Tungsten-Supplier Elmet Stock Rallies on Defense Funding - Here’s Why

Black Mammoth Metals Extends Target Zone and Obtains Drill Permit at Mustang Gold and Silver Property, NV

Black Mammoth Metals Corporation has expanded its primary target zone at the Mustang Gold and Silver Property in Nevada and secured a permit for drilling operations.

Shares of precious metals-related companies are trading lower after stronger-than-expected inflation data boosted expectations for a Federal Reserve rate hike in October. Gold and silver prices are declining amid a stronger U.S. dollar and rising Treasury yields, which make non-yielding precious metals less attractive to investors.

Stock Market Today: S&P 500, Dow and Nasdaq Futures Fall as Brent Hovers Near $107 and FOMC Commences Two-Day Meeting— MSTR, CRWD, BMM in Focus (UPDATED)

U.S. stock futures declined on Tuesday, as the Dow Jones, S&P 500 and Nasdaq 100 indices fell, following Monday's lower close.

Le Département de la Guerre des États-Unis réalise un investissement historique de 450 millions de dollars dans The Elmet Group afin de sécuriser la chaîne d’approvisionnement américaine en tungstène

The U.S. Department of War announced a $450 million investment in The Elmet Group to strengthen domestic tungsten production and reduce dependence on foreign critical minerals. The investment includes over $165 million for U.S. facilities in Maine, Michigan, and Ohio, plus support for mining operations in Nevada, Australia, and Spain. Additionally, Elmet Technologies secured a $2 billion contract with the Defense Logistics Agency to support strategic defense stockpiles.

Cantor Fitzgerald Maintains Overweight Rating on The Elmet Group

Cantor Fitzgerald has reaffirmed its Overweight rating on The Elmet Group Co.

8-K filing — Elmet Group Co. (ELMT)

Filed: 2026-10-21 AccNo: 0001213900-26-111199 Size: 1 MB Item 1.01: Entry into a Material Definitive Agreement Item 5.07: Submission of Matters to a Vote of Security Holders Item 9.01: Financial Statements and Exhibits