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Almonty signs tungsten supply deal with Sandvik unit, gets USD 3 million upfront payment
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Almonty signs tungsten supply deal with Sandvik unit, gets USD 3 million upfront payment
  • Almonty signed a long-term tungsten concentrate offtake deal with Sandvik unit Wolfram Bergbau und Hütten for Los Santos tailings retreatment.
  • Contract includes a conditional pay-to-play upfront payment of USD 3 million for offtake rights.
  • Take-or-pay structure targets supply ahead of a planned production restart at the Los Santos mine, in care and maintenance since February 2020.
  • Material will come from recycling the existing tailings stockpile, positioning a documented EU-origin feed source for Sandvik’s Austria smelter.
  • Agreement aligns with tighter US defense procurement rules from Jan. 1, 2027, extending origin restrictions back to ore and feedstock.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Almonty Industries Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260917718865) on September 17, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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