The Elmet Group Co. - Common Stock (ELMT)

News Provided by Market Updates on behalf of Western Star Resources Inc.

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

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

$450 Million Department of War Committed Investment Expected to Expand ELMT's Global Tungsten Mining Network and Processing Capabilities

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

Acquisition Expected to Expand Global Production Capabilities for Critical Refractory Metal Products

ROCK HILL, S.C., July 27, 2026 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE: DDD) announced that Elmet Technologies, a wholly owned subsidiary of The Elmet Group (Nasdaq: ELMT) (“Elmet”), is deploying the DMP Flex 350 Triple metal additive manufacturing machine (laser powder bed fusion) for the rapid production of advanced aerospace parts for hypersonic vehicles. Utilizing a high-performance C103 material, the Elmet team expects to rapidly qualify and certify the system to begin production in 2026.

PORTLAND, Maine, April 24, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, today announced the closing of its upsized initial public offering of an aggregate of approximately 9.9 million shares of its common stock, including the full exercise by the underwriters of their overallotment option to purchase approximately 1.3 million shares, at a public offering price of $14.00 per share. The aggregate net proceeds to Elmet from the offering were $125.5 million after deducting underwriting discounts and commissions and other offering expenses payable by Elmet. The shares began trading on the Nasdaq Capital Market on April 23, 2026 under the ticker symbol “ELMT.”