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) 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public offering of common shares in the United States, it does not intend to complete further offerings under the withdrawn prospectus or registration statement.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.
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.