Welcome to our dedicated page for Almonty Industri news (Ticker: ALM), a resource for investors and traders seeking the latest updates and insights on Almonty Industri stock.
Almonty Industries Inc. (NASDAQ: ALM) generates frequent news flow tied to its role in the tungsten sector and its portfolio of mining assets across multiple jurisdictions. Company announcements highlight operational milestones at the Sangdong Mine in South Korea, where Almonty has reported the start of active mining operations and the delivery of the first ore to the run-of-mine pad as it moves from development toward commercial production of tungsten concentrate.
News releases also cover developments at the Panasqueira Mine in Portugal, including the launch of a large-scale drilling program designed to define mine plans for a new production level and to support potential increases in annual output and mine-life extension. In North America, Almonty has reported the acquisition of 100% ownership of the Gentung Browns Lake Tungsten Project in Montana, describing it as an advanced undeveloped tungsten asset that strengthens U.S. domestic supply capabilities.
Investors following ALM news will see updates on capital markets activity, such as upsized underwritten offerings of common shares in the United States and the subsequent voluntary withdrawal of a base shelf prospectus and related registration statement after a major financing was completed. These items provide context on how the company funds exploration, development, and expansion across its projects.
Almonty’s news flow also includes management and governance changes, including the appointment of a Chief Operating Officer with extensive U.S. Army logistics experience and a Chief Development Officer with a long background in financial and capital markets roles. Together with disclosures about offtake agreements and early warning reports from significant shareholders, the ALM news page offers a consolidated view of operational progress, financing decisions, and corporate leadership developments affecting the company’s tungsten-focused strategy.
Almonty (NASDAQ: ALM) reported the start of active mining at the Sangdong tungsten mine in December 2025 and framed a long-term plan to anchor Western tungsten supply chains. Key disclosed items include binding hard-floor offtake agreements for U.S. defense applications, a vision to supply at least 40% of non-China tungsten, tungsten price appreciation of +160% in 2025, and completed U.S. listings and financings raising approximately US$219.4 million in 2025. The company acquired the Gentung Browns Lake project in Montana and set 2026 milestones targeting Phase II completion at Sangdong in 2027 and production readiness at Gentung by H2 2026.
Almonty (NASDAQ: ALM) appointed Guillaume Wiesenbach de Lamaziere, CFA as Chief Development Officer effective January 6, 2026.
Guillaume brings over 30 years of financial and capital markets leadership, including roles as CEO/COO/CFO at AIG Asset Management Europe and Banque AIG, where he oversaw consolidation of $37 billion AUM, reduced a derivatives/structured portfolio from $300 billion to $1 billion, and returned $2 billion capital to the parent company. Almonty says his experience will support governance, disciplined capital allocation, and corporate development as the company advances operations at Sangdong and develops Panasqueira, Sangdong molybdenum, and Gentung Browns Lake projects.
Deutsche Rohstoff AG disclosed an early warning that its stake in Almonty Industries (NASDAQ: ALM) has fallen below 10% on a fully-diluted basis after Almonty closed a public financing on December 10, 2025. Deutsche Rohstoff continues to beneficially own 20,440,091 shares plus CDIs and debentures convertible into 5,666,077 shares. Before the financing this equated to ~8.67% non-diluted and 10.81% fully-diluted; after the financing the stake is ~7.97% non-diluted and 9.96% fully-diluted.
The company says it did not buy or sell securities and may adjust its holding in future; it will stop filing insider reports except as required by law. An early warning report was filed on SEDAR+ with further details.
Almonty (NASDAQ: ALM) announced the first truckload of ore was delivered to the ROM pad at the Sangdong tungsten mine on December 16, 2025, marking a transition from development toward commercial tungsten concentrate production.
The ROM placement validates haulage, stockpiling by grade, and operator workflows and clears the way for commissioning of crushing, grinding and flotation circuits. After processing-stage verification the project will enter production stabilization and a ramp toward full-scale commercial operation. Management highlighted Sangdong's role in diversifying a market where China supplies more than 80% of global tungsten and noted planned downstream assets including a tungsten oxide plant and molybdenum development as part of a strategic "Korean Trinity."
Almonty Industries (NASDAQ: ALM) announced the voluntary withdrawal of its short form base shelf prospectus dated October 31, 2025 and the corresponding Form F-10 registration statement on December 15, 2025. The company said it is withdrawing the documents because, after the successful completion of an upsized US$129,375,000 public offering of common shares in the United States, it does not intend to complete further offerings under the withdrawn prospectus or registration statement.
Almonty Industries (NASDAQ: ALM) closed an upsized underwritten offering, including full exercise of the over-allotment option, raising aggregate gross proceeds of US$129,375,000. The company sold 20,700,000 Common Shares at a public offering price of US$6.25 per share.
Underwriters were led by BofA Securities with Cantor Fitzgerald, D.A. Davidson and A.G.P./Alliance Global Partners. Net proceeds are intended to fund exploration and development at Gentung Browns Lake, expansion at Panasqueira, exploration at Sangdong Molybdenum, and for working capital and general corporate purposes. The company says it has no present intention to complete further capital raises under its base prospectus and intends to withdraw the base prospectus.
Almonty Industries (NASDAQ: ALM) priced an upsized underwritten U.S. offering of 18,000,000 common shares at US$6.25 per share for gross proceeds of US$112,500,000, with a 30‑day over‑allotment option for up to 2,700,000 additional shares. The offering is expected to close on or about December 10, 2025, subject to customary conditions. Proceeds are intended to fund exploration and development at Gentung Browns Lake, expansion at Panasqueira, exploration at Sangdong molybdenum, and for working capital and general corporate purposes. The offering is being made via a Form F-10 registration statement and prospectus supplement filed in Canada and with the SEC.
Almonty (NASDAQ: ALM) announced a proposed public offering in the United States of 15,000,000 common shares with an underwriters' option for an additional 2,250,000 shares, and filed a preliminary prospectus supplement on December 8, 2025. The Registration Statement and supplement were filed under the Canada/United States Multi-Jurisdictional Disclosure System and are available on SEDAR+ and EDGAR.
The company said net proceeds are intended to fund exploration and development at Gentuk Browns Lake, expansion at Panasqueira, exploration at Sangdong molybdenum, and for working capital and general corporate purposes. Pricing will be set in the market and the Offering is subject to market conditions and customary closing conditions.
Almonty (NASDAQ: ALM) appointed Brigadier General (Retired) Steven L. Allen as Chief Operating Officer on December 1, 2025.
General Allen brings 33 years of U.S. Army leadership in sustainment and logistics and has held roles including Commanding General of the 19th Expeditionary Sustainment Command and Director of Logistics for U.S. Forces Korea. The company said he will optimize tungsten deliveries at Sangdong and Panasqueira and accelerate development of the Sangdong Molybdenum Project and Gentung Browns Lake Project.
The appointment underscores a strategic focus on operational leadership to support commissioning and global logistics for Almonty’s mining operations.
Almonty (NASDAQ: ALM) completed the 100% acquisition of the Gentung Browns Lake tungsten project in Beaverhead County, Montana, adding an advanced undeveloped U.S. asset to its global portfolio.
Key facts: NI43-101 resources of 7.53 Mt @ 0.315% WO3 (0.10% cut-off, effective Feb 2012), metallurgy >90% tungsten recovery, infrastructure on site, and initial design output of ~140,000 MTUs/year. The company is targeting potential production readiness by H2 2026.
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