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Almonty Doubles Down on U.S. Defense Amid Sangdong Mine Launch
5:23pm on Monday 19th of May, 2025 AEST
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Mining
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Almonty Doubles Down on U.S. Defense Amid Sangdong Mine Launch
5:23pm on Monday 19th of May, 2025 AEST
Key Points
Revenue edged up 1.3% to CAD 7.9 million
Net loss widened to CAD 34.6 million driven by non-cash warrant liability revaluation
Secured exclusive tungsten oxide offtake agreement with U.S. defense contractor
Shareholders approved domestication to U.S. with 99.6% support
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Almonty Industries (ASX:AII)
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