Almonty, Industries

Almonty Industries Transitions to Producer with Key Mine Launch

02.02.2026 - 11:32:04

The lengthy development phase has concluded, marking a pivotal operational shift for Almonty Industries. The company has formally commenced production at its Sangdong tungsten mine in South Korea, transitioning from a pure-play developer to an active producer. This move carries significant strategic weight, given the escalating geopolitical tensions surrounding tungsten, a critical mineral.

Almonty Industries Transitions to Producer with Key Mine Launch - Foto: über boerse-global.de
Almonty Industries Transitions to Producer with Key Mine Launch - Foto: über boerse-global.de

With the first ore shipment already slated for December 2025, the company’s immediate focus for this year is squarely on ramping up to full commercial output under Phase 1. In a shareholder letter dated January 20, CEO Lewis Black reaffirmed this ambitious timeline. The overarching objective is for Sangdong to become one of the largest sources of tungsten outside China, thereby reducing Western industrial reliance on Asian Read more...

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