The Elmet Group Co. announced the planned retirement of its Executive Vice President and General Counsel, Christian T. Chandler, effective at the end of 2026. The company also published an updated corporate presentation detailing several strategic initiatives, including a significant investment from the Department of War (DoW) and a major contract with the Defense Logistics Agency (DLA).
Key Details
- Management Change: EVP and General Counsel Christian T. Chandler will retire effective December 31, 2026. He will continue to serve as an advisor to the company post-retirement.
- Strategic Investment: The corporate presentation outlines a landmark $450 million committed investment from the DoW to strengthen the U.S. tungsten supply chain. Funding includes an initial $200 million tranche.
- DLA Contract: The company was awarded a $2 billion Indefinite Delivery, Indefinite Quantity (IDIQ) contract by the DLA to support the national tungsten stockpile, with an initial funded commitment of $150 million.
- Corporate Strategy: The DoW investment is intended to fund U.S. facility upgrades, strategic investments in the tungsten supply chain, and a joint venture to restart an Ammonium Paratungstate (APT) refining facility in Nevada.