The Elmet Group Co. Raises $120 Million in Initial Public Offering
PUBLIC · ELMTApr 24, 2026
Amount Raised
$120 Million
Round Type
IPO
PortlandManufacturingMiningPrecious Metals
Investors
Cantor Fitzgerald & Co.
Description
On April 22, 2026, The Elmet Group Co. successfully completed its initial public offering. The company sold 8,571,428 shares of common stock at a price of $14.00 per share. This funding will support their growth initiatives and enhance their market position
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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