Almonty Industries Inc. reports developments tied to tungsten production, mine commissioning, critical-minerals supply chains, and capital markets activity. The company produces tungsten concentrate and has operations and projects including the Sangdong Tungsten Mine in South Korea, the Panasqueira tin and tungsten mine in Portugal, the Valtreixal tin and tungsten project in Spain, and the Gentung Browns Lake Tungsten Project in Montana.
Recurring coverage includes Sangdong operating milestones, financial results affected by tungsten APT pricing, offtake and contract activity, acquisitions and project development, exchange listings and financings, and governance changes. Almonty news also appears in broader critical-minerals coverage because tungsten is used in defense, aerospace, electronics, and advanced technology supply chains.
Almonty Industries (ALM) will host its 2026 Investor Day via live webcast on October 19, 2026, with operational updates.
The presentation begins at 9:00 a.m. Eastern time. Executive management and regional operating teams will discuss tungsten markets and pricing, provide mine-by-mine updates, and explain how the balance sheet supports planned growth. Sangdong is commercially operational, Phase II is moving forward, and short-cycle supply programs have been added at Los Santos and Rwanda. A replay will be available through the webcast link.
Summary not available.
Almonty (ALM) has produced its first tungsten concentrate at Sangdong and begun Phase II development at the South Korean mine.
The Phase 1 mill runs 13 hours a day, seven days a week, with a move to round-the-clock operation planned over the coming days. An on-site stockpile holds approximately 4.6 months of material. The company expects Phase II completion in 2027, with capacity of up to 1.2 million tonnes per annum and potential output of over 460,000 MTU annually.
Almonty signed a multi-year, take-or-pay agreement covering at least approximately 1,720 tonnes of contained WO₃ recoverable from Los Santos tailings in Spain. It formed Almonty Rwanda with Rwanda’s government, which will hold 25% in exchange for a tungsten exploration concession and mineral processing license. Almonty has repurchased 2,914,739 shares for cancellation for approximately US$48 million under its existing program.
Almonty Industries (ALM) received final mining facility inspection certificates on September 17, 2026, authorizing commercial operation of its Sangdong processing and crushing facilities in South Korea.
This certification fulfills the last administrative requirement before commercially processing tungsten ore into saleable concentrate for domestic and export markets, moving Phase I of Sangdong into commercial production. Almonty’s long-term offtake agreement with Global Tungsten & Powders LLC was amended in July 2026 to extend the term to 21 years from first delivery and increase total contracted volume to 4,410,000 MTU, with minimum contracted volumes of 210,000 MTU per year after ramp-up. The agreement covers more than 90% of Sangdong’s Phase I production.
Almonty (ALM) signed a multi-year, take-or-pay tungsten concentrate offtake agreement with Sandvik Group subsidiary Wolfram Bergbau und Hütten AG (WBH), covering recycled material from the Los Santos Mine tailings in Spain.
The contract includes a conditional, one-time upfront payment of US$3.0 million for offtake rights and commits WBH to purchase a minimum of about 1,720 tonnes of contained WO₃ recovered from retreatment of existing tailings. Material will come from the planned restart of the Los Santos processing plant, which has been on care and maintenance since February 2020. For Almonty, the deal secures a defined route to market and customer capital to help reinstate the plant; for WBH, it adds a documented non-Chinese, European Union origin feed source to its Austrian smelter ahead of tighter U.S. defense procurement rules taking effect on January 1, 2027.
Almonty (ALM) formed a strategic tungsten partnership with the Government of Rwanda, which will receive a 25% equity stake in Almonty Rwanda in exchange for the Shyorongi exploration concession and a mineral processing license.
Almonty will retain 75% of Almonty Rwanda. The platform is designed to aggregate ore, pre-concentrate and panning tailings from Rwandan mining license holders, including small-scale operators, for export or upgrading, providing near-term material ahead of full development at Shyorongi. A mobile tailings processing unit is planned to operate near existing tailings dams, with lower-grade material shippable to Almonty’s existing facilities.
A future centralized collection and processing plant in Rwanda is contemplated, subject to a binding investment and development agreement. The partnership aligns with the 2025 U.S.-Rwanda Framework for Shared Economic Prosperity and upcoming U.S. defense procurement rules tightening traceability requirements for tungsten from 2027.
Almonty (NASDAQ: ALM) announced that its board has approved a new 2026 Share Repurchase Program authorizing the company to buy back up to 14,400,000 common shares, or about 5% of outstanding shares as of August 14, 2026. The aggregate purchase price may be up to US$300,000,000.
The program will run for 36 months, from August 24, 2026 to August 24, 2029, with purchases permitted on Nasdaq and alternative trading systems at market prices, as well as other methods allowed under Canadian and U.S. securities laws, including Rule 10b-18 safe harbor. Almonty may use Rule 10b5-1 automatic share purchase plans to continue repurchases during blackout periods. The company emphasized that the number and timing of repurchases will be determined by Almonty and that the program may be amended, suspended, or discontinued subject to applicable laws.
Almonty Industries (Nasdaq: ALM) reported second quarter 2026 revenue of $43.0 million, up 498% year-over-year, driven mainly by sharply higher tungsten APT prices. Income from mining operations was $26.1 million versus a loss of $0.9 million a year earlier, and Adjusted EBITDA rose to $17.6 million from negative $4.8 million.
Net income reached $181.8 million (diluted EPS $0.62), largely reflecting $173.1 million in net non-cash gains from revaluation of derivative and warrant instruments. Almonty closed an oversubscribed US$800 million 2.25% convertible senior notes offering, lifting cash to $1.23 billion. The Sangdong Mine remains in commissioning, and an amended GTP offtake deal extends term by six years, boosts volumes by 40% and improves pricing by about 6.3%. The company also joined the Russell 1000 and 3000 indices.
Almonty (Nasdaq: ALM) has obtained ASX approval to be removed from the ASX official list under Listing Rule 17.11. The delisting is expected on 1 September 2026, with CHESS depositary interests (CDIs) suspended from trading on 28 August 2026. The move follows the company’s decision to delist from the TSX effective 31 July 2026.
Almonty cites low and declining ASX trading volumes, with CDIs representing about 0.80% of issued shares and only 0.32–0.47% of daily volume versus Nasdaq and TSX. CDI holders can convert CDIs into shares on Nasdaq, sell on ASX before suspension, or use Voluntary (8 September–6 November 2026) and Compulsory Sale Facilities (9 November–9 December 2026). Post-delisting, shares will continue trading on Nasdaq (ALM) and the Frankfurt Stock Exchange (ALI1).
Almonty (NASDAQ: ALM) will voluntarily delist its common shares from the Toronto Stock Exchange at the close of trading on July 31, 2026. After the delisting, the shares will no longer trade on the TSX but will continue trading on the Nasdaq Capital Market under the symbol ALM.
According to Almonty, most daily trading volume already occurs on Nasdaq, and eliminating the TSX listing is intended to reduce financial, administrative and compliance costs. Under Subsection 720(b) of the TSX Company Manual, shareholder approval is not required because Nasdaq provides an alternative market. Canadian shareholders can generally trade ALM through brokers that access Nasdaq.