Almonty Industries Signs Long-Term Tungsten Offtake Deal with Sandvik Subsidiary

Key Facts

1Almonty Industries signed a long-term tungsten concentrate supply agreement with Wolfram Bergbau und Hütten AG, a subsidiary of Sandvik Group.

2The agreement covers the retreatment and recycling of existing tailings stockpiles at the company's Los Santos Mine in western Spain.

In a move aimed at enhancing resource sustainability and securing long-term cash flows, Almonty Industries has entered into a strategic offtake agreement for tungsten concentrate. Under the deal, the company will supply Wolfram Bergbau und Hütten AG, a subsidiary of the Sandvik Group, with tungsten concentrate derived from its operations. The agreement specifically covers the retreatment and recycling of existing tailings stockpiles at the company's Los Santos Mine in western Spain.

This partnership reflects Almonty's ability to leverage existing mining assets and convert waste into commercially valuable resources, improving the company's future revenue visibility. According to market data, the ALM stock closed at $13.47 (close September 16, 2026), with the stock reaching a session high of $14.41 and a low of $13.25.

Looking ahead, investors are monitoring the company's ability to efficiently execute recycling operations at the Los Santos Mine in line with the agreement terms. With the ALM stock stabilizing at current levels based on September 16, 2026 data, operational developments in Spain and global tungsten demand will be pivotal factors in assessing the company's performance in the coming period.