The Elmet Group Co. Secures $450 Million Investment from the U.S. Department of War
PUBLIC · ELMTSep 09, 2026
Amount Raised
$450 Million
Round Type
Venture
PortlandManufacturingMiningPrecious Metals
Investors
United States Department Of War
Description
On September 11, 2026, The Elmet Group Co. entered into a definitive investment agreement with the U.S. Department of War. The funding aims to expand and modernize the company's tungsten mining and processing capabilities
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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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PortlandManufacturingMiningPrecious Metals