Almonty, Rwanda Gov't Form Strategic Tungsten Partnership with 25% Equity Stake

Almonty Industries and the Rwandan government have formed a strategic tungsten partnership under the 2025 U.S.-Rwanda Framework for Shared Economic Prosperity. The government will receive a 25% stake in Almonty Rwanda, while Almonty will hold the remaining 75%. The partnership will acquire ore, pre-concentrate, and tailings from Rwandan mining license holders, including small-scale operators, for sale or upgrading. Almonty Rwanda plans to export the material until a collection and processing plant is built in Rwanda. The partnership aims to combine three elements of the sector: acquisition and upgrading of ore and tailings, mobile processing, and exploration. A collection and processing plant in Rwanda is contemplated as the next stage.