Almonty Signs Take-or-Pay Off-Take with $3M Upfront for Los Santos Restart
ALM has more than doubled off its 52-week low of $5.435 on light trading volume (0.3× avg).
Summary
Almonty signed a long-term take-or-pay tungsten concentrate supply deal with WBH tied to Los Santos tailings, including a conditional $3.0M upfront payment and a contractual floor price. This secures a committed buyer and eases near-term funding for reactivating the idle Los Santos processing facilities. The deal follows the recent Sangdong inspection certificates and the earlier WBH offtake covering Sangdong volumes, signaling a broader customer-led strategy. The floor price protects margins if tungsten prices weaken, while the upfront payment supports restart capex. Watch for a firm restart timeline and throughput metrics to confirm the economics.
At the time of this announcement, ALM was trading at $13.26 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $5.44 to $24.41. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.