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ELMT News
ELMT Events
Blue Moon Metals and Elmet Sign Investor Rights Agreement
In connection with an equity subscription, Blue Moon Metals (BMM) and Elmet (ELMT) entered into an investor rights agreement. Among other things, the Elmet investor rights agreement grants Elmet a board nomination right, equity participation rights, top-up rights and information rights. Under the investor rights agreement, the company has appointed William Jacob Homiller to the board of directors, effective October 16.
Elmet Technologies Awarded $36M Contract by DLA
Elmet Technologies, a wholly owned subsidiary of The Elmet Group, announced it has been awarded a contract valued at approximately $36M by the Defense Logistics Agency, DLA, to supply high-performance molybdenum and tungsten alloys and precision wire to the U.S. National Defense Stockpile. These materials are used in the production of jet engine components and other demanding aerospace applications. The award is separate from the $2B DLA contract announced on September 14, 2026.
Masan High-Tech Materials Partners with Elmet Group
Masan High-Tech Materials Corporation announced a strategic partnership with The Elmet Group Co. Combining a strategic equity investment with multi-year agreements for committed procurement and sale of tungsten volumes, the transaction marks another important step in MSR's evolution into the world's most trusted critical minerals processor, building a global strategic materials platform that connects global resources through its integrated processing capabilities in Vietnam to strategic end-markets such as semiconductors, aerospace, energy, automotive, specialty alloys, and advanced manufacturing. Elmet will acquire a 4.99% stake in MSR, at an implied $2.5B equity valuation, underpinned by MSR's delivered earnings, and establishing an independent entry mark for the Company's value from a NASDAQ-listed strategic partner that has spent more than twelve years inside MSR's supply chain. The 8+ year partnership covers committed sales volumes of approximately 1,250 tonnes of WO3-equivalent annually and approximately $1.5B in estimated aggregate gross revenue over the initial term at prevailing tungsten prices, strengthening revenue visibility and refinery utilization. The partnership connects global tungsten resources through MSR's trusted, integrated processing capabilities in Vietnam to U.S. advanced-manufacturing and industrial supply chains, extending a network that already spans South Korea, Japan, and Europe. Under the transaction, Elmet will acquire a 4.99% stake in MSR from a wholly owned subsidiary of Masan Group, at an implied U2.5B equity valuation. Masan Group will remain MSR's controlling shareholder with approximately 87.46% ownership following the transaction. For Masan Group, the transaction establishes an independent benchmark for MSR's value, underpinned by MSR's delivered earnings, and set by the industry participant that knows the platform best after more than twelve years inside its supply chain, while the proceeds reinforce the Group's consolidated balance sheet and capital-allocation flexibility. This transaction is the first step in Masan Group's strategy of building long-term partnerships between MSR and strategic customers that require secure supply of tungsten. The Group will continue to evaluate similar partnerships across major strategic markets. Completion of the equity investment is subject to customary closing conditions, including required regulatory and corporate approvals. The commercial agreements take effect upon completion. The parties target to close within the first half of October.
US Stocks Pull Back on AI Warnings, 10-Year Yield Surpasses 5%
The major averages, and AI-connected stocks in particular, pulled back to start the week after the CEOs of the top U.S. companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity. Meanwhile, the U.S. 10-year yield briefly jumped above 5% for the first time since 2023.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Anthropic CEO Dario Amodeithe rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligenceOpenAI will not go public in 2026,in remarks published on Saturday, citing safety concerns over artificial intelligencePresident Trump responded to the warnings by contending that the "only control or 'guardrails' that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT" and adding in a later post that "AI taking over the World, destroying Humanity, and all other things bad, is"Baldwin Groupagreed toled by Sequence Holdings and DFO Management, the family office of Michael DellOraclesaid that its co-founder and Executive Chair Larry Ellison hadup to $7.5B worth of shares2. WALL STREET CALLS:JPMorganIrento Overweight on deal momentumJPMorganMara Holdingsto Underweight on AI strategyBullishat Compass Point on exposure to tokenized equitiesHPEat Evercore ISIBairdNiketo Neutral on negative developments since earnings report3. AROUND THE WEB:GE HealthCareis in advanced talks to acquire radiopharmaceutical developer Sofie Biosciences for roughly $1B, FT saysUK banks raising funds in bid to "create new payments giant," Sky News saysHyundai Motor'sBoston Dynamics is unlikely to pursue an IPO next year, Reuters saysKimberly-Clarkis preparing concessions to address EU antitrust concerns over its roughly $40B acquisition of Kenvue, Reuters reportsAnthropic selected Nasdaqfor its potential IPO, Business Insider says4. MOVERS:Elmetgained aftera $450M committed investment from the U.S. DoWRum Groupincreased afterAnthropic entered a $13.7B compute pact with the companyTRX Goldclosed higher afterquarterly gold productionCorningfell after entering into anwith Goldman SachsHPEslipped after Evercore ISIthe stock5. EARNINGS/GUIDANCE:Hain Celestialreported, with EPS and revenue missing consensusNextEra Energybacked itsfor FY26Coda Octopusreported, with EPS and revenue higher year-over-yearRF Industriesreported Q3 results, with CEO Robert Dawson commenting the "team delivered"KeyCorpprovidedfor FY26INDEXES:The Dow fell 152.09, or 0.29%, to 52,421.20, the Nasdaq lost 146.62, or 0.56%, to 26,186.41, and the S&P 500 declined 37.00, or 0.48%, to 7,619.98.
US Tech Stocks Fall After AI Development Warnings
The markets overall, and AI-connected stocks in particular, have fallen to start the week after the CEOs of the top U.S. companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:called on AI companies to slow the rate at which they advance model capabilities amid mounting fears of misuse of artificial intelligenceOpenAIin 2026, CEO Sam Altman said in remarks published on Saturday, citing safety concerns over artificial intelligenceto the warnings by contending that "The only control or 'guardrails' that AI needs is a STRONG AND SMART (High IQ!) PRESIDENT"Baldwin Groupannounced anin a $7.7B transaction led by Sequence Holdings, DFO Management, the family office of technology billionaire Michael DellOraclesaid that its co-founder and Executive Chair Larry Ellison hadto sell up to 50M shares, worth about $7.5B at Friday's closing price2. WALL STREET CALLS:JPMorganIrento Overweight on deal momentumJPMorganMara Holdingsto Underweight on AI strategyBullishto Buy at Compass Point on exposure to tokenized equitiesHPEto In Line at Evercore ISIBairdNiketo Neutral on negative developments since earnings report3. AROUND THE WEB:GE HealthCareis in advanced talks to acquire radiopharmaceutical developer Sofie Biosciences for roughly $1B, FT saysAirbnbis committing a $250M investment to housing projects to serve as a gap financing for developments with funding shortfalls, WSJ reportsHyundai Motor'sBoston Dynamics is unlikely to pursue an IPO next year, Reuters saysKimberly-Clarkis preparing concessions to address EU antitrust concerns over its roughly $40B acquisition of Kenvue, potentially clearing the way for regulatory approval after the European Commission's preliminary review, Reuters reportsAnthropic selected Nasdaqfor its potential IPO, Business Insider says4. MOVERS:Elmetgains after announcing afrom the U.S. DoWRum Groupincreases afterAnthropic entered a $13.7B compute pact with the companyTRX Goldhigher afterCorningfalls after entering into anwith Goldman SachsHPElower after Evercore ISIthe stock to In Line5. EARNINGS/GUIDANCE:Hain Celestial, with EPS and revenue missing consensusNextEra Energyfor FY26Coda Octopus, with EPS and revenue higher year-over-yearRF Industries, with CEO Robert Dawson commenting the "team delivered another quarter of accelerating topline growth"KeyCorpINDEXES:Near midday, the Dow was down 84.10, or 0.16%, to 52,489.19, the Nasdaq was down 104.82, or 0.40%, to 26,228.22, and the S&P 500 was down 25.16, or 0.33%, to 7,631.82.
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