How much funding has Elmet Additive raised?

Elmet Additive has raised Publicly Traded in total funding. Key investors include Ampersand Ventures; Liberty Lane Partners.

Who is the CEO of Elmet Additive?

Derek Fox is the CEO of Elmet Additive. The company was founded in 1929.

Where is Elmet Additive located?

Elmet Additive is headquartered in Lewiston, Maine, USA.

What funding stage is Elmet Additive at?

Elmet Additive is currently at the Public stage.

How many employees does Elmet Additive have?

Elmet Additive has approximately 201-500 employees.

Elmet Additive

Name: AM Companies Database
Creator: AMPulse
License: https://creativecommons.org/licenses/by/4.0/

MaterialsLewiston, Maine, USAFounded 1929· One of 955 Materials companies tracked by AMPulse

Produces high-purity refractory metal powders (tungsten, molybdenum, niobium alloys) specifically engineered for additive manufacturing processes like LPBF and DED, enabling extreme-temperature and radiation-shielding components.

CEO / Founder: Derek Fox
Team Size: 201-500
Stage: Public
Total Funding: Publicly Traded
Latest Round: IPO
Key Investors: Ampersand Ventures; Liberty Lane Partners

Technology & Products

Key Products

Pure Tungsten AM Powder; Pure Molybdenum AM Powder; TZM Molybdenum Alloy Powder; C103 Niobium Alloy Powder; FS-85 Niobium Alloy Powder

Technological Advantage

Proprietary powder metallurgy and AM process knowledge for refractory metals, protected by patents (e.g., US 12,571,080 for 'Fabrication of Metallic Parts by Additive Manufacturing'). This expertise, combined with full vertical integration, creates a defensible moat in a niche, high-barrier segment where few competitors have deep metallurgical roots. The advantage is protectable via IP and trade secrets around powder rheology and sintering processes.

Differentiation

Value Proposition

Provides the only US-owned, fully integrated supply of refractory metal AM powders, reducing lead times and supply chain risk for critical defense and aerospace programs while enabling complex, high-density parts impossible with conventional manufacturing.

How They Differentiate

Unlike generalist metal powder suppliers (Sandvik, Praxair) or German-based H.C. Starck, Elmet is the only US-owned, fully integrated producer focused exclusively on refractory metals, offering greater supply chain security for US defense programs. Its vertical control from ore to powder allows tighter quality control and faster iteration on alloy development for AM.

Market & Competition

Target Customers

Aerospace, defense, and medical OEMs requiring high-performance, high-temperature metal components; AM service bureaus and contract manufacturers specializing in refractory metals.

Industry Verticals

Aerospace; Defense; Medical Imaging; Semiconductor

Competitors

H.C. Starck (a subsidiary of Masan High-Tech Materials); Sandvik Additive Manufacturing; Praxair Surface Technologies (now Linde)

Growth & Milestones

Growth Metrics

Revenue of $201.6 million (current, per IPO filing); 362 employees; Annual revenue growth disclosed in IPO paperwork (specific percentage not found in provided sources).

Major Milestones

Founded in 1929; Recapitalized with investment by Ampersand Ventures and Liberty Lane Partners; Granted key US patent for refractory metal AM process (2026); Announced IPO roadshow for Nasdaq listing (2026); Strategic partnerships with TANIOBIS and EQ Resources secured

Notable Customers

NASA (supplier for Artemis II mission components)

https://www.elmetadditive.com

Recent coverage of Elmet Additive

Elmet Group has officially launched its roadshow for a Nasdaq initial public offering, seeking to list approximately 7.7 million shares of common stock.Apr 16, 2026

Why this company matters

Elmet occupies a narrow but defensible position as the only US-owned, fully integrated producer of refractory metal powders for additive manufacturing. While generalist suppliers like Sandvik and H.C. Starck offer broader metal powder portfolios, Elmet's vertical integration from raw material to finished powder gives it tighter quality control and faster iteration on alloy development for AM. This structure also reduces lead times and supply chain risk for US defense and aerospace programs that require domestic sourcing.

The company's core product line includes pure tungsten, pure molybdenum, TZM molybdenum alloy, C103 niobium alloy, and FS-85 niobium alloy powders, all engineered for LPBF and DED processes. These materials are notoriously difficult to process due to high melting points and sensitivity to oxygen pickup. Elmet's proprietary powder metallurgy and AM process knowledge, protected by patents including one for fabrication of metallic parts by additive manufacturing, creates a moat in a segment where few competitors have deep metallurgical roots.

Elmet serves aerospace primes, defense contractors, medical imaging OEMs, and semiconductor equipment manufacturers. Notable customers include NASA, for which Elmet supplied components for the Artemis II mission. The company also works with AM service bureaus and contract manufacturers specializing in refractory metals. Strategic partnerships with TANIOBIS for niobium C-103 and FS-85 powders and with EQ Resources for long-term tungsten offtake further secure its raw material supply.

A key open question is whether Elmet can scale production to meet growing demand from defense and space programs without compromising the quality control that underpins its premium positioning. The company filed for a Nasdaq IPO in 2026, reporting $201.6 million in revenue and 362 employees. With $26.5 million in funding from Ampersand Ventures and Liberty Lane Partners, Elmet is positioned as a niche leader in a high-barrier segment where few competitors can match its combination of vertical integration and refractory metal expertise.