Almonty Secures Take-or-Pay Tungsten Offtake with Sandvik Unit for Los Santos Tailings
ALM has more than doubled off its 52-week low of $4.72.
Summary
Almonty signed a multi-year, take-or-pay tungsten concentrate offtake with Sandvik subsidiary WBH covering at least 1,720 tonnes of contained WO₃ from Los Santos tailings retreatment, including a conditional US$3.0M upfront payment.
Key Events · M&A and Partnerships · ALM
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Take-or-Pay Offtake Signed
Multi-year agreement with Sandvik subsidiary WBH covers a minimum of approximately 1,720 tonnes of contained WO₃ from retreatment of the Los Santos Mine tailings inventory.
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US$3.0M Upfront Payment
Conditional pay-to-play one-time payment of US$3.0 million from WBH for offtake rights, with index-linked pricing and a floor beneath it.
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Los Santos Restart Funded
Agreement includes sharing of financial requirements to reactivate the Los Santos processing plant, which has been in care and maintenance since February 2020.
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US Defense Procurement Tailwind
Effective January 1, 2027, US defense procurement rules restrict tungsten from China, Russia, North Korea, and Iran, increasing demand for documented non-Chinese origin supply.
Analysis · ALM · Energy & Transportation
A committed, take-or-pay offtake has been secured for a minimum of approximately 1,720 tonnes of contained WO₃ from retreatment of the Los Santos tailings, with a conditional US$3.0 million upfront payment from WBH and index-linked pricing with a floor. The deal provides customer capital to restart the processing plant and a defined route to market for a European Union asset before production resumes. It also positions Almonty ahead of the January 1, 2027 US defense procurement restrictions on tungsten from China, Russia, North Korea, and Iran, strengthening its role as a non-Chinese supply source.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.54%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ALM was trading at $13.99 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $4.72 to $24.41. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.