October 28, 2025
Almonty To Acquire U.S. Tungsten Project In Montana
Almonty signed a binding deal to buy rights to the Gentung Browns Lake tungsten claims in Beaverhead County, Montana for US$9.75 million. That puts cash out and new shares on the table this week if closing lands, Almonty holders might eat dilution to gain a U.S. foothold. The company targets first output as early as the second half of 2026. That lines up with a hard U.S. Defence Department rule kicking in on January 1, 2027 that blocks tungsten mined, refined, or produced in China, Russia, Iran, or North Korea from Pentagon supply chains. Deal Price And Lock Up Almonty
