Almonty Signs Take-or-Pay Offtake with WBH, Secures $3M Upfront
ALM has more than doubled off its 52-week low of $4.72.
Summary
Almonty signed a long-term take-or-pay tungsten concentrate offtake with Sandvik unit WBH for its Los Santos tailings, including a conditional $3M upfront payment. The deal de-risks sales for the planned Los Santos restart and provides near-term cash to support plant reinstatement. Index-linked pricing with a floor offers price protection while retaining upside to tungsten indices. Supply from tailings retreatment is faster-to-market and lower capex than new mining, potentially generating quick cash flow. EU-origin feed positions Almonty for demand tied to 2027 U.S. defense sourcing rules. This follows the company's recent Sangdong production start and Rwanda JV, reinforcing its strategy to secure non-Chinese tungsten supply.
At the time of this announcement, ALM was trading at $14.03 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.9B. The 52-week trading range was $4.72 to $24.41. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.