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Almonty Industries ( (TSE:AII) ) has issued an announcement.
Almonty Industries has entered into a strategic partnership with American Defense International (ADI) to enhance its positioning within the U.S. defense and technology sectors. This collaboration aims to strengthen Almonty’s market presence by aligning with U.S. government policies and industry priorities, leveraging ADI’s expertise and relationships to secure sustainable supply chains for tungsten and molybdenum, critical to American interests.
More about Almonty Industries
Almonty Industries Inc. is a global producer of tungsten concentrate, operating in conflict-free regions. The company mines, processes, and ships tungsten from its Panasqueira mine in Portugal and is constructing the Sangdong tungsten mine in South Korea. Almonty also has development projects in Spain, including the Valtreixal tin/tungsten project and the Los Santos Mine.
YTD Price Performance: 122.77%
Average Trading Volume: 486,791
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$628.4M
For detailed information about AII stock, go to TipRanks’ Stock Analysis page.