacity, with structured offtake allocations between Blue Moon and EQ. Completion remains subject to due diligence, regulatory and exchange approvals, and definitive agreements.
The Elmet Group (ELMT) will deploy a $450 million committed U.S. Department of War investment to build a more secure, vertically integrated tungsten supply chain. The company plans to direct more than $165 million to modernize and expand existing U.S. facilities in Maine, Michigan, and Ohio, boosting capacity for defense and industrial tungsten products. About $150 million is earmarked for the Springer Tungsten Complex in Nevada, including a majority-owned joint venture with Blue Moon Metals and EQ Resources to restart the mine and add ammonium paratungstate conversion, with mine output targeted for Q4 2027 and APT operations in H2 2028. Up to $150 million will support allied mining partnerships in Australia and Spain. ELMT is also launching Elmet Refining & Trading to coordinate global sourcing and processing, and will align these efforts with a DLA stockpile contract of up to $2 billion, including a $150 million minimum.
The Elmet Group (ELMT) announced a $450 million committed investment from the U.S. Department of War to expand tungsten mining, processing, and manufacturing capacity.
The funding includes more than $165 million for U.S. facilities in Maine, Michigan, and Ohio and about $150 million for a majority-owned joint venture at Blue Moon’s Springer Tungsten Complex in Nevada, alongside EQ Resources. The Department of War will receive redeemable preferred equity, warrants for up to 19.9% of ELMT’s post-transaction common stock, and rights to appoint one independent director and one non-voting observer to the Board. ELMT will also launch a new Elmet Refining & Trading division and pursue mining and processing investments in the United States, Australia, and Spain.
Separately, subsidiary Elmet Technologies received an IDIQ contract from the Defense Logistics Agency for up to $2 billion to supply tungsten materials to rebuild the U.S. National Defense Stockpile, with a guaranteed minimum of $150 million through at least August 2031.
The Elmet Group Co (ELMT) signed a definitive agreement for its German subsidiary, Elmet Technologies GmbH, to acquire the tungsten and molybdenum manufacturing assets of ams OSRAM in Schwabmünchen, Bavaria, Germany. Closing is expected in the first quarter of 2027, subject to customary regulatory approvals and completion of transition activities to operate the facility on a standalone basis.
The deal will create Elmet’s first European Union manufacturing footprint for refractory metals and establish a European production base for tungsten and molybdenum powders, rods, wire, electrodes, and machined components. The Schwabmünchen site is a fully integrated operation from powder formation through pressing, sintering, swaging, drawing, and finishing, supported by an on-site materials lab and recognized with the 2024 Germany Smart Digitization Factory 4.0 award.
Elmet plans to retain the existing leadership and workforce, invest in capacity, quality systems, and commercial capabilities, expand materials to include TZM and tungsten heavy alloy, and ensure supply continuity for ams OSRAM, a recent spinoff, and external customers through production agreements and a strengthened digital commercial presence.
The Elmet Group (NASDAQ:ELMT) reported fiscal Q2 2026 revenue of approximately $66.4 million, up 35.2% year over year, with about 55% of growth from higher demand and the remainder from tungsten and molybdenum pricing. Gross margin expanded 430 basis points to 25.0%.
Adjusted EBITDA rose to about $8.9 million (13.3% margin) from $5.6 million (11.4%), and adjusted net income increased to $5.2 million, or $0.18 per share. GAAP results showed a net loss of $4.5 million, or $(0.16) per share, versus net income of $1.2 million a year ago.
Elmet completed an upsized IPO, raising net proceeds of $125.4 million. Backlog reached a record $131.5 million, up from $113.3 million at Q1 2026 and $84.6 million at Q2 2025. TTM revenue was $228.5 million with a 22.2% gross margin and adjusted EBITDA of $31.8 million (13.9% margin).
The Elmet Group (NASDAQ: ELMT) scheduled a conference call and webcast for Thursday, August 13, 2026, at 9:00 a.m. Eastern Time to discuss its second quarter 2026 financial results. A detailed earnings press release will be issued before the call, which will include a Q&A session with management.
Investors can join via U.S. dial-in 877-869-3847, international dial-in +1 201-689-8261, or by registering for the webcast, with a replay available online.