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Almonty bought the asset when the US stopped mining tungsten in 2015 and has been working to bring it back into production for a decade.

Staff Writer | December 16, 2025 | 4:38 pm

The EGA plant is expected to require $5 billion to $6 billion of capital investment and produce about 750,000 tons of primary aluminum a year.

Bloomberg News | December 16, 2025 | 2:54 pm

The rapid approval signals a significant shift in Ottawa's approach to foreign takeovers, particularly in the sensitive critical minerals sector.

Reuters | December 16, 2025 | 2:25 pm

The plant shipped almost 430,000 tons of aluminum to the EU in the first 10 months of 2025.

Reuters | December 16, 2025 | 12:25 pm

Gold price slides on hopes of progress in Ukraine peace talks