Almonty Industries Reaches Key Operational Milestone at Sangdong

Almonty CA0203981034

Almonty Industries has achieved a pivotal operational milestone, marking its transition from a developer to an active mining operator. The company has successfully delivered the first ore to the run-of-mine pad at its flagship Sangdong tungsten mine in South Korea, signaling the commencement of active extraction.

This initial ore delivery validates the functionality of the underground infrastructure, transport systems, and processing circuits under production conditions. Following this successful operational test, the project is now advancing to the crushing and flotation phases. The company confirms that its timeline remains firmly on track, with full commercial production still anticipated to begin in the late first quarter of 2026.

Strategically, the Sangdong operation is poised to become a crucial non-Chinese source of tungsten for Western markets. This development is significant given that China currently controls over 80% of global supply. The move is well-timed, occurring amid a market environment characterized by constrained worldwide supply meeting robust industrial demand. Furthermore, recent U.S. initiatives aimed at bolstering domestic production of critical minerals have generated additional sector-wide interest.

Key Project Details:

• Current Phase: Transition from construction to active mining
• Primary Asset: Sangdong Mine, South Korea
• Target: Commercial production by late Q1 2026
• Strategic Goal: Establishment as a major supplier outside of China

Scaling Operations and Future Growth

Almonty's primary focus for the current year is the systematic scaling of the Sangdong mine toward full operational capacity. Concurrently, the company is advancing other projects to build a diversified production portfolio.

At the Gentung Browns Lake project in Montana, the company is targeting production readiness for the second half of 2026. The molybdenum project at Sangdong also remains an integral component of its long-term growth strategy.

Having entered the active mining phase, Almonty's next challenge is to demonstrate a seamless scale-up of its processes. The company's near-term valuation will likely be influenced by its ability to adhere to the tight schedule leading to full commercial startup by the end of the first quarter of 2026.

@ boerse-global.de | CA0203981034 ALMONTY