Elmet Group secures $450M DoW investment for tungsten expansion; $200M initial tranche closed

Elmet Group Co.

DoW committed up to $450M: initial $200M for 200,000 Class A Preferred shares plus warrants; up to $250M in future tranches.
Class A Preferred accrues 5.5% cumulative PIK dividends; ranks senior to common on liquidation.
Penny Warrant covers 5,675,506 shares at $0.001; Strike Price Warrant covers 1,891,835 shares at $15.92.
Proceeds to restart Springer APT plant/Nevada mine and expand Coldwater, Lewiston, Euclid facilities.
DoW gets board observer, preemptive rights, and product offtake priority; company barred from cash dividends.

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