Brief: Almonty Industries Sangdong Molybdenum Project To Begin Production By End Of 2026

Almonty Industries

29/01/2025 12:31

Jan 29 (Reuters) - Almonty Industries Inc  AII.TO :
    * ALMONTY INDUSTRIES HAS ENTERED INTO AN OFFTAKE AGREEMENT
WITH
SEAH GROUP, THE KOREAN STEEL GIANT AND SPACEX CONTRACTOR, TO
SUPPLY SEAH WITH THE ENTIRE PRODUCTION OF MOLYBDENUM FROM
ALMONTY'S SANGDONG MOLYBDENUM PROJECT FOR THE LIFE OF MINE
    * ALMONTY INDUSTRIES INC - SANGDONG MOLYBDENUM PROJECT TO
BEGIN
PRODUCTION BY END OF 2026
    * ALMONTY INDUSTRIES INC - OFFTAKE AGREEMENT INCLUDES FLOOR
PRICE
OF $19.00/LB FOR MOLYBDENUM

Source text:  ID:nBw7QQkmJa 
Further company coverage:  AII.TO 

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