Almonty and Rwanda Form Tungsten Venture
Almonty Industries has signed an agreement with Rwanda to develop a tungsten project, granting the country a 25 percent stake. The initiative is supported by a U.S. economic framework aimed at strengthening critical mineral supply chains.
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ALMONTY INDUSTRIES INC formed a tungsten venture in Rwanda on Monday, granting the African nation a 25% stake in the project. The partnership aligns with the 2025 U.S.-Rwanda Framework for Shared Economic Prosperity. United States officials backed the initiative as part of broader efforts to secure critical mineral supply chains outside China's orbit.
