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-Almonty Announces It Has Entered an Additional 1-Year Fixed Price Contract For Tungsten Concentrate Set At US$ 192.50 Per MTU (Implied Apt Price Of Us$ 240 Per MTU)

Toronto - Almonty Industries Inc. (TSX-V: AII) ('Almonty') announces that it has entered into an additional 1-year fixed price off-take agreement for the majority of the production at its Los Santos mine.

The net price to be received under the contract is US$ 192.50 per MTU of contained tungsten, equating to an effective APT price of US$ 240 per MTU (assuming an industry average discount factor of 20% to the quoted price of an MTU of APT). The current average spot market price of APT is ap

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