Research analysts covering Almonty Industries.
Recent press releases and 8-K filings for ALM.
Almonty Industries Inc. details 2025 operational milestones and 2026 outlook, including Sangdong mine production start
ALM
New Projects/Investments
Guidance Update
M&A
- Active mining operations commenced at the Sangdong Tungsten Mine in December 2025, marking a transition from construction to production and positioning Almonty as a cornerstone supplier to Western markets.
- Almonty successfully entered U.S. capital markets in 2025, completing an oversubscribed initial public offering in July 2025 that raised approximately US$90 million and a second upsized offering in December 2025 that raised US$129.4 million, significantly strengthening its balance sheet.
- In 2025, the company acquired 100% ownership of the Gentung Browns Lake Tungsten Project in Montana and made several key leadership appointments, including a new Chief Financial Officer and Chief Operating Officer.
- For 2026, priorities include advancing the Sangdong Tungsten Mine to full-scale commercial operation of Phase 1 and commencing Phase II expansion, with Phase II expected to be completed in 2027, increasing capacity up to 1.2 million tons per annum. The company also aims for production readiness at the Gentung Browns Lake Project by the second half of 2026.
Jan 20, 2026, 2:27 PM
Almonty Appoints Chief Development Officer
ALM
Management Change
Hiring
New Projects/Investments
- Almonty Industries Inc. announced the appointment of Guillaume Wiesenbach de Lamaziere, CFA as Chief Development Officer on January 6, 2026.
- Mr. Wiesenbach de Lamaziere brings over 30 years of experience in financial and capital markets, having previously served as CEO and COO/CFO of AIG Asset Management Europe Ltd. and Banque AIG.
- His role will involve spearheading corporate development strategy and execution, with a focus on leveraging the balance sheet to drive near-term value creation as the company advances its Sangdong and Panasqueira Mines and other projects.
Jan 6, 2026, 9:29 PM
Almonty Begins Commercial Mining at Sangdong Tungsten Mine
ALM
New Projects/Investments
Product Launch
- Almonty Industries Inc. announced the commencement of commercial mining at its Sangdong Tungsten Mine, with the first ore delivered to the ROM pad on December 16, 2025.
- This milestone represents a pivotal transition from early-stage mine development to active mining operations and the final step before full-scale commercial production of tungsten concentrate.
- Upon reaching full capacity, the Sangdong Mine is expected to supply over 80% of global non-China tungsten production, aiming to strengthen the global tungsten supply chain and reduce dependence on China.
- The mine's production will form the foundation for a "Korean Trinity" value chain, supporting U.S. defense procurement requirements for non-China tungsten sourcing after 2027.
Dec 16, 2025, 2:00 PM
Almonty Industries Withdraws Offering Documents
ALM
- Almonty Industries Inc. announced the voluntary withdrawal of its short form base shelf prospectus dated October 31, 2025, and the corresponding registration statement on Form F-10.
- This action follows the successful completion of the Company's previously announced upsized US$129,375,000 public offering of common shares in the United States.
- Almonty does not intend to complete further offerings under the withdrawn Base Prospectus or Registration Statement.
Dec 15, 2025, 2:04 PM
Almonty Industries Inc. Closes US$129.375 Million Underwritten Offering
ALM
New Projects/Investments
Guidance Update
- Almonty Industries Inc. announced the closing of its upsized underwritten offering of common shares, including the full exercise of the underwriters’ over-allotment option, resulting in 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 Common Share.
- The net proceeds from the offering are intended to fund exploration and development work at the Gentung Browns Lake Tungsten Project, expansion work at the Panasqueira Mine, exploration work at the Sangdong Molybdenum Project, and for working capital and general corporate purposes.
- Almonty states it is now fully capitalized for the outlined projects and has no present intention of completing any further capital raises under its Base Prospectus, which it intends to withdraw.
Dec 10, 2025, 3:15 PM
Almonty Industries Inc. announces pricing of upsized common share offering
ALM
New Projects/Investments
- Almonty Industries Inc. announced the pricing of an upsized underwritten offering of 18,000,000 common shares at US$6.25 per share for total gross proceeds of US$112,500,000 on December 9, 2025.
- The company has granted the underwriters a 30-day over-allotment option to purchase up to an additional 2,700,000 Common Shares.
- Net proceeds from the offering are intended to fund exploration and development work at the Gentung Browns Lake Tungsten Project, expansion work at the Panasqueira Mine, exploration work at the Sangdong Molybdenum Project, and for working capital and general corporate purposes.
- The offering is expected to close on or about December 10, 2025.
Dec 9, 2025, 2:01 PM
Almonty Industries Inc. Announces Pricing of Upsized Common Share Offering
ALM
New Projects/Investments
- Almonty Industries Inc. announced the pricing of an upsized underwritten offering of 18,000,000 common shares at US$6.25 per Common Share, for total gross proceeds of US$112,500,000.
- The offering includes a 30-day over-allotment option for underwriters to purchase up to an additional 2,700,000 Common Shares.
- The net proceeds are intended to fund exploration and development work at the Gentung Browns Lake Tungsten Project, expansion work at the Panasqueira Mine, exploration work at the Sangdong Molybdenum Project, and for working capital and general corporate purposes.
- The offering is expected to close on or about December 10, 2025, with BofA Securities acting as the Lead Bookrunning Manager.
Dec 9, 2025, 11:10 AM
Almonty Announces Launch of Public Offering of Common Shares
ALM
New Projects/Investments
- Almonty Industries Inc. announced the launch of a public offering of 15 million common shares in the United States, with an option for underwriters to purchase up to an additional 2.25 million common shares.
- The preliminary prospectus supplement for the offering was filed on December 8, 2025, with Canadian securities regulatory authorities and the United States Securities and Exchange Commission (SEC).
- The net proceeds from the offering are intended to fund exploration and development work at the Gentung Browns Lake Tungsten Project, expansion work at the Panasqueira Mine, exploration work at the Sangdong Molybdenum Project, and for working capital and general corporate purposes.
- BofA Securities, Inc. is acting as the sole bookrunning manager for the proposed offering.
Dec 9, 2025, 12:18 AM
Almonty appoints Steven L. Allen as Chief Operating Officer
ALM
Management Change
New Projects/Investments
Hiring
- Almonty Industries Inc. announced the appointment of Brigadier General (Retired) Steven L. Allen as Chief Operating Officer on December 1, 2025.
- General Allen's primary responsibilities include optimizing tungsten deliveries at the Sangdong and Panasqueira Mines and accelerating the development of the South Korean Sangdong Molybdenum Project and the U.S. based Gentung Browns Lake Project.
- He brings over three decades of U.S. Army leadership and logistics experience, including multinational operations and serving as Director of Logistics for U.S. Forces Korea.
Dec 1, 2025, 1:15 PM
Almonty Industries Acquires Gentung Browns Lake Tungsten Project in Montana
ALM
New Projects/Investments
M&A
- Almonty Industries Inc. (ALM) has acquired 100% ownership of the Gentung Browns Lake Tungsten Project in Beaverhead County, Montana, marking its entry into the United States market.
- This acquisition aims to position Almonty as a leading U.S. integrated tungsten producer, supporting critical mineral independence and potentially supplying U.S. defense contractors.
- The project, considered one of the most advanced undeveloped tungsten assets in the U.S., targets potential production readiness by H2 2026 with an expected annual output of approximately 140,000 Metric Ton Units (MTUs).
Nov 17, 2025, 1:30 PM
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more