The Elmet Group Co. · NASDAQ:ELMT
The Elmet — Elmet Group — Investor Presentation (September 2026)
21 slides from The Elmet's investor presentation, Sep 14, 2026
Slide 1: Strengthening America's Tungsten Supply Chain
1 MADE BY US USED BY THEM MADE BY US USED BY THEM MADE BY US USED BY THEM Critical Materials Critical Processes Critical Engineering Critical Manufacturing Strengthening America's Tungsten Supply Chain Department of War Investment and National Defense Stockpile Framework September 2026
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer 2 FORWARD-LOOKING STATEMENTS The information in this Presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. All statements other than statements of historical fact included in this presentation regarding o
Slide 3: U.S. Leader for Key Critical Materials Supply Chain
3 Tungsten & Molybdenum Materials and Components U.S. Leader for Key Critical Materials Supply Chain One of the world's largest manufacturers of high-performance refractory metals, with nearly a century of experience Only U.S.-owned and U.S.-based manufacturer of highly engineered critical materials
Slide 4: The Elmet Group Business Overview
4 The Elmet Group Business Overview Select CMC Products Foil Furnace Boats Balance Weights Cubes Powder Plate Select EMP Products Waveguide Components Coaxial Components Microwave Generators Ultra-High Vacuum Components Microwave Systems Custom RF Critical Materials Components ("CMC") Engineered Mic
Slide 5: European Expansion: Schwabmünchen Acquisition
Operational Since: 1961 | Production Area: 26,800m2 European Expansion: Schwabmünchen Acquisition 5 • Elmet is acquiring the plant equipment, process IP and inventory, as well as assuming certain employees and associated assets & liabilities – Demonstrates Elmet continues to be the "acquiror of choi
Slide 6: Landmark Transaction to Secure U.S. Tungsten Supply Chain
6 Landmark Transaction to Secure U.S. Tungsten Supply Chain ✓ Upgrade existing CMC facilities and expand downstream capacity ✓ Build out midstream processing capabilities for APT – all other U.S. APT plants are foreign- owned and/or tungsten carbide focused ✓ Strengthen U.S. critical materials suppl
Slide 7: Global Tungsten and Molybdenum Demand Remains Strong
$4.5 - $5.0 $5.7 - $6.3 2024 2030 7 Advanced Properties of Critical Materials Heat resistance and dimensional stability Low thermal coefficient of expansion High corrosion resistance High density and high strength Shielding of X-ray and gamma radiation Great electrical and thermal conductivity Globa
Slide 8: Solving Urgent Tungsten Supply Chain Challenges is Critical
Solving Urgent Tungsten Supply Chain Challenges is Critical 8 • China controls more than 85% of the current supply of tungsten, making the tungsten market susceptible to manipulation Significant Concentration Risk • Recent foreign export restrictions on tungsten and other critical materials have led
Slide 9: Strategic Capital Deployment of DoW Investment
Investments in Existing CMC Facilities • Expand capacity for Patriot PAC, PrSM, Phalanx, SLAP, F-35 and rocket components • Increase output of tungsten heavy alloy balance weights and 5X powder capacity and products • Modernize infrastructure across Coldwater, Euclid and Lewiston facilities Strategi
Slide 10: Defense Logistics Agency Awards Elmet IDIQ Contract
10 Defense Logistics Agency Awards Elmet IDIQ Contract ▪ DLA manages end-to-end global defense supply chain from raw materials to end user disposition ▪ Strategic Materials is the leading agency for planning, procurement and management of materials critical to national security Defense Logistics Age
Slide 11: Planned Upgrade and Expansion of Existing CMC Facilities
Planned Upgrade and Expansion of Existing CMC Facilities 11 Euclid, Ohio Coldwater, Michigan Lewiston, Maine Expected Key Benefits Expanding capacity for powder and key defense programs Dedicated capacity reserved for new opportunities Accelerating qualifications as the U.S. tungsten leader Strength
Slide 12: CMC Capacity Expansion Across U.S. Facilities
CMC Capacity Expansion Across U.S. Facilities 12 $165+ million investment expected to expand capacity across Lewiston, Coldwater and Euclid to meet growing U.S. defense demand, capitalize on the megatrends shaping our other end markets and enhance business resilience throughout market cycles Capacit
Slide 13: Formation of Elmet Refining & Trading Segment
Formation of Elmet Refining & Trading ("ERT") Segment 13 APT Refining Facility To secure tungsten from trusted suppliers, enabling mine to missile capabilities Restarting and operating APT refining facility in Nevada to support U.S. tungsten supply chain Independent APT plant supporting U.S. mines S
Slide 14: Blue Moon Springer APT Restart
~$75M APT JV Investment — Elmet majority- owned (70%) JV to restart and operate the APT plant ~$75M Blue Moon Investment — Equity investment and commercial agreement with Blue Moon Metals (TSXV: MOON; Nasdaq: BMM) Long-Term Mine Offtake — ~1–3k tpa of tungsten concentrate from the Springer Mine Targ
Slide 15: CMC Vertically Integrated Engineering-to-Production Process
USA 15 Consolidation & Transformation Metal Powder Processing Mining Raw Materials Thermomechanical Processing Machining & Fabrication Shaping, Deforming, Heat Treating Melting, Pressing, Sintering Refining the Metal Powder Mining Cutting, Machining, Finishing Australia Vietnam Spain Chile Mining lo
Slide 16: Well-Positioned for New U.S. Defense Sourcing Requirements
Well-Positioned for New U.S. Defense Sourcing Requirements 16 As U.S. defense sourcing for critical materials continues to tighten, DoW investment enables Elmet to be the provider-of- choice for tungsten, strengthening U.S. supply chain resiliency Critical Material Restrictions Limited number of tru
Slide 17: Long-Term Investment and Operational Framework
Long-Term Investment and Operational Framework 17 CMC EMP ERT 2026 2029 2027 2028 2030 2031 Existing Operations Schwabmünchen Facility U.S. Facility Upgrades Existing Operations Current Commercial Agreements / Strategic Offtake APT Refining Facility ~$50 – $70 Start of Operations Initial Funding ~$6
Slide 18: Key Takeaways from Elmet's Strategic Expansion
Key Takeaways from Elmet's Strategic Expansion 18 Landmark $450M DoW Investment First initiative of the DoW's new Economic Defense Unit; milestone-based funding with capital structure flexibility and interests aligned through the DoW's equity stake $165M+ to Expand U.S. Manufacturing Capacity 5X tun
Slide 19: Uniquely Positioned to Strengthen Tungsten Supply Chain
19 Capitalizing on Global Trends Including Defense Fortification, Clean Energy Transition and Supply Chain Reshoring 1 Sole U.S. Owned Supplier of Certain Highly Engineered Critical Materials Components Empowering Critical End Markets 2 Vertically Integrated and Scaled Operations Supported by a Dedi
Slide 20: Announcing Elmet's Investor Business Update
Announcing Elmet's Investor Business Update 20 Investor Business Update Thursday, September 24, 2026 Details to follow
Slide 21: The Elmet Group
Critical Materials Critical Processes Critical Engineering Critical Manufacturing The Elmet Group | www.theelmetgroup.com MADE BY US USED BY THEM MADE BY US USED BY THEM MADE BY US USED BY THEM 21