ELMT
The Elmet Group Co.
NASDAQ · Industrials · Manufacturing - Metal Fabrication · US
$22.98
+4.60%Sep 14, 2026, 20:44 UTC
Elmet Group Co. adopted a Restricted Entity Compliance Plan and issued one preferred share purchase right per outstanding common share, each right exercisable for one one-thousandth of a share of Class B Preferred Stock at $86.00.
Sep 14, 2026, 20:44 UTC
Elmet Group Co. signed a private placement with the United States Department of War for 200,000 shares of Class A Redeemable Preferred Stock at $1,000 per share plus warrants for up to 7,567,341 common shares, raising $200 million.
Sep 14, 2026, 20:44 UTC
Elmet Group Co. signed a binding letter agreement with Blue Moon Metals Inc., Blue Moon (Springer) Inc. and EQ Resources Limited to form a 70/20/10 joint venture, purchase 3,500,000 Blue Moon units at CAD 10.00 each, provide a $50 million tungsten prepayment facility, and issue warrants for $25 million of its common stock.
Source:Sep 14, 2026, 19:37 UTC
Shares of The Elmet Group Co. surged about 55% intraday to a record high of $25.03, the highest intraday price since its April listing, after the U.S. Department of War investment announcement.
Source:Sep 14, 2026, 19:37 UTC
The Elmet Group Co. said it will establish Elmet Refining & Trading (ERT), a new unit to coordinate procurement, processing and material delivery across its global network.
Source:Sep 14, 2026, 13:45 UTC
Elmet Group plans to invest more than $165 million in facilities in Maine, Michigan and Ohio to expand production capacity, increase tungsten output and modernize infrastructure supporting U.S. defense, aerospace and industrial programs.
Sep 14, 2026, 13:45 UTC
Elmet Group said one of its units was awarded a contract worth about $2 billion by the U.S. Defense Logistics Agency to rebuild the National Defense Stockpile and strengthen the U.S. tungsten supply chain.
Source:Sep 14, 2026, 09:15 UTC
The U.S. Department of War made a $450 million committed investment in The Elmet Group to secure America's tungsten supply chain and enhance domestic manufacturing capacity.
Sep 8, 2026, 12:30 UTC
The Elmet Group Co. signed a definitive agreement for its German subsidiary Elmet Technologies GmbH to acquire ams OSRAM's tungsten and molybdenum manufacturing operations in Schwabmünchen, Bavaria, Germany.
Aug 13, 2026, 12:00 UTC
The Elmet Group Co. reported its fiscal second quarter 2026 results, with revenue increasing over 35%, gross profit margin expanding by over 430 basis points, adjusted EBITDA increasing 57.9%, and backlog rising nearly 55% to a record $132 million.
Aug 13, 2026, 12:00 UTC
The Elmet Group Co. successfully completed an upsized initial public offering, raising net proceeds of $125.4 million.
Source:Jun 25, 2026, 20:05 UTC
The Elmet Group Co. exercised an option to purchase 20 million ordinary shares of EQ Resources Limited, increasing its ownership stake.
Source:Jun 9, 2026, 12:30 UTC
Elmet Technologies, a subsidiary of The Elmet Group Co., was awarded a $4.3 million contract from the United States Department of War to develop domestic manufacturing capabilities for molybdenum-based products and refractory metal components for defense programs.
Source:Jun 2, 2026, 12:30 UTC
Microwave Techniques, a subsidiary of The Elmet Group Co., licensed ARC Sentry arc detector technology from Brookhaven National Laboratory to manufacture and commercialize the system.
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