11:38 AM EDT, 03/18/2025 (MT Newswires) -- Almonty Industries ( ALMTF ) , a tungsten producer, said on Tuesday that it signed an agreement with American Defense International (ADI), a government relations and business development firm based in Washington, D.C., to strengthen Almonty's position within the critical metals sector to support the U.S. government as well as the American defense and technology industries.

"As we move to finalize our redomiciling to the U.S., ADI's expertise and relationships, forged through working with industry-leaders such as SpaceX, will position us to strengthen relationships with key stakeholders in a rapidly evolving global landscape," said chief executive Lewis Black.

The company said the collaboration will enhance its engagement in the U.S. market by reinforcing its alignment and support of government policies and industry priorities.

Almonty shares were last seen up $0.44 to $2.03 on the Toronto Stock Exchange.

Price: 2.03, Change: +0.44, Percent Change: +27.67