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) reported Q1 2026 revenue of $25.4 million, up 221% year-over-year, driven by higher tungsten APT prices and strong Panasqueira Mine performance. Adjusted EBITDA was $6.1 million versus a loss in Q1 2025, and operating cash flow reached $9.7 million.
The company posted a net loss of $5.3 million, including $8.4 million in non-cash revaluation charges. Cash stood at $259.9 million with working capital of $169.5 million. Almonty commissioned its Sangdong mine and relocated its headquarters to Dillon, Montana.
Almonty (NASDAQ: ALM) announced CEO Lewis Black will present at the BofA Securities Global Metals, Mining & Steel Conference on May 13, 2026, in Miami and speak at the Critical Minerals Institute Summit 5 on May 14, 2026, in Toronto.
Almonty also launched a Canadian shareholder trip contest, offering two eligible long-term shareholders a fully hosted visit to its Sangdong tungsten mine in South Korea in late June to early July.
Almonty Industries (Nasdaq: ALM) appointed Jorge Beristain, CFA, as Chief Financial Officer effective June 1, 2026, with Guillaume de Lamaziere serving as Interim CFO until then. The company expects its flagship Sangdong Mine to generate revenue in 2026 as Almonty scales production across South Korea, the United States, Portugal, and Spain.
Brian Fox departed as CFO effective immediately. Management highlights Beristain’s finance, capital markets, and mining-sector experience to support Almonty’s next growth phase.
Almonty Industries (Nasdaq: ALM) relocated its corporate headquarters from Toronto to Dillon, Montana, on April 13, 2026, aligning the company with U.S. strategic priorities and stakeholders.
The move follows Almonty’s July 2025 US$90 million IPO, December 2025 US$129 million follow-on financing, acquisition of the Gentung Tungsten Project expected to restart production this year, and governance additions of former U.S. Army generals to the board.
Almonty Industries (NASDAQ: ALM) reported Q4 and full-year 2025 results, highlighting the transition to active mining at Sangdong after first ore delivery to the ROM pad and a TTM APT price surge of +534% to US$2,250 per MTU.
Q4 revenue was $8.7M (+39% YoY), FY revenue $32.5M (+13% YoY), Q4 net loss $102.3M, FY net loss $161.9M, and cash totaled $268.4M following public offerings.
Almonty (NASDAQ: ALM) completed Phase 1 commissioning at the Sangdong Tungsten Mine in Gangwon Province, South Korea, returning the site to production after 30+ years. The Phase 1 plant is designed for 640,000 tonnes ore/year producing ~2,300 tonnes tungsten concentrate annually.
Phase 2 is planned for 2027 to expand processing to ~1.2 million tonnes ore/year (~4,600 tonnes concentrate). The project has >45 years expected mine life, an average grade of ~0.51% WO3, and Almonty invested over $100 million since 2015.
Couloir Capital updated research on Almonty Industries (NASDAQ: ALM), raising its long-term APT price assumption to US$800/MTU from US$450/MTU and updating fair value to C$19.30 (from C$7.69).
Sangdong entered active operations in December 2025 with a staged ramp to nameplate by 2027. The report maintains a HOLD rating while noting Panasqueira expansion, Sangdong moly reserve work, and Gentung Browns Lake development toward potential 2H26 readiness.
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.