• Almonty Industries announced an amendment to its long-term supply agreement with Global Tungsten & Powders, extending the contract from 15 to 21 years.
  • The amended agreement increases total contracted volumes by 40% to 4.41 million metric tonne units and improves pricing by approximately 6.3%.
  • This is expected to generate an additional $30 million in annual revenue, bringing the total projected revenue to approximately $490 million over the 21-year period based on current pricing.