Almonty Industries Reaches Key Milestone with Production Launch and Capital Raise

Almonty CA0203981034

Almonty Industries has achieved two significant objectives that mark a pivotal moment in its corporate trajectory. The company has formally transitioned its Sangdong mine into commercial production while simultaneously strengthening its balance sheet through a major financing, alleviating near-term concerns over shareholder dilution. The market's response to this dual announcement of operational execution and financial fortification has been notably positive.

Investors have welcomed the developments, driving Almonty's share price notably higher. The stock is currently trading at 10.07 CAD, reflecting a substantial gain of 8.05% over the past 24-hour period. Trading volume has seen a significant uptick as the market begins to price in the implications of the company's progress.

Key Data Points:
* Current Share Price: 10.07 CAD (+8.05%)
* Operational Milestone: First ore delivery to the Run-of-Mine (ROM) pad at the Sangdong mine.
* Financing: Completion of a public offering totaling 129.375 million US dollars (approximately 180 million CAD).
* Capital Structure: Voluntary withdrawal of the base shelf prospectus dated October 31, 2025.

Commercial Mining Commences at Major Tungsten Deposit

The company has confirmed that ore has been delivered to the ROM pad at its Sangdong operation in South Korea for the first time. This event formally moves the project from the development phase into active commercial mining.

This step represents the culmination of a central catalyst in Almonty's investment narrative. Sangdong is recognized as one of the world's largest tungsten deposits and is strategically important for diversifying supply chains away from China. The initial ore delivery serves as tangible proof that the project is advancing according to plan, thereby reducing key execution risks associated with the venture.

Financing Completed, Providing Capital Clarity

Alongside this operational progress, Almonty has successfully restructured its financing. The company completed an upsized public placement raising gross proceeds of 129.375 million US dollars. As part of this transaction, 20.7 million shares were issued at a price of 6.25 US dollars per share.

Following this capital infusion, management has voluntarily withdrawn its base shelf prospectus, signaling that no further equity financings are planned under that prospectus in the near term. This move eliminates a short-term overhang of potential dilution, a factor that often weighs on share price performance in the junior mining sector.

Strategic Context and Forward Outlook

These advancements occur as tungsten is increasingly classified as a critical raw material for defense and high-tech applications, underscoring the strategic value of establishing production capacity outside of China.

Almonty is also expanding its project pipeline beyond Sangdong. The company has advanced its expansion into the United States with the acquisition of the Gentung Browns Lake Tungsten Project in Montana.

For shareholders, the immediate focus now shifts to the continued ramp-up of processing facilities and the commencement of first commercial shipments. The confirmed start of mining operations validates the project's established timeline and provides a fundamental basis for the recent positive movement in the company's share price.