Amid Almonty Industries’ (Almonty) re-domiciliation from Canada to the USA, the company announced that it has entered into a strategic partnership with American Defense International (ADI).

On 18 March, Almonty, a Canadian-based tungsten producer with operations in Portugal, South Korea, and Spain, announced a new partnership with ADI, a government relations and business development firm in Washington, D.C. As part of the partnership, Almonty will become a major supplier of tungsten and molybdenum to the US market.

Almonty’s main active site is the Panasqueira Mine in Portugal, where it produces tungsten concentrate. In Spain, Almonty owns the Los Santos mine, a former tungsten producer, which has been inactive since 2020. The company tried to restart a tailings project at Los Santos in 2023, but it was halted again in 2024. Almonty also owns the greenfield Valtreixal tin-tungsten deposit in Spain. In South Korea, Almonty Korea Tungsten Corporation is developing the Sangdong Project, which hosts molybdenum and tungsten, with a goal to start production in 2027. Almonty’s tungsten concentrate is processed in Buffalo, NY.

In February 2025, Almonty confirmed that its shareholders had voted to move the company from Toronto to Delaware, USA. This relocation will follow a court-approved plan under Canadian law. Following this, Almonty applied for final court approval from the Ontario Superior Court of Justice on 4 March 2025.

The USA, which currently has no active primary tungsten mines and depends on imports mainly from China, Germany, and Bolivia, enacted the USA REEShore Act (2022), mandating a ban on Chinese tungsten in military equipment by 2026. Significantly, in February 2025, China imposed export restrictions on key tungsten products, including cemented carbides, tungsten powders, and oxides. Through its partnership with ADI, Almonty aims to reinforce its strategic role as a supplier of tungsten and molybdenum to the US defence and technology sectors.