Almonty Industries Inc. (ALM) Form 6-K — Jul 14, 2026
Almonty Industries amended its offtake agreement with Global Tungsten & Powders (GTP) for the Sangdong Mine, extending the contract term by six years to 21 years and increasing total contracted volume by 40% to 4.41 million MTU. The amendment improves pricing by approximately 6.3% across all contracted volumes, effective immediately as the mine ramps toward full Phase I capacity. Under the improved terms, the agreement is expected to generate $490 million in annual contracted revenue at current APT pricing, representing an increase of at least $30 million per year.
Key figures
- Contract term years
- 21
- Volume increase percent
- 40%
- Pricing increase percent
- 6.3%
- Minimum annual volume mtu
- 210,000
- Annual revenue increase usd
- $30 million
- Total contracted volume mtu
- 4,410,000
- Contracted annual revenue usd
- $490 million
- Total incremental revenue usd
- $630 million
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