Almonty Industries Secures Long-Term Tungsten Contract via Portuguese Subsidiary
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Almonty Industries has secured a long-term tungsten supply contract through its Portuguese subsidiary, Beralt Tin and Wolfram (Portugal) S.A., with Wolfram Bergbau und Hütten AG. This agreement, effective January 16, 2026, enhances Almonty's sales visibility and supports its operational strategy in the tungsten market. Despite a Hold rating from analysts with a C$13.00 price target, the company faces financial challenges, including high leverage and negative profitability, impacting its stock appeal. Almonty operates in the mining sector, focusing on tungsten production and supply.
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