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

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

Department of War Makes Landmark $450 Million Committed Investment in The Elmet Group to Secure America’s Tungsten Supply Chain

September 14, 2026 5:15 AM EDT

Investment expected to enhance domestic manufacturing capacity and reduce foreign dependence on critical minerals

Anticipated to expand ELMTs resilient global tungsten mining network and processing capabilities

ELMT secures up to $2 billion agreement to support the National Defense Stockpile

Company to host investor call today at 9 a.m. ET

PORTLAND, Maine, Sept. 14, 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... More