Almonty Industries Nears Key Production Milestones Across Two Continents

Almonty Industries advances Sangdong mine in Korea and Montana project in the US, targeting 2026 production starts amid Western push for critical mineral security.

Almonty Industries is accelerating the development of its global tungsten operations, with significant progress reported at its flagship project in Asia and a newly acquired asset in North America. This strategic push aligns with a broader geopolitical shift, as Western governments actively seek to secure supply chains for critical minerals.

Operational Momentum in South Korea

The company’s Sangdong tungsten mine in South Korea has transitioned from construction to initial operations. A key milestone was achieved in December 2025 when the first truckload of ore was delivered to the run-of-mine stockpile. This event marks a concrete step toward steady output.

Commercial production at Sangdong is slated to commence in the first quarter of 2026. A subsequent expansion phase is already planned for 2027. Upon reaching full capacity, the operation is positioned to become one of the largest and longest-life tungsten mines outside of China.

Establishing a Foothold in the United States

Concurrently, Almonty is advancing its second strategic pillar: the Gentung-Browns Lake project in Montana, USA. This asset is scheduled to begin production in 2026. The development is part of a concerted effort to re-establish a domestic source of tungsten within the United States, reducing reliance on foreign suppliers.

Strategic Tailwinds and Market Confidence

This operational progress occurs within a favorable policy environment. Initiatives like the U.S. government's "Project Vault" aim to build strategic reserves and strengthen supply chains for critical materials, including tungsten—a metal vital for defense and semiconductor applications.

Almonty has moved to translate this political priority into tangible demand. The company has secured long-term offtake agreements targeting applications for the U.S. defense industry, thereby providing greater visibility for its future production.

Market sentiment has reflected this positive momentum. The company's shares recently touched a new 12-month high. To fund its growth phase, Almonty conducted capital raises in 2025, securing funds necessary for the production ramp-up.

Investor attention now focuses on two imminent catalysts: the scheduled start of commercial production at Sangdong in Q1 2026, and the parallel timeline for production initiation at the Montana project later in the same year.