Every 8-K that The Elmet Group Co. (ELMT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow ELMT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ELMT filings page.
The Elmet Group Co. (ELMT) completed a private placement investment in Blue Moon Metals Inc. on October 16, 2026, purchasing 3,500,000 units at CAD 10.00 per unit. Each unit comprises one Blue Moon common share and one warrant. The 3,500,000 warrants each cover one common share, are exercisable after February 17, 2027, at an initial CAD 10.80 per share, and expire October 16, 2029. The securities are subject to transfer restrictions, including a prohibition on sales, transfers and trades in Canada or for the benefit of a Canadian resident until February 17, 2027.
Under the investor rights agreement, ELMT has participation rights while it retains at least 40% of the equity it purchased; a top-up right applies if dilutive issuances reduce its ownership percentage by at least 1.0% in aggregate. Blue Moon agreed to take necessary steps to appoint ELMT’s nominee to its board within 10 days of the October 16, 2026 agreement date. ELMT stockholders approved the 2026 Employee Stock Purchase Plan at the October 19, 2026 special meeting.
The Elmet Group Co. (ELMT) outlined a $450 million committed Department of War investment: $200 million at close, followed by five $50 million tranches at six-month intervals based on project spend. Terms include Class A Redeemable Preferred Equity with a 5.5% per-annum paid-in-kind dividend and warrants for 19.9% of post-deal common stock. Planned U.S. facility upgrades carry a $165 million-plus investment. The DLA tungsten stockpile IDIQ contract is listed at $2 billion, with a $150 million funded commitment and a five-year base term plus two option years.
LTM revenue was $228.5 million and adjusted EBITDA was $31.8 million, a 13.9% adjusted EBITDA margin, as of July 3, 2026; adjusted EBITDA and its margin are non-GAAP measures. Internal 2031 projections put revenue at approximately $1.5 billion–$1.7 billion and gross margin at 18%–22%, assuming a long-term APT price of $1,500 per MTU and completion and on-time ramp-up of key DoW-related projects. Elmet's acquisition of ams OSRAM's Schwabmünchen metal production operations is expected to close in Q1 2027; no DoW funding is allocated to it. Christian T. Chandler, Executive Vice President and General Counsel, gave notice of retirement effective December 31, 2026, and will continue as an advisor.
The Elmet Group Co. (ELMT) announced that its wholly owned subsidiary, Elmet Technologies, was awarded an approximately $36 million Defense Logistics Agency contract to supply high-performance molybdenum and tungsten alloys and precision wire to the U.S. National Defense Stockpile. Supplies include titanium-zirconium-molybdenum alloy billets, bar stock and ingots, plus specialized molybdenum and tungsten wire. The materials are used in jet-engine components and other aerospace applications.
The award is separate from the DLA’s earlier tungsten stockpile contract, announced September 14, 2026, with a $2 billion ceiling value and a $150 million guaranteed funded commitment; that contract covers tungsten concentrates and sodium tungstate. The September 14 announcement also included a $450 million committed investment from the United States Department of War.
The Elmet Group Co. (ELMT) agreed to purchase a 4.99% interest in Masan High-Tech Materials Corporation, or 55,138,174 ordinary shares, for approximately $124,750,000. Under the purchase agreement, closing is expected on October 1, 2026, subject to conditions, and settlement is expected on October 5, 2026. The press release instead says completion is expected in the third quarter of 2026. If the per-share price is outside UPCoM's Permitted Trading Band, closing may be deferred for an in-band transaction or an off-band transfer subject to Vietnamese securities approval.
The shareholder agreement gives Elmet the right to nominate one Masan director while it retains at least 80% of the shares acquired; until appointment, an Elmet designee may attend as a non-voting observer. Transfers are restricted for 18 months after closing, subject to exceptions. The Seller must procure that Masan targets a dividend payout ratio of up to 80% for each of three financial years following the year of closing; Elmet is excluded from interim 2026 dividends. A $24,950,000 break fee may be payable by either party if failure to close by the applicable Long Stop Date results solely from that party's material failure to comply.
The Elmet Group Co. (ELMT) announced a long-term tungsten concentrate Offtake Agreement tied to production from Tungsten West’s Hemerdon Mine in England, aiming to secure critical material supply for U.S., UK, and allied customers. The arrangement is described as representing more than $230 million annually in offtake at current ammonium paratungstate (APT) tungsten prices.
Under the agreement, ELMT expects to take more than 1,000 metric tonnes per year of tungsten concentrate (WO₃ equivalent), with both parties aiming to increase volumes over time. The contract runs through December 31, 2034, and ELMT will convert material via its refining network into APT and downstream intermediates for delivery into its manufacturing operations in the U.S. and, subject to a pending asset purchase closing, Germany.
The offtake will be managed through Elmet Refining & Trading, a division set up in connection with the $450 million committed investment from the U.S. Department of War. The press release also notes a £71 million strategic investment by the UK Government’s National Wealth Fund in Tungsten West and states that Hemerdon is targeting full-scale production by the end of the first quarter of 2027.
Elmet Group Co. (ELMT) entered into a warrant purchase agreement with Blue Moon Metals Inc., issuing an unregistered warrant to purchase up to 1,166,970 shares of common stock as consideration for Blue Moon’s obligations under a prior letter agreement, including its investment in the company. The warrant carries an exercise price of $21.423 per share, becomes exercisable beginning six months from issuance, and expires three years from issuance. Exercises are subject to beneficial ownership limitations, initially capped at 4.99% of outstanding common stock, adjustable at the holder’s election up to 19.99%. The warrant may be exercised on a cashless basis if resale of the underlying shares is not covered by an effective registration statement.
Elmet Group Co. (ELMT) entered into a landmark strategic financing with the U.S. Department of War, involving up to $450 million of Class A redeemable preferred stock and warrants. An initial $200 million was funded at closing for 200,000 preferred shares and warrants to buy up to 7,567,341 common shares, with up to an additional $250 million available in later tranches subject to Elmet exercising its rights and meeting government conditions.
The Class A Preferred carries a 5.5% cumulative PIK dividend, senior liquidation preference and broad redemption rights, plus voting power capped at 19.9% when combined with warrant shares. Warrants, including a near-zero strike “Penny Warrant” and a $15.92 strike warrant, together initially represent 24.84% of Elmet’s outstanding common stock on a post-transaction basis.
Elmet also signed a rights plan to block “Restricted Entities” from building >10% stakes, a comprehensive Investor Rights Agreement granting the DoW governance, preemptive and offtake-related rights, and several operating agreements: a Springer tungsten APT-plant joint venture where Elmet plans to invest about $75 million, a $50 million tungsten prepayment facility and equity investment in Blue Moon, and an exclusive DLA offtake contract with a $150 million minimum and ceiling up to $2 billion.
Elmet Group Co. (ELMT) has entered into an Asset Purchase Agreement under which its subsidiary Elmet Technologies LLC will acquire substantially all assets and rights of OSRAM GmbH’s tungsten and molybdenum metal production operations in Schwabmünchen, Germany, and assume specified employee, pension and contractual liabilities. The purchase price at closing will be formula-based, starting from a fixed negative €18 million, adjusted for pension assets, defined benefit obligations, a €1 million restructuring prepayment, and working capital versus a €3.875 million benchmark. Subject to closing, the seller will provide a €2.5 million interest-free vendor loan, repayable in two equal installments within 12 months of the effective date. Closing is expected in the first quarter of Elmet’s 2027 fiscal year, subject to customary regulatory and antitrust approvals, no material adverse change, and other conditions; failure to close by June 30, 2027 in certain circumstances could trigger €1.35 million in liquidated damages payable to the seller. Elmet highlights that the final purchase price is not currently determinable and may be significantly affected by volatile tungsten prices and inventory valuation, which could materially impact its business, liquidity, financial condition and results.
The Elmet Group Co. reported strong top-line growth but a GAAP loss for the quarter ended July 3, 2026. Revenue rose to $66.4 million from $49.1 million, an increase of over 35%, while gross profit margin expanded by more than 430 basis points. Adjusted EBITDA from continuing operations grew 57.9% to $8.9 million, and backlog increased nearly 55% to a record $132 million, reflecting accelerating demand in Aerospace, Defense & Government markets.
Despite this, Elmet recorded a net loss from continuing operations of $4.5 million versus income of $2.1 million a year earlier, driven largely by much higher operating expenses, including $14.2 million of stock-based compensation and IPO-related corporate costs. Operating cash flow from continuing operations was a use of $7.6 million, influenced by a significant inventory build. The company strengthened its balance sheet with $125.4 million of net IPO proceeds, ending the period with $66.1 million in cash and reducing total debt, while converting to a C‑corporation structure following a January 2026 reorganization under common control.
The Elmet Group Co. reported strong fiscal first quarter 2026 results, with revenue rising to about $56.0 million from $46.4 million and gross margin improving to 21.2% from 18.6%. Adjusted EBITDA more than doubled to roughly $9.2 million from $4.5 million.
Despite this operating strength, the company posted a small net loss of about $0.3 million, driven by a $3.8 million one-time tax expense associated with a corporate reorganization. Backlog reached a record $113 million, nearly 52% higher. After quarter-end, Elmet completed an upsized IPO of approximately 9.9 million shares at $14.00 per share, generating $125.5 million in net proceeds, using $17.8 million to retire term debt and $8.3 million for stock appreciation rights, leaving about $99.4 million of new cash to fund growth, working capital, and general corporate purposes.
The Elmet Group Co. is changing its fiscal calendar from a traditional December 31 year-end to a 4-4-5 fiscal calendar, where each quarter has thirteen weeks in two four-week months and one five-week month. Under this approach, the fiscal year will now end on the Friday closest to December 31.
The first fiscal year under the new system runs from January 1, 2026 to January 1, 2027. Fiscal quarters ending April 3, 2026, July 3, 2026 and October 2, 2026 may not be fully comparable with prior-year quarters because they include a different number of days. The company states the change is meant to better align accounting operations with quarterly public reporting and improve comparability of performance, and that it will not affect previously issued financial statements or tax reporting.
The Elmet Group Co. completed an upsized initial public offering of approximately 9.9 million shares of common stock at $14.00 per share, listing on the Nasdaq Capital Market under the symbol ELMT. The transaction generated aggregate net proceeds of about $125.5 million.
Elmet plans to use the cash raised, together with existing cash and restricted cash, primarily to repay debt and to fund working capital, growth capital, and general corporate purposes. The company entered into a firm commitment underwriting agreement and agreed to a 180‑day lockup on additional share issuances, while issuing Cantor Fitzgerald a broker’s warrant for 147,857 shares at a $17.50 exercise price.