Almonty Industries Inc. Confirms No Impact from Recent U.S. Executive Order on Reciprocal Tariffs
Almonty Industries (TSX: AII, OTCQX: ALMTF) has confirmed that its tungsten operations and product exports are not affected by the recent U.S. Executive Order on reciprocal tariffs issued on April 2, 2025. The company's tungsten products, including ore, concentrates, and oxide materials under specific HTS codes (2611.00.30, 2611.00.60, and 2825.90.30), are explicitly excluded from the new tariff measures.
The exemption reinforces Almonty's strategic position in supplying critical tungsten materials to U.S. industries, particularly in defense, aerospace, high-performance electronics, and clean energy technologies. The company maintains a long-term offtake agreement with Global Tungsten & Powders (GTP) in Pennsylvania, strengthening domestic supply chains and reducing dependence on Chinese-sourced critical minerals.
Almonty Industries (TSX: AII, OTCQX: ALMTF) ha confermato che le sue operazioni di tungsteno e le esportazioni di prodotti non sono influenzate dal recente Decreto Esecutivo degli Stati Uniti sui dazi reciproci emesso il 2 aprile 2025. I prodotti di tungsteno dell'azienda, inclusi minerale, concentrati e materiali ossidati sotto codici HTS specifici (2611.00.30, 2611.00.60 e 2825.90.30), sono esplicitamente esclusi dalle nuove misure tariffarie.
L'esenzione rafforza la posizione strategica di Almonty nel fornire materiali critici in tungsteno alle industrie statunitensi, in particolare nei settori della difesa, aerospaziale, elettronica ad alte prestazioni e tecnologie per l'energia pulita. L'azienda mantiene un contratto di lungo termine con Global Tungsten & Powders (GTP) in Pennsylvania, rafforzando le catene di approvvigionamento nazionali e riducendo la dipendenza dai minerali critici provenienti dalla Cina.
Almonty Industries (TSX: AII, OTCQX: ALMTF) ha confirmado que sus operaciones de tungsteno y las exportaciones de productos no se ven afectadas por la reciente Orden Ejecutiva de EE. UU. sobre aranceles recíprocos emitida el 2 de abril de 2025. Los productos de tungsteno de la empresa, incluidos mineral, concentrados y materiales óxidos bajo códigos HTS específicos (2611.00.30, 2611.00.60 y 2825.90.30), están explícitamente excluidos de las nuevas medidas arancelarias.
La exención refuerza la posición estratégica de Almonty en el suministro de materiales críticos de tungsteno a las industrias de EE. UU., particularmente en defensa, aeroespacial, electrónica de alto rendimiento y tecnologías de energía limpia. La empresa mantiene un acuerdo de compra a largo plazo con Global Tungsten & Powders (GTP) en Pennsylvania, fortaleciendo las cadenas de suministro nacionales y reduciendo la dependencia de minerales críticos provenientes de China.
Almonty Industries (TSX: AII, OTCQX: ALMTF)는 2025년 4월 2일에 발효된 미국의 상호 관세에 대한 행정명령이 자사의 텅스텐 운영 및 제품 수출에 영향을 미치지 않는다고 확인했습니다. 회사의 텅스텐 제품, 즉 광석, 농축물 및 특정 HTS 코드(2611.00.30, 2611.00.60, 2825.90.30)에 해당하는 산화물 재료는 새로운 관세 조치에서 명시적으로 제외됩니다.
이번 면제는 방위, 항공우주, 고성능 전자기기 및 청정 에너지 기술 분야에서 미국 산업에 중요한 텅스텐 자재를 공급하는 Almonty의 전략적 위치를 강화합니다. 이 회사는 펜실베니아에 있는 Global Tungsten & Powders (GTP)와 장기 공급 계약을 유지하여 국내 공급망을 강화하고 중국에서 수입하는 중요 광물에 대한 의존도를 줄이고 있습니다.
Almonty Industries (TSX: AII, OTCQX: ALMTF) a confirmé que ses opérations de tungstène et ses exportations de produits ne sont pas affectées par le récent décret exécutif américain sur les tarifs réciproques émis le 2 avril 2025. Les produits en tungstène de l'entreprise, y compris le minerai, les concentrés et les matériaux oxydés sous des codes HTS spécifiques (2611.00.30, 2611.00.60 et 2825.90.30), sont explicitement exclus des nouvelles mesures tarifaires.
Cette exemption renforce la position stratégique d'Almonty dans la fourniture de matériaux critiques en tungstène aux industries américaines, en particulier dans les domaines de la défense, de l'aérospatial, de l'électronique haute performance et des technologies d'énergie propre. L'entreprise maintient un contrat d'approvisionnement à long terme avec Global Tungsten & Powders (GTP) en Pennsylvanie, renforçant ainsi les chaînes d'approvisionnement nationales et réduisant la dépendance aux minéraux critiques provenant de Chine.
Almonty Industries (TSX: AII, OTCQX: ALMTF) hat bestätigt, dass ihre Tungsten-Operationen und Produktexporte nicht von der kürzlich erlassenen US-Präsidentenverordnung über gegenseitige Zölle, die am 2. April 2025 veröffentlicht wurde, betroffen sind. Die Tungsten-Produkte des Unternehmens, einschließlich Erze, Konzentrate und Oxidmaterialien unter bestimmten HTS-Codes (2611.00.30, 2611.00.60 und 2825.90.30), sind ausdrücklich von den neuen Zollmaßnahmen ausgeschlossen.
Die Ausnahme stärkt die strategische Position von Almonty bei der Lieferung kritischer Tungsten-Materialien an US-Industrien, insbesondere in den Bereichen Verteidigung, Luft- und Raumfahrt, Hochleistungs-Elektronik und saubere Energietechnologien. Das Unternehmen hat einen langfristigen Abnahmevertrag mit Global Tungsten & Powders (GTP) in Pennsylvania, was die heimischen Lieferketten stärkt und die Abhängigkeit von kritischen Mineralien aus China verringert.
- Exemption from new U.S. tariffs ensures stable trade flows
- Strategic long-term offtake agreement with U.S.-based Global Tungsten & Powders
- Position as key Western supplier reduces dependence on Chinese tungsten sources
- None.
The Executive Order published on April 2, 2025, outlines new tariff measures targeting specific Harmonized Tariff Schedule (HTS) codes. Following a detailed review of Annex I and Annex II of the order titled “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits,” we can confirm that Almonty's tungsten ore, concentrates, oxide, and related materials are not subject to the newly imposed tariffs. These products — including those classified under HTS codes 2611.00.30, 2611.00.60, and 2825.90.30 — are explicitly excluded from the action, as listed in Annex II.
This confirmation not only ensures the continued stability of Almonty’s trade flows but also highlights the Company’s role in supporting a secure and diversified supply chain to
Almonty remains firmly committed to developing and maintaining a reliable, western-based supply chain for tungsten, working in close collaboration with its partners and stakeholders to meet the growing demand for secure and sustainable access to critical minerals for the
Lewis Black, President & CEO of Almonty, commented: “We are thrilled with this confirmation, which reinforces Almonty's position as a key player in the global tungsten supply chain. The explicit exclusion of our products from the new tariff measures highlights the strategic importance of tungsten in supporting the national security, industrial independence, and resilient supply chains of American industry. Almonty has been a consistent supplier of tungsten materials to
About Almonty
Almonty Industries Inc. is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The company is currently mining, processing and shipping tungsten concentrate from its Panasqueira mine in
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When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. These statements and information are based on management’s beliefs, estimates and opinions on the date that statements are made and reflect Almonty’s current expectations.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate ("APT") from which the sale price of Almonty’s tungsten concentrate is derived, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty’s operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty’s business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty’s shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to the adequacy of internal control over financial reporting, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development and operations at Almonty’s tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty’s mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty’s mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, challenges related to global financial conditions, risks related to future sales or issuance of equity securities, differences in the interpretation or application of tax laws and regulations or accounting policies and rules and acceptance of the TSX of the listing of Almonty shares on the TSX.
Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of ammonium para tungstate (APT), the continuing ability to fund or obtain funding for outstanding commitments, expectations regarding the resolution of legal and tax matters, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary.
Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events.
Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250404377262/en/
Company
Lewis Black
Chairman, President & CEO
+1 647 438-9766
info@almonty.com
Investor Relations
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
ALMTF@mzgroup.us
www.mzgroup.us
Source: Almonty Industries Inc.
FAQ
How does the April 2025 U.S. Executive Order on tariffs affect ALMTF's tungsten exports?
Which specific HTS codes for ALMTF's tungsten products are exempt from the new U.S. tariffs?
Who is ALMTF's main U.S. partner for tungsten distribution?
What are the main industrial applications for ALMTF's tungsten products?
