Almonty Industries Inc. reports developments tied to tungsten production, mine commissioning, critical-minerals supply chains, and capital markets activity. The company produces tungsten concentrate and has operations and projects including the Sangdong Tungsten Mine in South Korea, the Panasqueira tin and tungsten mine in Portugal, the Valtreixal tin and tungsten project in Spain, and the Gentung Browns Lake Tungsten Project in Montana.
Recurring coverage includes Sangdong operating milestones, financial results affected by tungsten APT pricing, offtake and contract activity, acquisitions and project development, exchange listings and financings, and governance changes. Almonty news also appears in broader critical-minerals coverage because tungsten is used in defense, aerospace, electronics, and advanced technology supply chains.
Almonty (Nasdaq: ALM) reported Q1 2026 revenue of $25.4 million, up 221% year-over-year, driven by higher tungsten APT prices and strong Panasqueira Mine performance. Adjusted EBITDA was $6.1 million versus a loss in Q1 2025, and operating cash flow reached $9.7 million.
The company posted a net loss of $5.3 million, including $8.4 million in non-cash revaluation charges. Cash stood at $259.9 million with working capital of $169.5 million. Almonty commissioned its Sangdong mine and relocated its headquarters to Dillon, Montana.
Almonty (NASDAQ: ALM) announced CEO Lewis Black will present at the BofA Securities Global Metals, Mining & Steel Conference on May 13, 2026, in Miami and speak at the Critical Minerals Institute Summit 5 on May 14, 2026, in Toronto.
Almonty also launched a Canadian shareholder trip contest, offering two eligible long-term shareholders a fully hosted visit to its Sangdong tungsten mine in South Korea in late June to early July.
Western nations committed $12.1 billion to mining projects and partnerships at PDAC 2026 while OECD data shows global export restrictions on critical raw materials at record highs and >90% supply concentration for cobalt, lithium, and rare earths among top three producers. Key companies cited include NioCorp (NB), GoldHaven, Almonty, Brixton, and Energy Fuels with funding, permitting, high-grade drill results, legislative incentives, and first U.S. heavy rare earth oxide production reported.
Almonty Industries (Nasdaq: ALM) appointed Jorge Beristain, CFA, as Chief Financial Officer effective June 1, 2026, with Guillaume de Lamaziere serving as Interim CFO until then. The company expects its flagship Sangdong Mine to generate revenue in 2026 as Almonty scales production across South Korea, the United States, Portugal, and Spain.
Brian Fox departed as CFO effective immediately. Management highlights Beristain’s finance, capital markets, and mining-sector experience to support Almonty’s next growth phase.
Almonty Industries (NASDAQ: ALM) and peers are highlighted amid a widening critical‑metals supply crisis driven by Chinese export controls, surging tungsten processing prices and multi‑year silver deficits. The release details corporate moves: Almonty HQ relocation and Gentung restart, GoldHaven airborne survey and financing, high‑grade Brixton assays, Idaho Strategic lease, and Kingfisher drill targets.
Polymetallic silver projects attract strategic capital and exploration activity. The release highlights modern geophysics and financing for GoldHaven Resources, major drill results at Brixton, a robust PEA at Blackrock Silver, Almonty's US listings and financings, and Southern Silver's high‑grade assays. Key metrics include GoldHaven surface samples to 2,370 g/t Ag, tungsten to 6,550 ppm, a $1.72M flow‑through financing, Brixton's single sample of 82,334 g/t Ag, Blackrock's after‑tax NPV(5%) of US$437M (base case) and Almonty's US$90M IPO plus US$129M follow‑on.
Almonty Industries (Nasdaq: ALM) relocated its corporate headquarters from Toronto to Dillon, Montana, on April 13, 2026, aligning the company with U.S. strategic priorities and stakeholders.
The move follows Almonty’s July 2025 US$90 million IPO, December 2025 US$129 million follow-on financing, acquisition of the Gentung Tungsten Project expected to restart production this year, and governance additions of former U.S. Army generals to the board.
Almonty Industries (NASDAQ: ALM) reported Q4 and full-year 2025 results, highlighting the transition to active mining at Sangdong after first ore delivery to the ROM pad and a TTM APT price surge of +534% to US$2,250 per MTU.
Q4 revenue was $8.7M (+39% YoY), FY revenue $32.5M (+13% YoY), Q4 net loss $102.3M, FY net loss $161.9M, and cash totaled $268.4M following public offerings.
Almonty (NASDAQ: ALM) completed Phase 1 commissioning at the Sangdong Tungsten Mine in Gangwon Province, South Korea, returning the site to production after 30+ years. The Phase 1 plant is designed for 640,000 tonnes ore/year producing ~2,300 tonnes tungsten concentrate annually.
Phase 2 is planned for 2027 to expand processing to ~1.2 million tonnes ore/year (~4,600 tonnes concentrate). The project has >45 years expected mine life, an average grade of ~0.51% WO3, and Almonty invested over $100 million since 2015.
Couloir Capital updated research on Almonty Industries (NASDAQ: ALM), raising its long-term APT price assumption to US$800/MTU from US$450/MTU and updating fair value to C$19.30 (from C$7.69).
Sangdong entered active operations in December 2025 with a staged ramp to nameplate by 2027. The report maintains a HOLD rating while noting Panasqueira expansion, Sangdong moly reserve work, and Gentung Browns Lake development toward potential 2H26 readiness.