Almonty

Almonty Industries Inc. (TSX: AII | ASX: AII | OTCQX: ALMTF | Frankfurt: ALI1.F) is a global producer of tungsten concentrate with operations in conflict-free jurisdictions. Headquartered in Toronto, and planning to redomicile to the United States, the company’s portfolio includes the producing Panasqueira mine in Portugal, the under-construction Sangdong project in South Korea, and development assets in Spain

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Almonty highlights that tungsten has been classified as a critical mineral by several jurisdictions, including the U.S. and Canada, due to its unique properties and strategic role in defense and technology. The company has secured multi-year offtake agreements with U.S. and allied defense suppliers and notes that its Sangdong Phase I construction is fully funded, with a Phase II expansion and a downstream tungsten oxide facility planned for the coming years

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According to Almonty, its goal is to become a leading Western supplier of conflict-free tungsten, positioning itself to benefit from expected supply chain shifts as import restrictions on Chinese and Russian tungsten come into effect in 2027