AII:CC - Almonty Acquires Montana Tungsten Project as US Seeks to Revive Domestic Supply
2025-10-29 09:06:30 ET
Almonty Industries (TSX:AII,ASX:AII,NASDAQ:ALM) is expanding its US footprint with the acquisition of a tungsten project in Montana, a move that could make it the first domestic producer of the critical metal in a decade.
The Toronto-based miner said it agreed to buy the site, which was previously operated by Union Carbide, through a combination of stock and cash payment, according to a Bloomberg report .
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Almonty Acquires Montana Tungsten Project as US Seeks to Revive Domestic Supply