Almonty Industries Inc.

Almonty Industries Inc. is an American-Canadian international mining company primarily engaged in the extraction and development of tungsten resources. The company specializes in acquiring and optimizing distressed and underperforming tungsten operations and assets. Its mission is to be a leading global producer of tungsten concentrate, providing a reliable alternative source to global markets and contributing to a Western tungsten supply chain independent of Chinese dominance. The company's corporate headquarters are located in Dillon, Montana, United States, following a relocation from Toronto, Ontario, Canada in April 2026.

Almonty's key products include tungsten concentrates, along with tin, copper, and molybdenum concentrates. The Sangdong Mine is also set to produce high-grade ammonium paratungstate (APT). The company's services encompass the mining, processing, and shipping of these concentrates, as well as exploration for new deposits. Almonty serves global end markets for tungsten and related products, which are critical for hardmetals, tooling, drilling, manufacturing, mining, oil and gas, industrial tools, and defense and advanced technology industries. Its operational footprint includes projects in Spain (Los Santos, Valtreixal), Portugal (Panasqueira Mine), South Korea (Sangdong Mine, Sangdong Molybdenum Project), and the United States (Gentung-Browns Lake project).

Recent notable developments for Almonty Industries include the commencement of processing operations at its Sangdong Mine in South Korea in July 2026, marking a significant transition to saleable tungsten concentrate production. In the same month, the company joined the Large-Cap Russell 1000® Index and Broad-Market Russell 3000® Index. Almonty also provided an update on its large-scale drilling program at the Sangdong Molybdenum Project and closed an oversubscribed US$700 million convertible senior notes offering in June 2026. Lewis Black serves as the Chairman, President, and Chief Executive Officer, with Brian Fox appointed as Chief Financial Officer in July 2025. Almonty is positioned as a leading global producer and the largest tungsten mining company outside of China, with the Sangdong Mine projected to supply approximately 40% of non-Chinese tungsten once fully operational.