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The Elmet Group secures $2.45 billion in agreements with the Department of Defense to enhance tungsten supply chain.

Sep 16, 2026

Contract Type

agreement

PortlandManufacturingMiningPrecious Metals

Description

The Elmet Group has finalized two agreements with the Department of Defense, totaling $2.45 billion. These agreements include a $2 billion contract to support the National Defense Stockpile and a $450 million investment in preferred stock to enhance mining capabilities.

Company Information

Company

Elmet Group

Location

Portland, Maine, United States

About

Elmet Group is a company specializing in tungsten and related materials. They focus on rebuilding the national defense stockpile and strengthening the tungsten supply chain in the U.S. The company is committed to high-quality production and expanding their capabilities. Elmet's initiatives are crucial for enhancing domestic manufacturing and reducing reliance on foreign sources.

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