US Breakthrough Positions Almonty as Strategic Tungsten Leader

Canadian tungsten producer Almonty Industries has made a strategic acquisition valued at $9.75 million, sending its shares initially surging 12% before entering volatile trading. This landmark transaction could fundamentally reshape North America’s access to this critical mineral.

The company secured the Gentung Browns Lake Tungsten Project in Montana through this deal, potentially establishing itself as the first domestic US tungsten producer in over ten years. This development represents a significant shift within a strategically vital market segment currently dominated by international suppliers.

Geopolitical Tensions Fuel Western Tungsten Demand

This acquisition occurs against a backdrop of escalating trade tensions and Chinese export restrictions on tungsten, creating substantial opportunities Read more...