STARMET CORP
NT 10-Q, 1999-02-17
ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25


                                                Commission File Number 001-14253
                                                                       ---------


                           NOTIFICATION OF LATE FILING

(Check One):
[ ] Form 10-K [ ] Form 20-F [ ] Form 11-K [X] Form 10-Q [ ] Form N-SAR

For Period Ended:    December 31, 1998
                 ------------------------------------------------------------- 

      [ ] Transition Report on Form 10-K     [ ] Transition Report on Form 10-Q
      [ ] Transition Report on Form 20-F     [ ] Transition Report on Form N-SAR
      [ ] Transition Report on Form 11-K

      For the Transition Period Ended:
                                      ----------------------------------------

      Read attached instruction sheet before preparing form. Please print or
      type.

      Nothing in this form shall be construed to imply that the Commission has
      verified any information contained herein.

      If the notification relates to a portion of the filing checked above, 
      identify the item(s) to which the notification relates:


- --------------------------------------------------------------------------------

- --------------------------------------------------------------------------------


                                     PART I
                             REGISTRANT INFORMATION
   
Full Name of Registrant Starmet Corporation
                        -------------------

Former Name if Applicable

                         Nuclear Metals, Inc.
- --------------------------------------------------------------------------------

Address of principal executive office (Street and Number)

2229 Main Street
- --------------------------------------------------------------------------------

City, state and zip code Concord, Massachusetts 01742
                         -------------------------------------------------------


                                    PART II
                            RULES 12b-25(b) AND (c)

         If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate.)


<PAGE>

            (a)   The reasons described in reasonable detail in Part III of this
                  form could not be eliminated without unreasonable effort or
                  expense;

            (b)   The subject annual report, semi-annual report, transition
                  report on Form 10-K, 20-F, 11-K, or Form N-SAR, or portion
[X]               thereof will be filed on or before the fifteenth calendar day
                  following the prescribed due date; or the subject quarterly
                  report or transition report on Form 10-Q, or portion thereof
                  will be filed on or before the fifth calendar day following
                  the prescribed due date; and

            (c)   The accountant's statement or other exhibit required by Rule
                  12b-25(c) has been attached if applicable.


                                    PART III
                                   NARRATIVE

         State below in reasonable detail the reasons why Forms 10-K, 20-F,
11-K, 10-Q, N-SAR, or the transition report portion thereof could not be filed
within the prescribed time period. (Attach Extra Sheets if Needed.)


     Starmet Corporation (the "Registrant") is unable to file its Quarterly
Report on Form 10-Q for the quarter ended December 31, 1998 within 45 days after
the end of such period without unreasonable effort or expense because of delays
in finalizing the Registrant's financial statements for such period occasioned
by the need to properly evaluate waste accruals.



                                    PART IV
                               OTHER INFORMATION

(1)   Name and telephone number of person to contact in regard to this
      notification.

            John Hession                   (617)             248-7000
      --------------------------------------------------------------------------
               (Name)                   (Area Code)      (Telephone Number)

(2)   Have all other periodic reports required under Section 13 or 15(d) of
      the Securities Exchange Act of 1934 or Section 30 of the Investment
      Company Act of 1940 during the preceding 12 months or for such shorter
      period that the registrant was required to file such report(s) been filed?
      If answer is no, identify report(s). 

                                                                  [X] Yes [ ] No

(3)   Is it anticipated that any significant change in results of operations
      from the corresponding period for the last fiscal year will be reflected
      by the earnings statements to be included in the subject report or portion
      thereof? 

                                                                  [ ] Yes [X] No

      If so: attach an explanation of the anticipated change, both narratively
      and quantitatively, and, if appropriate, state the reasons why a
      reasonable estimate of the results cannot be made.




                               Starmet Corporation
                     ---------------------------------------
                  (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned 
thereunto duly authorized.

Date    2/17/99                            By   /s/ Ken Hurley
    ------------------------------------     -----------------------------------
                                                Interim Chief Financial Officer




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