ELMT Stock Discussion (Elmet Group Co.)

Elmet agrees to invest about $125 million in Masan’s tungsten business

The Elmet Group ($ELMT) agreed to invest approximately $124.75 million for a 4.99% stake in Masan High-Tech Materials. The arrangement includes board representation and is paired with long-term tungsten supply and conversion-service agreements. It would give Elmet access to material from the Nui Phao operation and processing capabilities in Vietnam, supporting its wider supply-chain plans. Closing is expected in the third quarter, subject to approvals and other requirements, with the related sup

ELMT

@tickerstat1 month ago

Elmet secures $450 million government investment and tungsten stockpile contract

Elmet ($ELMT) announced a $450 million committed investment from the US Department of War to expand tungsten mining, processing and manufacturing. Funding begins with a $200 million drawdown at closing. The government receives redeemable preferred equity, warrants representing up to 19.9% of post-transaction common stock, and board representation rights. Planned spending includes more than $165 million across Elmet’s US manufacturing facilities. Separately, its subsidiary won a Defense Logistics