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Almonty Boosts Sangdong Tungsten Deal to US$490 Million Over 21 Years
9:21am on Wednesday 15th of July, 2026 AEST
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Mining
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Almonty Boosts Sangdong Tungsten Deal to US$490 Million Over 21 Years
9:21am on Wednesday 15th of July, 2026 AEST
Key Points
Offtake term extended from 15 to 21 years
Contracted tungsten volumes increased 40% to 4.41 million MTU
Pricing improved by 6.3%, lifting annual revenue to US$490 million
Agreement covers 90% of Sangdong Mine Phase I production
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