The revised offtake agreement with the Global Tungsten & Powders arm of Plansee stretches the contract term to 21 years from the date of first delivery, effectively pushing the supply commitment into the late 2040s. Beyond the extended timeline, the deal increases the contracted volumes from the mine's first development phase by 40% and boosts payable pricing on those volumes by approximately 6.3%.

Following this latest rally, Almonty’s stock has climbed 87% since the start of the year, trading at 22.65 Canadian dollars in Toronto and $15.90 on the Nasdaq. The agreement covers roughly 90% of the initial production capacity at Sangdong, with minimum annual volumes set at 210,000 tons once the site reaches full ramp-up. The company noted that these terms do not apply to its separate plans for a second-phase expansion at the site.