$ELMT

Cantor Fitzgerald raised its price target for The Elmet Group (NASDAQ:ELMT) to $30 from $20, citing higher metal pricing and defense demand. The stock trades at $20.91, with analysts forecasting 22% revenue growth and profitability in fiscal 2026. Q2 revenue rose 35.2% to $66.4 million, driven by aerospace and defense demand, though net loss was $4.5 million. Other analysts also raised price targets, highlighting defense sector opportunities.

Elmet Group (ELMT) invested CAD 35 million in Blue Moon Metals, acquiring 3.5 million units at CAD 10.00 each and securing a board seat. The deal includes warrants and investor rights, with funds earmarked for Blue Moon's Springer Tungsten Complex. Elmet's influence is tied to maintaining at least 40% of its stake.

Elmet Group Co. (ELMT) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Item 1.01. Entry into a Material Definitive Agreement. As previously disclosed in The Elmet Group Co.’s (the “Company”) Current Report on Form 8-K filed with the SEC on September 14, 2026, the Company entered into a binding letter agreement with Blue Moon Metals Inc., a company e

Blue Moon Metals (BMM) announced an investor rights agreement with Elmet, granting board representation and other privileges. BMM has no revenue, trades at a high P/S ratio, and has a GF Score of 35/100. Two premium gurus hold shares, with one increasing their position. BMM is an exploration-stage mining company with projects in the U.S. and Norway, valued at $370M.

Blue Moon Metals completed a C$35 million private placement with The Elmet Group, issuing units consisting of shares and warrants. Proceeds will fund the Springer Project. The TSX Venture Exchange must approve the deal. The Elmet Group gained board nomination rights and appointed William Jacob Homiller to Blue Moon's board. Blue Moon develops six polymetallic projects in the U.S. and Norway, focusing on critical metals.

The Elmet Group Co. announced that 20,122,721 shares of its common stock will be locked up from 22-APR-2026 to 19-OCT-2026. The lock-up agreement involves directors, officers, and affiliated holders. Non-affiliates holding shares for at least six months can sell without restrictions starting 90 days after the registration statement's effective date.

The U.S. government committed $2.45B to privately-held Elmet Group for tungsten supply and expansion. Western Star Resources (CSE: WSR, OTC: WSRIF) reported initial tungsten assays from its Eagle Point project in New Mexico. Other companies like Perpetua (NASDAQ: PPTA), MP Materials (NYSE: MP), USA Rare Earth (NASDAQ: USAR), and NioCorp (NASDAQ: NB) are also advancing critical mineral projects with government support.

Needham maintained a Buy rating on The Elmet Group (ELG) with a $28 price target, implying 29.5% upside from the Oct 7 close. The company has strengthened its supply chain with 100% non-China sourcing and secured a $450M U.S. Department of War investment for domestic manufacturing expansion.

Masan Group sold a 4.99% stake in its subsidiary MSR to Elmet for $124.7 million, valuing MSR at $2.5 billion. The deal includes multi-year supply agreements for tungsten products. Masan retains 87.46% ownership. YKVN advised on the transaction.

Canaccord raised Elmet Group's (ELMT) price target to $26 from $21, citing growth prospects in defense and aerospace. The company plans $165M in investments, expects rising sales, and received $450M from the Pentagon. Q2 revenue grew 35.2% to $66.4M, but net loss was $4.5M due to IPO costs. Analysts predict 22% sales growth and profitability this year.