Almonty signs tungsten supply deal with Sandvik unit, gets USD 3 million upfront payment
ALM•Supply source and regulatory context
Material will come from recycling the existing tailings stockpile, positioning a documented EU-origin feed source for Sandvik’s Austria smelter.
The agreement aligns with tighter U.S. defense procurement rules from Jan. 1, 2027, extending origin restrictions back to ore and feedstock.
Almonty signs long-term tungsten offtake deal
Almonty signed a long-term tungsten concentrate offtake deal with Sandvik unit Wolfram Bergbau und Hütten for Los Santos tailings retreatment.
The contract includes a conditional pay-to-play upfront payment of USD 3 million for offtake rights.
The take-or-pay structure targets supply ahead of a planned production restart at the Los Santos mine, which has been in care and maintenance since February 2020.
