Almonty Industries is trading 5.12% higher at $14.16 after announcing a long-term, take-or-pay tungsten concentrate agreement with Sandvik subsidiary Wolfram Bergbau und Hütten.
- The agreement covers approximately 1,720 tonnes of contained WO₃ from recycled Los Santos mine tailings and includes a conditional $3.0 million upfront payment, improving revenue visibility.
- Broader market recovery also supports sentiment; Bitcoin and Ethereum gains remain too modest to explain the move.