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The Elmet Group (ELMT) PT Raised to $28 at Needham

Thu, 08 Oct 2026 07:37:49 -0400

(Updated - October 8, 2026 7:37 AM EDT)

Needham analyst James Ricchiuti raised the price target on The Elmet Group (NASDAQ: ELMT) to $28.00 (from $25.00) while maintaining a Buy rating.

The analyst commented: "We caught up with ELMT management recently following a whirlwind of news from the company that began with the $450MM investment by the DoW announced in mid-Sept. What followed were a series of announcements later in the month as ELMT began deploying capital to strengthen its tungsten supply chain. Along the way, ELMT also secured a $36MM contract with the Defense Logistics Agency to supply high-performance molybdenum and

The Elmet Group (ELMT) PT Raised to $28 at Needham

Thu, 08 Oct 2026 07:37:49 -0400

(Updated - October 8, 2026 7:37 AM EDT)

Needham analyst James Ricchiuti raised the price target on The Elmet Group (NASDAQ: ELMT) to $28.00 (from $25.00) while maintaining a Buy rating.

The Elmet Group (ELMT) PT Raised to $26 at Canaccord

Tue, 06 Oct 2026 04:57:41 -0400

Canaccord analyst Austin Moeller raised the price target on The Elmet Group (NASDAQ: ELMT) to $26.00 (from $21.00) while maintaining a Buy rating.

The analyst comments "

We spoke with Elmet management regarding recent awards and business expansion announcements, focusing on the financial impact of the company’s planned investments and expansion. The conversation provided us with additional visibility around the expected ramp of Critical Materials Components (CMC) capacity to support key defense programs, the addition of the new Elmet Refining & Trading (ERT) segment to the core business, the company’s growing supplier relationship with the Department of War, and the benefits of

The Elmet Group (ELMT) PT Raised to $26 at Canaccord

Tue, 06 Oct 2026 04:57:41 -0400

Canaccord analyst Austin Moeller raised the price target on The Elmet Group (NASDAQ: ELMT) to $26.00 (from $21.00) while maintaining a Buy rating.

The analyst comments "

Elmet Technologies wins $36M DLA contract for aerospace metals

Wed, 30 Sep 2026 08:30:12 -0400

Elmet Technologies, a wholly owned subsidiary of The Elmet Group Co. (NASDAQ: ELMT), has been awarded a contract valued at approximately $36 million by the Defense Logistics Agency (DLA) to supply molybdenum and tungsten alloys and precision wire to the U.S. National Defense Stockpile, according to a company press release dated Sept. 30, 2026.

The materials covered under the contract are used in the production of jet engine components and other aerospace applications. Specific products to be supplied include titanium-zirconium-molybdenum (TZM) alloy billets, bar stock, and ingots, as well as specialized molybdenum and tungsten wire.

The contract is separate from a previously

Elmet Technologies Awarded $36 Million Defense Logistics Agency Contract for Molybdenum and Tungsten Aerospace Materials

Wed, 30 Sep 2026 08:30:00 -0400

Contract covers high-performance alloys and precision wire used in the production of jet engine components

Award is in addition to the $2 billion DLA tungsten stockpile contract announced September 14, 2026

Further strengthens Elmet’s role as a domestic supplier of critical materials to domestic ADG markets

LEWISTON, Maine, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Elmet Technologies, a wholly owned subsidiary of The Elmet Group Co. (NASDAQ: ELMT) ("ELMT" or the "Company"), today announced it has been awarded a contract valued at approximately $36 million by the Defense Logistics Agency ("DLA") to

Elmet Technologies Awarded $36 Million Defense Logistics Agency Contract for Molybdenum and Tungsten Aerospace Materials

Wed, 30 Sep 2026 08:30:00 -0400

Contract covers high-performance alloys and precision wire used in the production of jet engine components

Award is in addition to the $2 billion DLA tungsten stockpile contract announced September 14, 2026

Further strengthens Elmet’s role as a domestic supplier of critical materials to domestic ADG markets

Elmet to buy 4.99% stake in Masan High-Tech Materials for $2.5B valuation

Thu, 24 Sep 2026 08:38:22 -0400

Masan High-Tech Materials Corporation (UPCoM: MSR) announced a strategic partnership with The Elmet Group (NASDAQ: ELMT), under which Elmet will acquire a 4.99% stake in MSR at an implied equity valuation of $2.5 billion.

Elmet will purchase the stake from a wholly owned subsidiary of Masan Group (HOSE: MSN), which will retain approximately 87.46% ownership of MSR following the transaction. The deal is subject to regulatory and corporate approvals, with closing targeted within the first half of October.

Alongside the equity investment, the two companies have signed multi-year commercial agreements covering committed tungsten supply volumes of approximately 1,250 tonnes of WO₃-equivalent annually

The Elmet Group to Acquire 4.99% Stake in Masan High-Tech Materials and Enter Multi-Year Tungsten Supply Partnership for the U.S. Market

Thu, 24 Sep 2026 08:38:00 -0400

HANOI, Vietnam--(BUSINESS WIRE)-- Masan High-Tech Materials Corporation (UPCoM: MSR, “MSR” or the “Company”), one of the very few fully integrated tungsten mining and refining platforms in the world, today announced a strategic partnership with The Elmet Group Co. (“Elmet,” NASDAQ: ELMT), a U.S.-based supplier of tungsten alloys and strategic mineral products to major North American customers. Combining a strategic equity investment with multi-year agreements for committed procurement and sale of tungsten volumes, the transaction marks another important step in MSR’s evolution into the world’s most trusted critical minerals processor, building a global strategic materials platform that connects

The Elmet Group to Acquire 4.99% Stake in Masan High-Tech Materials and Enter Multi-Year Tungsten Supply Partnership for the U.S. Market

Thu, 24 Sep 2026 08:38:00 -0400

Elmet Group to acquire 4.99% stake in Masan High-Tech for $124.75M

Thu, 24 Sep 2026 05:56:04 -0400

The Elmet Group (NASDAQ: ELMT) announced it will acquire a 4.99% equity stake in Vietnam-based Masan High-Tech Materials Corporation (UPCoM: MSR) for $124.75 million, according to a press release from the Maine-based company.

The investment formalizes a commercial relationship of more than 12 years between the two companies. Alongside the equity acquisition, the parties entered into long-term supply agreements under which MSR will supply ELMT with mined tungsten from its Nui Phao Mine and provide tungsten conversion services from its refining complex in Vietnam.

MSR operates the Nui Phao Mine, which the press release describes as one of the largest tungsten deposits

Elmet Group to acquire 4.99% stake in Masan High-Tech for $124.75M

Thu, 24 Sep 2026 05:56:04 -0400

MSR operates the Nui Phao Mine, which the press release describes as one of the largest tungsten deposits

The Elmet Group to Invest Approximately $125 Million in Masan High-Tech Materials to Strengthen Tungsten Supply Chain

Wed, 23 Sep 2026 21:18:00 -0400

Two industry leaders formalize strategic relationship spanning the full tungsten value chain

Investment includes a 4.99% ownership stake and multi-year supply agreements across key production stages

Further advances the objectives of the United States Government’s $450 million committed investment announced September 14, 2026

PORTLAND, Maine, Sept. 23, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. (NASDAQ: ELMT) (“ELMT” or the “Company”), a U.S.-based provider of critical materials, precision-engineered components, and advanced high-energy systems, today announced a long-term strategic relationship with Vietnam-based Masan High-Tech Materials Corporation (UPCoM: MSR) ("MSR”) under which ELMT will

The Elmet Group to Invest Approximately $125 Million in Masan High-Tech Materials to Strengthen Tungsten Supply Chain

Wed, 23 Sep 2026 21:18:00 -0400

Two industry leaders formalize strategic relationship spanning the full tungsten value chain

Investment includes a 4.99% ownership stake and multi-year supply agreements across key production stages

Further advances the objectives of the United States Government’s $450 million committed investment announced September 14, 2026

Elmet Group signs tungsten offtake deal with Hemerdon Mine

Tue, 22 Sep 2026 16:05:45 -0400

The Elmet Group Co. (NASDAQ: ELMT) has signed a long-term tungsten concentrate offtake agreement with Tungsten West plc (AIM: TUN), covering production from the Hemerdon Mine in Devon, England, according to a press release from the company.

Under the agreement, ELMT expects to receive more than 1,000 metric tonnes per year of tungsten concentrate (WO₃ equivalent) from Hemerdon. The company said the offtake represents more than $230 million annually at current ammonium paratungstate (APT) tungsten prices. Both parties are aiming to increase production volumes over time.

Material will be converted into APT and downstream tungsten intermediates through ELMT's refining network and delivered

The Elmet Group Secures Long-Term Tungsten Offtake Agreement with Tungsten West’s Hemerdon Mine

Tue, 22 Sep 2026 16:05:00 -0400

Agreement expected to expand and strengthen tungsten supply chains across the U.S., UK, and allied nations with one of the world’s largest tungsten deposits

Further advances the objectives of the United States Department of War’s $450 million committed investment announced September 14, 2026

Represents more than $230 million annually in offtake at current APT tungsten prices

PORTLAND, Maine, Sept. 22, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. (NASDAQ: ELMT) (“ELMT” or the “Company”), a U.S.-based provider of critical materials, precision-engineered components, and advanced high-energy systems, today announced that it has signed

The Elmet Group Secures Long-Term Tungsten Offtake Agreement with Tungsten West’s Hemerdon Mine

Tue, 22 Sep 2026 16:05:00 -0400

Agreement expected to expand and strengthen tungsten supply chains across the U.S., UK, and allied nations with one of the world’s largest tungsten deposits

Further advances the objectives of the United States Department of War’s $450 million committed investment announced September 14, 2026

Represents more than $230 million annually in offtake at current APT tungsten prices

The Elmet Group (ELMT) PT Raised to $25 at Needham

Tue, 15 Sep 2026 07:27:00 -0400

(Updated - September 15, 2026 7:27 AM EDT)

Needham analyst James Ricchiuti raised the price target on The Elmet Group (NASDAQ: ELMT) to $25.00 (from $21.00) while maintaining a Buy rating.

The analyst commented: "We view yesterday’s announcement of a $450MM committed investment by the Department of War (DoW) in The Elmet Group as a key development that enhances ELMT's position as a crucial supply-chain player in the domestic manufacturing and processing of critical tungsten and molybdenum materials and components. The multi-faceted agreement, which includes direct investments by the DoW in ELMT’s three main U.S. manufacturing operations, sent ELMT shares sharply higher.

The Elmet Group (ELMT) PT Raised to $25 at Needham

Tue, 15 Sep 2026 07:27:00 -0400

(Updated - September 15, 2026 7:27 AM EDT)

Needham analyst James Ricchiuti raised the price target on The Elmet Group (NASDAQ: ELMT) to $25.00 (from $21.00) while maintaining a Buy rating.

Elmet Group to deploy $450M U.S. DoW investment in tungsten supply

Mon, 14 Sep 2026 05:56:14 -0400

The Elmet Group Co. (NASDAQ: ELMT) announced plans to allocate a $450 million committed investment from the United States Department of War to expand its tungsten supply chain, covering domestic manufacturing upgrades, international mining partnerships, and a new internal division.

According to a press release, more than $165 million is expected to be directed toward modernizing facilities in Lewiston, Maine; Coldwater, Michigan; and Euclid, Ohio. The upgrades are intended to increase production capacity for tungsten heavy alloy and powder products used in defense and industrial applications.

Approximately $150 million is planned for the Springer Tungsten Complex in Imlay, Nevada, operated by Blue

Pentagon invests $450M in Elmet Group to boost tungsten supply chain

Mon, 14 Sep 2026 05:55:42 -0400

The Elmet Group Co. (NASDAQ: ELMT) announced on Sept. 14, 2026, that the U.S. Department of War has committed a $450 million investment to expand the company's domestic tungsten manufacturing and global mining capabilities.

The investment will begin with an initial $200 million drawdown at closing, followed by additional drawdowns. In exchange, the Department of War will receive redeemable preferred equity, warrants representing up to 19.9% of ELMT's common stock, and the right to appoint one independent director and one non-voting board observer.

More than $165 million of the funds are earmarked for ELMT's existing U.S. facilities in Lewiston, Maine; Coldwater, Michigan;

Pentagon invests $450M in Elmet Group to boost tungsten supply chain

Mon, 14 Sep 2026 05:55:42 -0400

More than $165 million of the funds are earmarked for ELMT's existing U.S. facilities in Lewiston, Maine; Coldwater, Michigan;

Blue Moon, The Elmet Group, and EQ Resources Announce a US$150-$175 Million Investment into the Springer Tungsten Complex, Nevada, to Strengthen the U.S. Tungsten Supply Chain

Mon, 14 Sep 2026 05:30:00 -0400

TORONTO, Sept. 14, 2026 /PRNewswire/ -- Blue Moon Metals Inc. ("Blue Moon" or the "Company") (TSXV: MOON) (NASDAQ: BMM), along with The Elmet Group Co. ("Elmet" or "TEG") (NASDAQ: ELMT), and EQ Resources Limited ("EQ") (ASX: EQR) (together the "Parties" or "Party"), are pleased to announce signing a binding letter agreement dated September 11, 2026 regarding a series of strategic transactions intended to unlock the value of Blue Moon's Springer

Blue Moon, The Elmet Group, and EQ Resources Announce a US$150-$175 Million Investment into the Springer Tungsten Complex, Nevada, to Strengthen the U.S. Tungsten Supply Chain

Mon, 14 Sep 2026 05:30:00 -0400

Blue Moon, The Elmet Group, and EQ Resources Announce a US$150-$175 Million Investment into the Springer Tungsten Complex, Nevada, to Strengthen the U.S. Tungsten Supply Chain

Mon, 14 Sep 2026 05:30:00 -0400