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Almonty announces it has entered Into several 1-year fixed price contracts for tungsten concentrate set at US$210 PER MTU

December 1, 2016      Source:Almonty

Keywords:Tungsten

 

Toronto –November 29, 2016. Almonty Industries Inc. (TSX-V:AII) (“Almonty”) announces that it has entered several 1-year fixed price off-take agreements with its existing customers. The net price to be received under the contracts is US$210 per MTU of contained tungsten, equating to an effective APT price of US$269 per MTU (assuming an industry average discount factor). The current average spot market price of APT is approximately US$200 per MTU. These contracts become effective January 1st 2017.

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