Almonty expands tungsten offtake deal to $490M in annual revenue
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Almonty Expands Sangdong Tungsten Offtake Agreement with Global Tungsten & Powders to US$490 Million in Contracted Annual Revenue at Current APT Pricing
July 14, 2026 7:30 AM EDTAmendment Extends Offtake Term from 15 to 21 Years and Increases Total Contracted Volume by 40% to 4.41 Million MTU at Significantly Improved Pricing Terms
DILLON, Mont.--(BUSINESS WIRE)-- Almonty Industries Inc. (Almonty or the Company) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, today announced that it has entered into an amendment (the Amendment) to its long-term offtake agreement (the Agreement) with Global Tungsten & Powders LLC (GTP), a... More
