Almonty Industries Inc. reported second quarter 2026 financial results showing revenue increased 498% year-over-year to $43.0 million and net income reached $181.8 million compared to a loss of $58.2 million in the prior year period. The company closed an oversubscribed US$800 million convertible senior notes offering on June 9, 2026, bringing its cash position to C$1.2 billion as of June 30, 2026. Subsequent to quarter end, Almonty amended its long-term offtake agreement with Global Tungsten & Powders LLC to extend the term by six years, increase contracted volumes by 40%, and improve pricing by approximately 6.3%. The company also repaid its KfW term loan in full on July 15, 2026. Almonty Industries Inc. is a global producer of tungsten concentrate operating mines in South Korea, Portugal, Spain, and the United States.
