Almonty Extends Tungsten Offtake Agreement with GTP, Increases Volume and Revenue Potential

[SMM Tungsten Express] Spartan Metals has confirmed eight tungsten-silver veins at the Tungstonia claims of its Eagle Project in Nevada, with a cumulative exposed surface strike length of approximately 6.8 kilometers—13 times larger than the known footprint at acquisition. Vein 4 has been extended to 1.1 km, and the newly discovered Spartan C vein is approximately 700 m long. Rock samples returned up to 5.18% WO₃. The company plans to begin approximately 3,000 meters of diamond core drilling in mid-August, with approximately 50% of the claim block still unexplored.

[SMM Tungsten Express] Tungsten West confirmed that phased commissioning of the Hemerdon tungsten-tin mine in the UK will begin later this month, with fines gravity and downstream processing starting in Q3, coarse gravity in Q4, and full commissioning targeted for Q1 2027. The company has recruited over 100 employees, with its workforce expected to grow to around 350 by early 2027. The project remains on track and within budget, though financial constraints persist with ongoing losses, negative cash flow and negative shareholders' equity.

[Molybdenum Flash] SMM July 16: Due to the recent continuous price increase of ferromolybdenum, combined with the current die steel production cost situation, and in order to ensure stable supply, Jiangsu Tiangong Aihe plans to raise prices for contract orders (including spot cargo) received from 00:00 on July 20, 2026, by 800 yuan/mt for each 1% Mo content in the steel grade, based on the June 30 price.