Almonty Industries Inc. (TSX: AII, ASX: AII, OTCQX: ALMTF, FRA: ALI), a leader in tungsten concentrate production, has announced a strategic partnership with Washington, D.C.-based American Defense International (ADI). This collaboration aims to bolster Almonty’s position within the critical metals sector and enhance its alignment with U.S. government policies and defense industry priorities.
This partnership comes as Almonty is in the process of redomiciling its headquarters to Delaware, a move designed to better align the company with U.S. domestic sourcing initiatives for critical materials. The collaboration with ADI will enable Almonty to deepen its engagement with key stakeholders in the U.S. defense and technology sectors. ADI’s expertise in government relations and business development is expected to facilitate Almonty’s integration into secure and sustainable supply chains for tungsten and molybdenum, two essential materials for advanced defense and technology applications.
Founded in 1995, ADI has a proven track record of assisting companies in navigating complex government relationships and driving strategic growth. The firm represents over 100 organizations globally, including major players like SpaceX. With a team composed of former senior government officials and military officers, ADI specializes in advancing its clients’ interests in critical industries such as defense and technology. This partnership is expected to leverage ADI’s extensive network to position Almonty as a key supplier of critical materials for U.S. national security needs.
Lewis Black, President and CEO of Almonty, emphasized the importance of the partnership:
“We are thrilled to announce our partnership with American Defense International, which will help position Almonty as a leading allied supplier of tungsten and molybdenum for American interests. As we finalize our redomiciling to the United States, ADI’s expertise will strengthen our relationships with key stakeholders in this rapidly evolving global landscape.”
Almonty is uniquely positioned to address the growing demand for tungsten outside of China. Its flagship Sangdong mine in South Korea, historically one of the world’s largest tungsten mines, is nearing completion and is expected to begin full-scale production in 2025. This mine will play a critical role in reducing U.S. reliance on Chinese tungsten supplies, aligning with recent U.S. policies that restrict sourcing from adversarial nations.
Additionally, Almonty operates the Panasqueira mine in Portugal and is developing other projects in Spain. These assets ensure a diversified supply chain that can meet global demand while adhering to conflict-free sourcing practices.
The partnership comes at a time when geopolitical tensions are reshaping global supply chains for critical materials. Recent U.S. legislation under the National Defense Authorization Act (NDAA) has tightened restrictions on sourcing tungsten from countries like China, Russia, and North Korea. These measures underscore the importance of securing domestic or allied sources for critical raw materials.
As Almonty transitions its corporate base to the United States, its collaboration with ADI represents a significant step toward becoming a cornerstone of U.S. critical material supply chains. By aligning its operations with U.S. defense and technology priorities, Almonty aims to create long-term value for its shareholders while contributing to national security objectives.
This partnership not only strengthens Almonty’s market presence but also highlights its commitment to sustainable and secure supply chains, an increasingly vital component in today’s global industrial landscape.
