Almonty Industries ( (TSE:AII) ) just unveiled an update.
Almonty Industries has entered into a binding Offtake Agreement with Tungsten Parts Wyoming and Metal Tech to supply tungsten oxide exclusively for U.S. defense applications. This agreement, which ensures a minimum monthly purchase and a hard floor price, positions Almonty as a key supplier in the U.S. defense supply chain, aligning its production with national security priorities and reinforcing its market position.
More about Almonty Industries
Almonty Industries Inc. is a global producer of tungsten concentrate, operating in conflict-free regions. The company is involved in mining, processing, and shipping tungsten concentrate from its Panasqueira mine in Portugal, with ongoing construction at its Sangdong tungsten mine in South Korea. Almonty is also developing the Valtreixal tin/tungsten project in Spain and the Los Santos Mine in Spain.
Average Trading Volume: 552,212
Technical Sentiment Signal: Buy
Current Market Cap: C$656.1M
For detailed information about AII stock, go to TipRanks’ Stock Analysis page.