ELMT Enters Warrant Purchase Agreement with Blue Moon Metals for 1.17M Shares

The Elmet Group Co. (ELMT) has entered into a definitive warrant purchase agreement with Blue Moon Metals Inc. on September 21, 2026. This agreement formalizes a previously announced letter agreement, issuing an unregistered warrant to Blue Moon Metals as part of a broader investment commitment.

Key Details

• Agreement: Elmet agreed to issue and sell a warrant to Blue Moon Metals for the right to purchase up to 1,166,970 shares of Elmet's common stock.
• Warrant Terms: The warrant has an exercise price of $21.423 per share. It becomes exercisable six months after the issuance date and will expire three years from issuance.
• Consideration: The warrant was issued in consideration for Blue Moon's commitment to invest in Elmet as contemplated by a binding letter agreement dated September 11, 2026.