Exhibit
99.1

Almonty
Industries Establishes U.S. Corporate Headquarters, Reinforcing Role as America’s Tungsten Supplier
TORONTO
— April 13, 2026 — Almonty Industries Inc. (“Almonty” or the “Company”) (Nasdaq: ALM) (TSX: AII)
(ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten critical to U.S. defense and advanced technology industries, today
announced the relocation of its corporate headquarters from Toronto, Ontario, Canada to Dillon, Montana, United States.
The
relocation of its corporate headquarters reflects Almonty’s continued strategic alignment with the United States and its role in
supporting secure, transparent, and Western-aligned supply chains for critical materials. The move positions the Company closer to key
stakeholders, including U.S. government agencies, defense contractors and industrial partners, while reinforcing its commitment to becoming
the leading U.S.-aligned tungsten producer.
The
move follows Almonty’s Nasdaq listing and US$90 million oversubscribed IPO in July 2025, a US$129 million follow-on financing in
December 2025, and the acquisition of Montana’s Gentung Tungsten Project, expected to restart production this year.
Almonty
has also deepened its U.S. defense alignment through a strategic partnership with American Defense International, Inc., participation
in the Department of Defense-sponsored Critical Minerals Forum, and congressional recognition for strengthening critical mineral independence.
Further
underscoring its alignment with U.S. strategic priorities, Almonty has appointed former senior United States Army generals as directors,
bringing defense and national security expertise to support the Company’s role in securing critical mineral supply chains. The
Company continues to advance its strategy of strengthening non-Chinese tungsten supply chains amid increasing geopolitical focus on critical
minerals security.
Management
Commentary
Lewis
Black, Chairman, President and Chief Executive Officer of Almonty, said: “Relocating our headquarters to the United States is not
merely symbolic. It reflects who we are – as Montana is the location of our recently acquired Gentung Tungsten Project –
and where our future lies. Our investors, customers, and strategic partners are here because they recognize the urgency of building a
Western tungsten supply chain free from Chinese dependence. With Sangdong Phase 1 complete and Gentung on track to begin production,
we are delivering on that mission, and a U.S. home base ensures we remain at the center of it.”
About
Almonty
Almonty
(Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical
to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions,
and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and
highest-grade tungsten deposits, is expected to be a major contributor to the global non-China tungsten supply chain upon reaching full
capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions
by China. With established operations in Portugal and additional projects in the U.S. and Spain, Almonty is strategically aligned to
meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit
https://almonty.com.
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.
Cautionary
Note Regarding Forward-Looking Information
This
news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable
securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking
statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from
those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking
statements are typically identified by words such as “plan”, “development”, “growth”, “continued”,
“intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”,
“anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”,
“on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”,
“strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases
or statements that certain actions, events or results “may”, “could”, “would”, “might”
or “will” be taken, occur or be achieved.
Forward-looking
statements in this news release include, but are not limited to, statements concerning the expected timing and capacity of commercial
production at the Gentung Tungsten Project in Montana, the development of the Company’s other tungsten and molybdenum projects,
and the expected impact of tungsten market trends and prices on the Company’s operations. Forward-looking statements are based
upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future
results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate.
Key
assumptions upon which the Company’s forward-looking information is based include, without limitation, the expected timing and
capacity of commercial production at the Gentung Tungsten Project in Montana, the development of the Company’s other tungsten and
molybdenum projects, and the expected impact of tungsten market trends and prices on the Company’s operations. Forward-looking
statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the risks
identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026. 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 could 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. 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. Almonty has also assumed that material
factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the
list of these 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.
THE
FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE
AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND
SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION
AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
Company
Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com
Investor
Relations Contact
Lucas A. Zimmerman
Managing Director MZ Group - MZ North
America
(949) 259-4987
ALM@mzgroup.us
www.mzgroup.us