Elmet shares jump on $450M US investment and $2B contract
Elmet Group (ELMT) shares rose about 48% in premarket trading after agreements tied to U.S. government funding, tungsten stockpiling, and redevelopment at Blue Moon’s Springer Tungsten Complex in Nevada.
Story updates
12:06:07 PM UTC
SquawkNews
Top Small Cap Positive News Movers Premarket: NCT: +74% entered into a Subscription Agreement for Class B Shares SCNI: +46% Momentum Mover ELMT: +44% Gets $450 Million US Investment BMGL: +34% Momentum Mover BMM: +20% Blue Moon, The Elmet Group, and EQ Resources Announce a US$150-$175 Million Investment into the Springer Tungsten Complex LHSW: +18% Momentum Mover ARMP: +15% Receives U.S. FDA Breakthrough Therapy Designation for AP-SA02
S. Elmet announce…