WestMET Group Valuation, Funding & Investors

WestMET Group is valued at $550M as of May 2026.

Last WestMET Group valuation

$550M

Undisclosed stage · May 2026

Last WestMET Group funding round

$13M

Undisclosed stage · May 2026

Cumulative funding WestMET Group raised

$13M

across 1 funding round

WestMET Group Overview

About WestMET Group

WestMET Group is a Perth-based provider of comprehensive services for the mining and minerals sector in Western Australia. The company offers camp management, equipment maintenance, earthmoving, and rehabilitation for iron ore, gold, and lithium operations. WestMET Group supports remote sites with fly-in fly-out workforce accommodations and fuel supply logistics. Established in 2012, it partners with mid-tier producers in the Pilbara and Goldfields regions.


Founded

2024

HQ

United StatesIowa City, IA

Status

Privately held

Customer focus

B2B

Revenue model

Services

Valuation

$550M (May 2026)

WestMET Group Valuation

WestMET Group is currently valued at $550M, based on its undisclosed-stage round in May 2026.

WestMET Group valuation by funding round

WestMET Group valuation by funding round
DateStageValuation
May 2026Undisclosed stage$550M

WestMET Group Funding History

WestMET Group has raised a total of $13M across 1 funding round.

WestMET Group funding rounds

WestMET Group funding rounds
DateStageRaisedValuationDeal Summary
May 2026Undisclosed stage$13M$550MDelta and Korean Air agreed to acquire independent equity stakes totaling 25% in WestJet for USD 550 million from Onex Partners and affiliated funds/co-investors. The transaction values WestJet’s equity stake at USD 550 million for the 25% position, and Onex said it plans to hold an IPO of WestJet Airlines within two years. The deal is part of a broader ownership shift in which Onex is selling a minority stake while WestJet remains under its control structure. Strategically, the investment deepens partnerships between WestJet and the two airlines, which are described as acquiring independent equity stakes in the carrier. In parallel, WestJet has been managing cost pressure from fuel prices and capacity adjustments in 2026, with Fitch noting that rising jet fuel prices are expected to strain profitability during the year. The company’s recent operating context therefore includes margin pressure and network management alongside the ownership transaction. WestJet is the Canadian airline group that sits within the WestJet Group/WestJet Airlines structure. The available results also identify WestMET Group Canada Ltd. separately as a former Westmoreland Mining LLC business based in Edmonton, operating humalite harvesting and reclamation projects in Alberta; this appears unrelated to the WestJet airline transaction.

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Acquisitions by WestMET Group

WestMET Group has acquired 1 company to date.

Last acquisition by WestMET Group was on December 1st 2024. WestMET Group acquired Black Earth Humic Lp for undisclosed valuation.


Latest Acquisitions by WestMET Group

Black Earth Humic Lp
Description
Black Earth Humic LP is a Saskatchewan-based supplier of humic acid products for agriculture and horticulture. The company extracts and processes humic substances from leonardite deposits to produce liquid and granular soil conditioners that enhance nutrient uptake, water retention, and microbial activity in crops.
HQ CountryCanada
HQ City
Calgary
Deal Date1 Dec 2024
Valuationundisclosed
EV/Revenue
EV/EBITDA

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WestMET Group Competitors

WestMET Group competitors include listed companies like Wia Gold, Blue Moon Metals, CW Enerji and Aurelia Metals, and private ones like Antora Energy and NatPower.

Public and private companies comparable to WestMET Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Wia GoldAustraliaAustraliaPublicly listed$285K($5M)$545M2309.2x
Blue Moon MetalsCanadaCanadaPublicly listed-($27M)$559M-
CW EnerjiTurkeyTurkeyPublicly listed$336M$74M$541M-
Aurelia MetalsAustraliaAustraliaPublicly listed$244M$87M$563M1.3x
Antora EnergyUnited StatesSan Francisco, CAPrivate--$574M-
NatPowerLuxembourgLuxembourgPrivate--$575M-

WestMET Group Public Comps

WestMET Group is still privately-owned, but its public comps include Wia Gold, CW Enerji, Blue Moon Metals, Aurelia Metals, Raizen, JinkoSolar, Zephyrus Wing Energies, NioCorp, West Holdings and REalloys.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Wia Gold$285K($5M)1803.1x2309.2x(105.9x)(103.4x)
CW Enerji$336M$74M2.2x-10.0x-
Blue Moon Metals-($27M)--(17.1x)(15.9x)
Aurelia Metals$244M$87M1.9x1.3x5.4x3.3x
Raizen$44B($1.4B)0.3x0.3x(8.7x)9.7x
JinkoSolar$9.8B($44M)0.6x0.6x(139.6x)25.8x
Zephyrus Wing Energies$65M$34M11.8x-22.9x-
NioCorp-($18M)--(6.2x)(4.3x)

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Common questions about WestMET Group

When was WestMET Group founded?WestMET Group was founded in 2024.
Where is WestMET Group headquartered?WestMET Group is headquartered in Iowa City, IA, United States.
Is WestMET Group publicly listed?No, WestMET Group is a private company.
What is WestMET Group's valuation?WestMET Group was last valued at $550M in its undisclosed-stage round in May 2026.
How much funding has WestMET Group raised?WestMET Group has raised $13M across 1 funding round.
What was WestMET Group's last funding round?WestMET Group's last funding round was a $13M undisclosed-stage round in May 2026.
Which companies are comparable to WestMET Group?Companies comparable to WestMET Group include Wia Gold, Blue Moon Metals, CW Enerji, Aurelia Metals, Antora Energy and NatPower.
How many companies has WestMET Group acquired?WestMET Group has acquired 1 company, including Black Earth Humic Lp.

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