TSX:AIIMetals and Mining
Almonty Industries (TSX:AII) Is Up 12.1% After Securing Defense-Focused Tungsten Offtake Deals And Assets
Almonty Industries has commenced active mining operations at the Sangdong Tungsten Mine and secured binding long-term offtake agreements to supply tungsten oxide for U.S. defense applications, while also acquiring full ownership of the Gentung Browns Lake Tungsten Project in Montana.
These moves position Almonty as an important contributor to reshoring Western tungsten supply chains, particularly for critical North American and allied defense needs.
We’ll now examine how Almonty’s new...