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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•about 3 hours ago

Contract Type

agreement

ManufacturingMiningPrecious 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

The Elmet Group

About

The Elmet Group Co. is a Delaware-based corporation engaged in the development and provision of innovative metal solutions. The company focuses on delivering high-quality products tailored to meet industry-specific needs. The Elmet Group aims to enhance operational efficiency and sustainability in the metal industry. It is listed on The Nasdaq Stock Market under the symbol ELMT.

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