The Elmet Group Co. Common Stock

The Elmet Group Co. (NASDAQ: ELMT) is a U.S.-based provider of critical materials, precision-engineered components and advanced high-power/high-energy microwave systems. Its customers are in the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries.

The company operates through three divisions:
- Critical Materials Components (CMC), centered on tungsten and refractory metal materials and components, including a facility in Euclid, Ohio.
- Engineered Microwave Products (EMP), covering advanced high-power microwave systems.
- Elmet Refining & Trading (ERT), a newly formed division that coordinates tungsten feedstock sourcing, refining and delivery.

The company is building a vertically integrated domestic tungsten supply chain, from raw material sourcing through advanced manufacturing, to support the U.S. and its Allies. This effort is backed by:
- A $450 million committed investment from the Department of War.
- A long-term framework agreement with the Defense Logistics Agency worth up to $2 billion.
- A planned $165 million expansion of U.S. manufacturing capacity.
- A roughly $150 million joint-venture commitment to Blue Moon Metal's Springer Tungsten Complex in Nevada.
- A $125 million investment in Masan High-Tech Materials.
- The pending acquisition of OSRAM GmbH's tungsten and molybdenum operations in Schwabmünchen, Germany.

Elmet completed a common-control Reorganization with Anania & Associates on January 2, 2026, converting from an S-corporation to a C-corporation. It then completed an IPO. Updated Nov 9, 2026