Recent Updates — ALM
Almonty Industries Inc. announced that management will host its 2026 Investor Day via live webcast at 9:00 a.m. Eastern time on Monday, October 19, 2026. The event will feature a comprehensive overview of the global tungsten market and pricing environment, followed by mine-by-mine operational updates across the Company’s portfolio. Executive management and regional operating teams will discuss the commercial operation of Sangdong, Phase II expansion progress, and short-cycle supply programs at Los Santos and Rwanda. Almonty Industries Inc. is a leading supplier of conflict-free tungsten concentrate for defense and advanced technology sectors.
Almonty Industries Inc. reports that Pure Tungsten Inc. has published a clarification on its website regarding Mr. Tiger Kim’s prior involvement with the company, following legal proceedings commenced by Almonty in October 2025. The corrective disclosure confirms that Mr. Kim never held any executive, officer, or director position at Almonty and that his limited role as an independent contractor ended on December 31, 2015. This settlement resolves allegations made by Pure Tungsten that had incorrectly stated Mr. Kim served as a Representative Director of the Sangdong Mine from 2010 to 2020. Almonty Industries Inc. is a leading global producer and supplier of conflict-free tungsten concentrate, critical for defense and advanced technology sectors.
Almonty Industries Inc. received final mining facility inspection certificates on September 17, 2026, authorizing commercial operation of the Sangdong processing plant and crushing facilities in South Korea. This certification marks the transition from trial operations to full commercial production of tungsten concentrate for domestic and export markets. The company has substantially contracted its Phase I output under an amended long-term offtake agreement with Global Tungsten & Powders LLC, extending the term to 21 years and increasing total contracted volume to 4,410,000 metric tonne units, covering over 90% of Phase I production. Almonty Industries Inc. is a global producer of tungsten concentrate.
Almonty Industries Inc. signed a multi-year, take-or-pay tungsten concentrate supply agreement with Wolfram Bergbau und Hütten AG (WBH), a subsidiary of the Sandvik Group. The deal covers the retreatment of existing tailings at the Los Santos Mine in Spain to produce approximately 1,720 tonnes of contained WO₃. Almonty received a conditional one-time upfront payment of US$3.0 million for offtake rights and will share financial requirements to reactivate the processing plant. WBH gains a non-Chinese EU-origin feed source for its smelter in Austria. The agreement supports the restart of the Los Santos Mine, which has been in care and maintenance since February 2020, providing an expedited supply solution ahead of new US defense procurement restrictions effective January 1, 2027. Almonty Industries Inc. is a leading global producer of tungsten concentrate for defense and advanced technology sectors.