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Almonty and Rwanda Form Tungsten Venture Backed by US Economic Framework
The venture will let Almonty collect, upgrade and export tungsten material from Rwanda’s small-scale miners while it builds a processing plant.
- On Monday, Toronto-based Almonty Industries signed a binding agreement with Rwanda to develop and process tungsten, granting the government a 25% equity stake in Almonty Rwanda Pty Ltd while Almonty retains 75%.
- This partnership aligns with U.S. efforts to secure critical mineral supply chains outside China ahead of January 1, 2027, when defense procurement rules will mandate strict tungsten traceability for military applications.
- Almonty will retain 75% ownership while initially sourcing ore and tailings from existing small-scale miners across Rwanda, with exploration rights to the approximately 32 square kilometer Shyorongi concession in Rulindo District.
- The venture intends to deploy a mobile processing unit near existing tailings dams to upgrade material locally, with plans for a permanent collection and processing plant in Rwanda as the next phase.
- Success depends on establishing verifiable mineral provenance, a critical test given Rwanda's politically sensitive trade status and international scrutiny regarding the origin of minerals exported from the region.
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US-linked deal gives Rwanda 25% of tungsten venture before new American defence-supply rules take effect
Rwanda will take a 25% stake in a new tungsten venture with Nasdaq-listed Almonty Industries, positioning the African country to supply a metal used in missiles, ammunition and aircraft parts as the United States tightens its defence supply chains.
·New York, United States
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Almonty and Rwanda form tungsten venture backed by US economic framework
·London, United Kingdom
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Financial PostReposted by 
Business Wire
Business WireAlmonty and the Government of Rwanda Form Strategic Tungsten Partnership
Partnership follows introduction by U.S. Department of State under the 2025 U.S.-Rwanda Framework for Shared Economic Prosperity Government of Rwanda to receive a 25% equity interest in a platform combining the near-term collection and export of ore, pre-concentrate and panning tailings from Rwanda’s existing small-scale license holders with mobile processing and new exploration DILLON, Mont. […]
·Toronto, Canada
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right2Center2Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
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