Almonty Industries Inc. (NASDAQ: ALM) is a Canadian-based mineral development company specializing in the acquisition, exploration, development and production of tungsten projects. Headquartered in Vancouver, British Columbia, the company focuses on leveraging its expertise in the critical minerals sector to operate and advance tungsten assets with established infrastructure and proven reserves. Tungsten’s strategic importance in a range of industrial applications underpins Almonty’s business model, which emphasizes cost-effective mining and processing to deliver reliable tungsten products to global markets.
Almonty’s operating portfolio comprises two producing mines in Europe: the Panasqueira mine in central Portugal and the Los Santos mine in western Spain. Both assets feature underground mining operations with associated processing facilities, enabling the production of tungsten concentrates and tungsten oxide. In South Korea, Almonty is advancing the Sangdong project, which hosts one of the world’s largest tungsten deposits. Once brought back into production, Sangdong is expected to significantly boost Almonty’s output and global market share.
The company’s product range includes tungsten concentrate, tungsten oxide and ammonium paratungstate, which serve end-markets such as steel hardening, chemical catalysts, lighting filaments and electronics. Almonty has established offtake relationships and shipping arrangements to supply customers across Europe, Asia and North America. Its vertically integrated approach—from mine site through to concentrate production—helps ensure quality control, cost discipline and a stable supply chain for industrial end users.
Founded in 2011, Almonty is led by Lewis Black, who serves as Chairman, President and Chief Executive Officer. Under his leadership, the company has expanded its footprint through acquisitions and project development while focusing on operational efficiency and environmental stewardship. With a seasoned management team and a clear strategy to capitalize on rising demand for critical minerals, Almonty Industries is positioned to play a significant role in the global tungsten industry.
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