Latest news with #TPW
Yahoo
5 days ago
- General
- Yahoo
Arrests made in alleged hit-and-run that killed U.S. Air Force Academy cadet candidate
(GRAPEVINE, Texas) — The Texas Game Wardens, along with the Grapevine Police Department (GPD), said they have made arrests in connection with a fatal hit-and-run that happened over Memorial Day weekend. On Sunday, May 25, Texas Game Wardens responded to a water fatality involving a personal watercraft and a kayaker at Lake Grapevine, northwest of Dallas. Texas Parks and Wildlife (TPW) said two women in a personal watercraft allegedly hit and killed 18-year-old Ava Moore, a cadet candidate who had graduated from the U.S. Air Force Academy Preparatory School on May 19 and had been accepted to join the Academy as a member of the Class of 2029. According to TPW, the personal watercraft was being driven at a high speed near the shoreline of Oak Grove Park when it collided with a kayak occupied by Moore. The driver, identified as 21-year-old Daikerlyn Alejandra Gonzalez Gonzalez, and the passenger initially left the scene, then later returned. PREVIOUS COVERAGE: USAFA cadet candidate killed in alleged hit-and-run while kayaking in Texas The passenger remained on the scene and spoke with police, while Gonzalez left in a vehicle with 21-year-old Maikel Coello Perozo. While the two were leaving the area, police said they hit two other vehicles. GPD is working on the case of the automobile crashes, while Texas Game Wardens investigated the boating incident. On Tuesday, May 27, Gonzalez and Perozo were arrested in Dallas. TPW said Gonzalez is facing charges of Manslaughter, and Perozo is facing charges of Collision Involving Damage to a Vehicle and Hindering Apprehension. 'We would like to take an opportunity to thank not only our local, state, and federal law enforcement officers but also the public for their support and vigilance in reporting information to the Grapevine Police Department's tip line,' said Texas Game Warden Captain Joseph Quintero. 'We received more than 900 tips from the public, which helped us provide a quick resolution to the family.' 'These arrests will not undo the heartbreak of losing Ava Moore, but we will continue to provide support to her family throughout the criminal justice process,' said Amanda McNew, Media Manager for the Grapevine Police Department. TPW said Enforcement Removal Operations Dallas filed immigration detainers with GPD following the arrests of Gonzalez and Coello, and both are in removal proceedings pursuant to the policies of the Immigration and Nationality Act. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
6 days ago
- General
- Yahoo
USAFA cadet candidate killed in alleged hit-and-run while kayaking in Texas
(U.S. AIR FORCE ACADEMY, Colo.) — A woman who died while kayaking in Texas has been identified as an 18-year-old U.S. Air Force Academy (USAFA) cadet candidate. On Sunday, May 25, Texas Game Wardens responded to a water fatality involving a personal watercraft and a kayaker at Lake Grapevine in Tarrant County, Texas. According to Texas Parks and Wildlife (TPW), details indicated that a personal watercraft occupied by two women allegedly struck the victim and killed the 18-year-old. The passenger of the personal watercraft remained on scene to be interviewed by first responders. TPW said that the operator left the scene with a man, and while leaving the area, the operator and the man then struck another car. On Monday, May 26, TPW announced it was looking for both the operator and the driver of the vehicle and asked the public to help locate them. On Tuesday, May 27, the suspect allegedly tied to the 18-year-old's death, Daikerlyn Alejandra Gonzalez Gonzalez, was arrested. 'We are thankful for the help of fellow law enforcement officers from the Texas Attorney General's Office, the Texas Department of Public Safety, the Dallas Police Department, and Homeland Security Investigations,' wrote TPW. On Tuesday, the Air Force Academy confirmed the victim, Ava Moore, was a cadet candidate who had graduated from the U.S. Air Force Academy Preparatory School on May 19, 2025, and had accepted an appointment to join the Academy as a member of the Class of 2029. 'We lost an exemplary teammate this weekend – Cadet Candidate Ava Moore, whose passion for leadership and service left an impact on everyone she met,' said Academy Superintendent Lt Gen Tony Bauernfeind. 'Ava's constant happiness and attitude helped her squadron get through the challenges of the Prep School, and her drive to excel was on display as she sought out leadership positions to improve herself and her team. Our team is focused on providing support to Ava's family, her Prep School Squadron, the Prep School Women's Basketball team, and the entire Academy family.' 'Our thoughts and prayers go out to Ava's family, friends, and loved ones,' USAFA wrote via Facebook. 'Ava, may you find blue skies and tailwinds as you rest forever in peace.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Market Online
15-05-2025
- Business
- The Market Online
Almonty Industries: A smart play on Western tungsten independence
In a bold move that ties critical minerals to national defense, a leading tungsten producer with operations in Portugal and soon South Korea, has secured a game-changing offtake agreement that positions it as a cornerstone of Western tungsten independence—and a rising star on the global investment radar. Almonty Industries (TSX:AII) has taken a significant step forward in securing its future revenue stream and strategic relevance. In early May 2025, the company announced a binding three-year offtake agreement with Tungsten Parts Wyoming (TPW), a U.S. defense contractor, and Metal Tech, a tungsten processor based in Israel. Under the agreement: TPW will purchase a minimum of 40 metric tons of tungsten oxide per month , to be used in critical defense applications such as missiles, drones, and ordnance systems . , to be used in critical defense applications such as . Metal Tech will process the tungsten oxide into metal powder in either Israel or the U.S., tailored to TPW's specifications. will process the tungsten oxide into metal powder in either Israel or the U.S., tailored to TPW's specifications. The deal includes a competitive hard-floor price with no cap on the upside, offering Almonty both downside protection and exposure to rising tungsten prices. Deliveries are expected to begin once Almonty reaches commercial production at its Sangdong mine in South Korea, projected for 2027–2028. A Western answer to Chinese dominance China currently controls approximately 90 per cent of global tungsten production, a dominance that poses a strategic risk to Western industries. Almonty's Sangdong mine, one of the largest tungsten deposits outside China, is poised to become a critical alternative source. With geopolitical tensions rising and raw materials increasingly weaponized, Almonty's conflict-free supply from Portugal, South Korea, and Spain offers a secure and stable alternative. The company is already seeing demand outstrip supply, with Lewis Black, Almonty's chief executive officer noting that many interested buyers will have to wait their turn. 'This binding offtake agreement represents a significant milestone for Almonty, securing both predictable revenue through a defined hard-floor price and long-term demand tied directly to US defense programs,' CEO Black explained in a statement. 'Beyond commercial certainty, the agreement ensures that our tungsten oxide will serve a strategic, high-value end-use – reinforcing Almonty's position as the key upstream supplier to the defense supply chain of the US and its allies. It reflects our broader commitment to aligning production with national security priorities, while delivering sustainable value to my fellow shareholders and is another customer of Almonty who is happy to commit to our hard-floor pricing terms as a condition of supply.' NASDAQ listing: Unlocking U.S. capital markets Almonty is preparing for a NASDAQ listing, a move that could significantly enhance its visibility and valuation. The company has already secured shareholder approval for a share consolidation, a key step toward meeting NASDAQ's listing requirements. Why NASDAQ matters Increased liquidity and access to a broader investor base. and access to a broader investor base. Enhanced credibility among institutional investors and U.S. defense stakeholders. among institutional investors and U.S. defense stakeholders. Potential for re-rating: Almonty's current market cap is around USD 500 million, while MP Materials (NYSE:MP), a comparable rare earths producer, is valued at USD 4 billion. The listing is expected to be a major catalyst for the stock, especially as U.S. investors seek exposure to critical minerals aligned with national security interests. 'Listing on NASDAQ provides access to an extensive global investor base including many institutional investors, which are many times prohibited from investing on various other exchanges. This increased visibility and credibility can materially enhance liquidity and facilitate more streamlined capital raising activities,' Hunter Diamond, CFA Diamond Equity Research said. 'The recent offtake agreement is a significant event for shareholders, as this agreement increases the predictability of revenue and cash flows -key drivers of investor confidence,' he continued. 'The acceptance of a floor pricing model in the critical defense supply chain of the U.S. signals the confidence the buyer has in the long-term delivery capacity and quality of the asset.' Stock performance and outlook Current price : C$2.35 : C$2.35 1-year return : +262.5 per cent : +262.5 per cent Since 2020: +337.74 per cent With production at Sangdong imminent, a NASDAQ listing on the horizon, and a strategic offtake agreement in place, Almonty is in a stable position for continued growth. A strategic raw material, a smart investment Almonty Industries is more than a mining company – it's a strategic asset in the West's effort to secure critical mineral independence. The recent offtake agreement with TPW and Metal Tech points to its role in the defense supply chain, while the upcoming NASDAQ listing could unlock significant shareholder value. For investors, the message is clear: those who control tungsten will control the future of defense and technology. Almonty offers a rare opportunity to invest early in a company at the intersection of geopolitics, national security, and resource scarcity. Join the discussion: Find out what everybody's saying about this tungsten mining stock on the Almonty Industries Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. Disclosure: Diamond Equity Research LLC is being compensated by Almonty Industries, Inc. for producing research materials regarding Almonty Industries, Inc. and its securities, which is meant to subsidize the high cost of creating the report and monitoring the security, however the views in the report reflect that of Diamond Equity Research. Publicly disclosed fees in accordance with SEC rule 17(b) can be found on our disclosure page. This is sponsored content issued on behalf of Almonty Industries Inc., please see full disclaimer here.
National Post
07-05-2025
- Business
- National Post
Almonty Enters into Binding Offtake Agreement to Supply Tungsten Oxide Solely for U.S. Defense Applications
Article content TORONTO — Almonty Industries Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI) ('Almonty' or the 'Company'), a leading global producer of tungsten concentrate, today announced the execution of a binding Offtake Agreement with Tungsten Parts Wyoming, Inc. ('TPW'), a U.S.-based defense contractor, and Metal Tech ('MT'), a tungsten processor based in Israel. Article content Article content Under the agreement, TPW has committed to purchase a minimum of 40 metric tons of tungsten oxide per month from Almonty. All material supplied under the agreement is to be exclusively used in U.S. defense applications, including use in missile, drone, and ordnance systems. MT, acting as the designated processor, will convert the tungsten oxide into tungsten metal powder in Israel or the United States, with all processed material intended solely for TPW's U.S. defense production programs. Article content Deliveries will commence upon Almonty's initial production of tungsten oxide in commercially saleable quantities and will be subject to a hard floor price comparable with in-place existing floor prices, subject to grade-specific adjustments in accordance with the terms of the agreement, and with no cap on the upside. The agreement has an initial term of three years from the date of first delivery, subject to early termination, with automatic annual renewals thereafter. Article content Lewis Black, Chief Executive Officer of Almonty, said: 'This binding offtake agreement represents a significant milestone for Almonty, securing both predictable revenue through a defined hard floor price and long-term demand tied directly to U.S. defense programs. Beyond commercial certainty, the agreement ensures that our tungsten oxide will serve a strategic, high-value end-use – reinforcing Almonty's position as the key upstream supplier to the defense supply chain of the U.S. and its allies. It reflects our broader commitment to aligning production with national security priorities while delivering sustainable value to my fellow shareholders and is another customer of Almonty who is happy to commit to our hard floor pricing terms as a condition of supply.' Article content This agreement further positions Almonty as a strategic supplier of critical raw materials for national security and underscores the integration of an upstream supply with allied defense manufacturing capabilities. Article content Almonty Industries Inc. is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The company is currently mining, processing and shipping tungsten concentrate from its Panasqueira mine in Portugal. Its Sangdong tungsten mine in Gangwon Province, South Korea is currently under construction. The Sangdong mine was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China, and has significant upside potential from an underlying molybdenum deposit. Additional development projects underway include the Valtreixal tin/tungsten project in northwestern Spain and Los Santos Mine in western Spain. Further information about Almonty's activities may be found at and under Almonty's profile at Article content The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Article content Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Article content Certain information in this press release constitutes forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as 'estimate', 'project', 'belief', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' and the negative of these words or such variations thereon or comparable terminology. Forward-looking information or statements in this press release include matters relating to the quantity of tungsten oxide to be purchased under the Offtake Agreement and the price at which such purchases will be made, the applications in which the purchased tungsten oxide will be used, the processing of the tungsten oxide, the time at which deliveries are expected to commence, the term of the Offtake Agreement and the anticipated benefits of the Offtake Agreement for Almonty. These statements and information are based on management's beliefs, estimates and opinions on the date that statements are made and reflect Almonty's current expectations. Article content Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate ('APT') from which the sale price of Almonty's tungsten concentrate is derived, the risk that the Offtake Agreement may be terminated in accordance with its terms before the end of its initial term, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty's operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty's business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty's shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development, production and operations at Almonty's tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty's mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty's mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, and challenges related to global financial conditions. Article content Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of APT, the continuing ability to fund or obtain funding for outstanding commitments, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Article content Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Forward-looking statements are made as of the date of this press release. Except as required by applicable securities laws, Almonty does not undertake any obligation to publicly update any forward-looking statements. Article content Article content Article content Article content Article content Contacts Article content Company Contact Lewis Black Chairman, President & CEO +1 647 438-9766 info@ Article content Article content
Business Wire
07-05-2025
- Business
- Business Wire
Almonty Enters into Binding Offtake Agreement to Supply Tungsten Oxide Solely for U.S. Defense Applications
TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI) ('Almonty' or the 'Company'), a leading global producer of tungsten concentrate, today announced the execution of a binding Offtake Agreement with Tungsten Parts Wyoming, Inc. ('TPW'), a U.S.-based defense contractor, and Metal Tech ('MT'), a tungsten processor based in Israel. Under the agreement, TPW has committed to purchase a minimum of 40 metric tons of tungsten oxide per month from Almonty. All material supplied under the agreement is to be exclusively used in U.S. defense applications, including use in missile, drone, and ordnance systems. MT, acting as the designated processor, will convert the tungsten oxide into tungsten metal powder in Israel or the United States, with all processed material intended solely for TPW's U.S. defense production programs. Deliveries will commence upon Almonty's initial production of tungsten oxide in commercially saleable quantities and will be subject to a hard floor price comparable with in-place existing floor prices, subject to grade-specific adjustments in accordance with the terms of the agreement, and with no cap on the upside. The agreement has an initial term of three years from the date of first delivery, subject to early termination, with automatic annual renewals thereafter. Lewis Black, Chief Executive Officer of Almonty, said: 'This binding offtake agreement represents a significant milestone for Almonty, securing both predictable revenue through a defined hard floor price and long-term demand tied directly to U.S. defense programs. Beyond commercial certainty, the agreement ensures that our tungsten oxide will serve a strategic, high-value end-use – reinforcing Almonty's position as the key upstream supplier to the defense supply chain of the U.S. and its allies. It reflects our broader commitment to aligning production with national security priorities while delivering sustainable value to my fellow shareholders and is another customer of Almonty who is happy to commit to our hard floor pricing terms as a condition of supply.' This agreement further positions Almonty as a strategic supplier of critical raw materials for national security and underscores the integration of an upstream supply with allied defense manufacturing capabilities. About Almonty Almonty Industries Inc. is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The company is currently mining, processing and shipping tungsten concentrate from its Panasqueira mine in Portugal. Its Sangdong tungsten mine in Gangwon Province, South Korea is currently under construction. The Sangdong mine was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China, and has significant upside potential from an underlying molybdenum deposit. Additional development projects underway include the Valtreixal tin/tungsten project in northwestern Spain and Los Santos Mine in western Spain. Further information about Almonty's activities may be found at and under Almonty's profile at Legal Notice The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information Certain information in this press release constitutes forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology. Forward-looking information or statements in this press release include matters relating to the quantity of tungsten oxide to be purchased under the Offtake Agreement and the price at which such purchases will be made, the applications in which the purchased tungsten oxide will be used, the processing of the tungsten oxide, the time at which deliveries are expected to commence, the term of the Offtake Agreement and the anticipated benefits of the Offtake Agreement for Almonty. These statements and information are based on management's beliefs, estimates and opinions on the date that statements are made and reflect Almonty's current expectations. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate ("APT") from which the sale price of Almonty's tungsten concentrate is derived, the risk that the Offtake Agreement may be terminated in accordance with its terms before the end of its initial term, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty's operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty's business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty's shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development, production and operations at Almonty's tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty's mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty's mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, and challenges related to global financial conditions. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of APT, the continuing ability to fund or obtain funding for outstanding commitments, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Forward-looking statements are made as of the date of this press release. Except as required by applicable securities laws, Almonty does not undertake any obligation to publicly update any forward-looking statements.
