Almonty rises after tungsten supply deal with Sandvik unit

By Reuters News

** Nasdaq-listed shares of tungsten producer Almonty Industries ALM.O rise 4.5% to $13.98 premarket

** Co signs a tungsten supply agreement with a unit of Swedish industrial group Sandvik SAND.ST

** Deal includes a conditional upfront payment of $3 mln and covers tungsten recovered from existing mine waste

** The tie-up supports growing demand for non-Chinese tungsten supplies ahead of tighter US sourcing rules due in 2027, co says

** All 8 brokerages covering the stock, rate it "buy" or higher, their median PT is $25, according to LSEG-compiled data

** As of last close, ALM stock up around 53% YTD

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