Fundz

The Elmet Group Co. Raises $120 Million in Initial Public Offering

PUBLIC · ELMTApr 24, 2026

Amount Raised

$120 Million

Round Type

IPO

PortlandManufacturingMiningPrecious Metals

Investors

Cantor Fitzgerald & Co.

Description

On April 22, 2026, The Elmet Group Co. successfully completed its initial public offering. The company sold 8,571,428 shares of common stock at a price of $14.00 per share. This funding will support their growth initiatives and enhance their market position

Quick answer

Elmet Group raised $120 Million in a IPO round, dated April 24, 2026. Investors: Cantor Fitzgerald & Co. Elmet Group is based in Portland, Maine, United States.

How much did Elmet Group raise?
Elmet Group raised $120 Million in a IPO round on April 24, 2026.
Who invested in Elmet Group?
Cantor Fitzgerald & Co. is named as investors in this round.
What does Elmet Group do?
Elmet Group is a company specializing in tungsten and related materials.
Where is Elmet Group based and how big is it?
Elmet Group is based in Portland, Maine, United States. Fundz records about 501 employees.
Who are the decision-makers at Elmet Group?
Fundz holds 2 contacts at Elmet Group, including the Senior Vice President Enterprise PMO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mining and Precious Metals around the same time

Companies in the same sectors as Elmet Group that raised within 45 days of this round, from Fundz verified event records.

  • Red Metals raised $10M (Seed) on June 4, 2026.
  • CPS Technologies raised $9.6M (Post-IPO Equity) on May 27, 2026.
  • Evolution Metals & Technologies raised $20M on May 7, 2026.
  • Fulcrum Metals Plc raised $8.2M (Funding Round) on May 5, 2026.
  • Lucid Group raised $550M (Series C) on May 1, 2026.
  • Disa Technologies raised $33M (Funding Round) on April 30, 2026.

Who to call at Elmet Group, and when

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Company Information

Company

Elmet Group

Location

Portland, Maine, United States

About

Elmet Group is a company specializing in tungsten and related materials. They focus on rebuilding the national defense stockpile and strengthening the tungsten supply chain in the U.S. The company is committed to high-quality production and expanding their capabilities. Elmet's initiatives are crucial for enhancing domestic manufacturing and reducing reliance on foreign sources.

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Related People

2 contacts
Verified contactsKelly S., Senior Vice President Enterprise PMO hiddenSee plans and pricing
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Elmet Group raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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