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 (NASDAQ: ALM) amended its long-term offtake agreement with Global Tungsten & Powders for Phase I tungsten concentrate from the Sangdong Mine in South Korea, extending the term from 15 to 21 years and increasing total contracted volume by 40% from 3.15 million to 4.41 million MTU.
According to Almonty, improved pricing raises the amount received per MTU by about 6.3%, lifting expected annual contract revenue at current APT prices by at least US$30 million and to around US$490 million. Minimum contracted volumes are 210,000 MTU per year after ramp-up, covering about 90% of Phase I output. The amendment follows the July 1, 2026 start of processing plant throughput as Sangdong ramps toward full capacity.
Almonty (NASDAQ: ALM) has begun processing operations at its Sangdong Mine in South Korea, moving from development to revenue-generating tungsten concentrate production. Initial plant feed draws on an approximately 139,700-tonne run-of-mine ore stockpile at a blended grade of about 0.25% WO₃.
According to Almonty, the contained tungsten in this stockpile represents roughly 2.6 months of Phase I throughput with an illustrative gross in-process value of about US$68 million at current prices. The company advanced 214.6 meters of underground development in Q2 2026.
Almonty Industries (NASDAQ: ALM), a global tungsten concentrate producer, has joined the Russell 1000 large-cap index and the Russell 3000 broad-market index, effective June 29, 2026.
Membership reflects Almonty’s market-cap ranking and may broaden exposure to index-tracking and benchmark-driven institutional investors.
Almonty Industries (NASDAQ: ALM) released an update on its large-scale drilling program at the Sangdong Molybdenum Project in South Korea. About 37% of 26 planned drill holes (≈12,000m total) are complete, with assays so far showing grades consistent with historical drilling.
The program aims to confirm molybdenum resources to support future project development amid a national molybdenum supply shortage. The molybdenum spot price has risen about 23.5% year over year to 592.34 CNY/kg.
Almonty (Nasdaq: ALM) closed a significantly oversubscribed private offering of 2.25% convertible senior notes due 2031 to qualified institutional buyers under Rule 144A.
The offering totals US$800 million in principal, including full over-allotment, generating approximately US$772.7 million in net proceeds to strengthen its balance sheet and fund the Sangdong Mine.
Almonty (NASDAQ: ALM) held its annual general meeting of shareholders on June 9, 2026.
Shareholders set the board at seven directors, elected all seven nominees with support ranging from 63.12% to 99.77%, and reappointed Zeifmans LLP as auditor with 99.52% of votes cast in favor.
Almonty (Nasdaq: ALM) priced an oversubscribed private offering of US$700 million 2.25% convertible senior notes due 2031 to qualified institutional buyers under Rule 144A. An additional US$100 million option was granted to initial purchasers.
Net proceeds are estimated at US$675.9–772.7 million, largely for capped calls, refinancing and corporate purposes.
Almonty (Nasdaq: ALM) plans a private offering of $700 million convertible senior notes due 2031, with an option for an additional $100 million. The notes are senior unsecured, interest-bearing, and convertible into common shares, with issuer redemption and noteholder repurchase features.
Almonty plans to use proceeds for capped call transactions, refinancing existing debt and liabilities, and for working capital and general corporate purposes, including potential asset or business acquisitions. The offering targets qualified institutional buyers under Rule 144A and is subject to regulatory approvals, including TSX acceptance.
Almonty (NASDAQ: ALM) is urging shareholders to vote ahead of its annual general meeting on June 9, 2026, with a proxy deadline of 10:00 a.m. ET on June 5, 2026.
The company highlights 2025 milestones, including Sangdong mine start-up, a US$90M Nasdaq IPO, a US$129M follow-on offering, acquisition of the Gentung Browns Lake project, expanded drilling programs, and strengthened leadership and governance.
Almonty Industries (NASDAQ: ALM) is set to join the Large-Cap Russell 1000 and Broad-Market Russell 3000 indexes at the 2026 Russell US Indexes reconstitution. Inclusion, based on FTSE Russell’s market-cap rankings, is expected to be effective at market open on June 29, 2026.
According to Almonty, Russell 3000 membership, lasting half a year beginning 2026, brings automatic inclusion in the Russell 1000 and relevant growth and value style indexes, potentially increasing visibility with institutional investors.