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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) commenced a large-scale drilling program at its Panasqueira Mine in Portugal on November 3, 2025 to define a mine plan for a new production area called Level 4. The program will use three rigs for approximately 14,000 meters of surface and underground diamond drilling over an expected 12-month period with an estimated investment of €2.5 million.
Objectives include supporting an increase in annual output, a potential extension of mine life, updating the resource model, and calculating new inferred resources to guide future production planning.
Almonty Industries (NASDAQ: ALM) reported third quarter 2025 results with revenue of $8.7M (up 28% year-over-year) and cash of $111.6M as of September 30, 2025. Construction at the Sangdong project is stated as substantially complete with ramp-up underway and final commissioning expected in the near term. The company recognized $34.5M gain on warrant liability revaluation after re-denominating certain CDI options, driving reported net income of $33.2M (diluted EPS $0.13). Adjusted EBITDA was a loss of $2.2M. Almonty completed a Nasdaq listing and a US public offering that raised gross proceeds of US$90M, and acquired a US tungsten project in Montana for US$10M.
Almonty (NASDAQ: ALM) agreed to acquire exclusive rights to the Gentung Browns Lake Tungsten Project in Beaverhead County, Montana for total consideration of US$9,750,000 (US$750,000 cash plus US$9,000,000 in common shares). The company also agreed to buy a Montana corporation holding a plant permit, water rights and tungsten equipment for US$250,000. The project is described as advanced and positioned for near-term production as early as H2 2026. Closings are expected on or about October 31, 2025 and remain subject to customary conditions and stock exchange approval.
Almonty (NASDAQ: ALM) filed a preliminary short form base shelf prospectus with Canadian regulators and a corresponding Form F-10 registration statement with the SEC under the Canada/US MJDS on October 22, 2025. Once the final shelf prospectus receipt is issued and the registration statement is effective, the company may offer preferred shares, debt, warrants, subscription receipts, common shares and units (collectively, Qualified Securities) during a 25-month effective period.
The filing is intended to provide flexibility to access capital; no agreements to issue Qualified Securities currently exist, and offerings cannot occur until regulatory receipts/effectiveness are obtained. Copies are available on SEDAR+ and EDGAR.
Summary not available.
Almonty Industries (NASDAQ: ALM), a global tungsten concentrate producer, held a special shareholders' meeting to approve currency amendments for outstanding options and warrants. The company sought to change the exercise currency of 6,558,336 CDI Options from Australian dollars and 1,481,480 Warrants from US dollars to Canadian dollars.
The amendments received overwhelming shareholder support, with the CDI Option Amendment securing 99.31% approval and the Warrant Amendment gaining 99.51% approval. Currently, 74.61% of CDI Option holders and 100% of Warrant holders have consented to the changes. The modifications aim to eliminate accounting distortions arising from using different currencies than the company's functional currency (CAD).
Almonty Industries (NASDAQ: ALM) has launched a significant drilling program at its Sangdong Molybdenum Project in South Korea, planning 26 drill holes covering 11,700 meters of underground space. The initiative responds to South Korea's critical molybdenum supply shortage, with molybdenum prices rising 15.1% year-to-date to US$25.97 per pound.
The company aims to verify previously identified mineralized structures and potentially establish mineral reserves. Almonty has an exclusive supply agreement with SeAH M&S to provide 100% of the molybdenum production for the mine's lifetime. The project complements the company's Sangdong Tungsten Mine, which is currently preparing for Phase I production.
Almonty Industries (NASDAQ: ALM) has been selected for the 2025 TSX30™, recognizing it among the top 30 performing TSX-listed stocks over a three-year period. The company, a leading global tungsten producer, achieved significant milestones including a US$90 million Nasdaq IPO and redomiciling to the United States.
Key developments include securing a strategic offtake agreement with SeAH Group for 100% of future molybdenum production from the Sangdong Project at a US$19.00 per pound floor price. The company received recognition from the U.S. House Select Committee for its role in strengthening critical minerals supply chains and participated in DARPA's Critical Minerals Forum, positioning itself as a crucial Western supplier of tungsten for U.S. defense and technology sectors.
Almonty Industries (NASDAQ: ALM) has been selected for the prestigious 2025 TSX30™, recognizing it among the top 30 performing TSX-listed stocks based on three-year dividend-adjusted share price appreciation. The company, a leading Western tungsten producer, has achieved significant milestones including a US$90 million Nasdaq IPO and redomiciling to the United States.
Key developments include securing a strategic offtake agreement with SeAH Group for 100% of molybdenum production from the Sangdong Project at a US$19.00 per pound floor price, and receiving recognition from the U.S. House Select Committee for its role in strengthening critical minerals supply chains. The company's Sangdong Mine in South Korea is approaching first production, positioning Almonty as a crucial supplier for U.S. defense and technology sectors.
Almonty Industries (NASDAQ: ALM), a global tungsten concentrate producer, has announced a special shareholders meeting on September 29, 2025, to vote on currency amendments for certain convertible securities. The company seeks to change the exercise currency of 1,481,480 warrants from USD and 6,558,336 CDI options from AUD to Canadian dollars.
The proposed amendments aim to eliminate accounting distortions caused by having securities exercisable in non-functional currencies. Due to current accounting requirements, these securities are classified as derivative financial liabilities, resulting in a non-cash loss of C$63,894,000 for H1 2025 when the stock price rose from C$1.37 to C$6.72. The changes would allow these instruments to be recognized as equity, providing more accurate financial statements.
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