The Elmet Group Secures Long-Term Tungsten Offtake Agreement with Tungsten West’s Hemerdon MineAgreement expected to expand and strengthen tungsten supply chains across the U.S., UK, and allied nations with one of the world’s largest tungsten deposits
The Elmet Group to Deploy Strategic Capital to Strengthen U.S. and Allied Tungsten Supply Chain$450 Million Department of War Committed Investment Expected to Expand ELMT's Global Tungsten Mining Network and Processing Capabilities
The Elmet Group Co. Announces Closing of Upsized Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional SharesPORTLAND, Maine, April 24, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced the closing of its upsized initial public offering of an aggregate of approximately 9.9 million shares of its common stock, including the full exercise by the underwriters of their overallotment option to purchase approximately 1.3 million shares, at a public offering price of $14.00 per share. The aggregate net proceeds to Elmet from the offering were $125.5 million after deducting underwriting discounts and commissions and other offering expenses payable by Elmet. The shares began trading on the Nasdaq Capital Market on April 23, 2026 under the ticker symbol “ELMT.”
The Elmet Group Co. Announces Pricing of Upsized Initial Public OfferingPORTLAND, Maine, April 22, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced the pricing of its upsized initial public offering of approximately 8.6 million shares of its common stock at a public offering price of $14.00 per share, for a total of $120.0 million in gross proceeds.
The Elmet Group Co. Announces Launch of Initial Public OfferingPORTLAND, Maine, April 14, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced that it has launched the roadshow for its proposed initial public offering of approximately 7.7 million shares of its common stock, all of which are being offered by Elmet. In addition, Elmet intends to grant the underwriters a 30-day option to purchase up to approximately an additional 1.2 million shares of common stock from Elmet at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $12.00 and $14.00 per share.
