Corporate News

Almonty Confirms U.S. Tariffs Do Not Impact Tungsten Exports, Stock Down

Almonty Industries Inc. (AII), Friday announced that its tungsten exports remain unaffected by the recent U.S. Executive Order on reciprocal tariffs.

A review of the order confirmed that tungsten ore, concentrates, and oxide, classified under specific HTS codes, are excluded from the new trade measures.

This exemption ensures uninterrupted trade and reinforces tungsten's strategic role in U.S. national defense, aerospace, and high-tech industries. Almonty continues to strengthen Western supply chains and maintain its long-term offtake agreement with Global Tungsten & Powders - GTP.

The company remains committed to reducing reliance on Chinese-sourced critical minerals while advancing its fully integrated tungsten production operations.

AII is currently trading at C$2.07 or 6.33% lower on the Toronto.

by RTTNews Staff Writer

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