Lewiston-based company to receive $450M federal investment to expand tungsten production
The deal includes a $200 million initial draw and is expected to support about 1,200 jobs, federal officials said.
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The actions of the strategic input supplier The Elmet Group have come to shoot 45.7% in the Nasdaq pre-market in New York, driven by the announcement of an investment of US$450 million from the U.S. Department of Defense aimed at expanding the company's capacity in U.S. territory. Exclusive material for subscribers. To have full access, access the link of the material and register.
Lewiston-based company to receive $450M federal investment to expand tungsten production
The Lewiston-based Elmet Group announced that it has secured a $450 million investment from the U.S. Department of Defense to expand domestic tungsten production and strengthen the nation's supply chain for the critical mineral.
Elmet Group wins $2 billion US tungsten stockpile contract
Sept 14 (Reuters) - Elmet Group said on Monday one of its units had been awarded a contract worth about $2 billion by the U.S. Defense Logistics Agency (DLA) to help rebuild the National Defense Stockpile and strengthen the country's tungsten supply ...
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