Elmet Group stock jumped 43% after securing a $450 million Pentagon investment and supply contract to expand domestic tungsten mining and manufacturing capacity.
Elmet Group soared 43% after the Pentagon announced a $450M investment and a supply contract boost its domestic tungsten production.
Elmet Group (ELMT) shares rallied 43% following a $450 million investment from the Pentagon aimed at bolstering domestic tungsten production. The deal includes a strategic supply contract designed to secure critical metal reserves for U.S. defense manufacturing.
The stock surged 43% after the Pentagon announced a $450 million investment and a new supply contract to increase Elmet's domestic tungsten production capacity.