Almonty Industries Inc stock (CA0203987072): New CFO named as tungsten miner scales Sangdong mine

Almonty Industries Inc has appointed Jorge Beristain as its new CFO, effective June 1, 2026, as the tungsten miner ramps up its flagship Sangdong mine in South Korea.

Almonty Industries Inc has named Jorge Beristain as its new Chief Financial Officer, effective June 1, 2026, as the company prepares to scale output from its flagship Sangdong tungsten mine in South Korea. The appointment follows the departure of former CFO Brian Fox and positions Almonty to manage a more complex capital and project?financing environment as it expands operations in Portugal, Spain and the United States. The move was disclosed in a recent 6?K filing with the U.S. Securities and Exchange Commission and in a company announcement, underscoring the importance of financial leadership for a growth?stage mining firm listed on Nasdaq and the Toronto Stock Exchange. StockTitan as of 05/08/2026

As of: 08.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Almonty Industries Inc
• Sector/industry: Mining and metals, tungsten
• Headquarters/country: Toronto, Canada
• Core markets: Global tungsten supply for defense, electronics and industrial applications
• Key revenue drivers: Sangdong tungsten mine (South Korea), Los Santos mine (Spain), Panasqueira mine (Portugal), Valtreixal project (Spain)
• Home exchange/listing venue: Toronto Stock Exchange (TSX: AII); Nasdaq (ALM); ASX (AII); Frankfurt (ALI1)
• Trading currency: CAD, USD, EUR, AUD depending on listing

Almonty Industries Inc: core business model

Almonty Industries Inc operates as a global tungsten mining and exploration company, focusing on the production and shipment of tungsten concentrate used in high?value industrial, defense and advanced technology applications. The company positions itself as a conflict?free supplier of tungsten, a critical mineral that is subject to geopolitical scrutiny due to its importance in defense systems, aerospace components and electronics. Almonty’s strategy centers on owning and operating mines and projects in politically stable jurisdictions while targeting long?term offtake agreements with industrial customers. Almonty Industries website as of 05/08/2026

The company’s portfolio includes the Sangdong tungsten mine in Gangwon Province, South Korea, which is one of the largest known tungsten deposits in the world and is being ramped up to commercial production. In addition, Almonty holds interests in the Los Santos mine near Salamanca, Spain; the Panasqueira tin and tungsten mine in Portugal; and the Valtreixal tin and tungsten project in western Spain. These assets give Almonty exposure to multiple European and Asian markets, while also supporting its positioning as a diversified tungsten producer rather than a single?asset junior miner. TipRanks as of 05/08/2026

Main revenue and product drivers for Almonty Industries Inc

Almonty’s primary revenue driver is tungsten concentrate produced from its Sangdong mine in South Korea, which is expected to become a major source of cash flow once full?scale operations are achieved. The company has highlighted Sangdong’s potential to supply a significant share of global tungsten demand, particularly from defense and high?tech sectors that require conflict?free, traceable raw materials. In addition to tungsten, some of Almonty’s assets, such as Panasqueira and Valtreixal, also produce tin, which can provide a secondary revenue stream and help diversify commodity exposure. Investing.com as of 05/08/2026

Outside of Korea, the Los Santos mine in Spain and the Panasqueira mine in Portugal contribute to Almonty’s current production base, while the Valtreixal project in western Spain represents a longer?term growth option. The company also points to exploration and development activities in the United States as part of its broader strategy to secure tungsten resources in North America, a region where supply chains for critical minerals are under increasing policy focus. These projects collectively underpin Almonty’s narrative of being a vertically integrated tungsten?focused miner with exposure to multiple jurisdictions and end?markets. Almonty Industries website as of 05/08/2026

Conclusion

Almonty Industries Inc’s appointment of Jorge Beristain as CFO reflects the company’s transition from an exploration? and development?stage miner toward a more mature, multi?asset producer with a growing capital and project?financing profile. The focus on scaling the Sangdong mine in South Korea, while maintaining operations in Portugal and Spain, places Almonty at the center of global efforts to secure conflict?free tungsten supply for defense and advanced technology sectors. For investors, this shift implies both higher operational complexity and potentially greater visibility into cash flows as production ramps up. StockTitan as of 05/08/2026

At the same time, Almonty remains exposed to commodity?price volatility, permitting and regulatory risks in multiple jurisdictions, and the capital?intensity of mining projects. The company’s listings on Nasdaq and the Toronto Stock Exchange give U.S. investors direct access to a tungsten?focused name that is tied to broader trends in critical minerals and supply?chain resilience. However, the stock’s performance will likely continue to be sensitive to project milestones, financing decisions and macroeconomic factors affecting industrial demand for tungsten. Investing.com as of 05/08/2026

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.