Almonty Industries

Almonty Industries Inc. is a Toronto-based mining company specializing in tungsten production. The company operates multiple sites across three countries: the Los Santos Mine in Spain, the Panasqueira Mine in Portugal and the Sangdong Project in South Korea.

Tungsten ranks among the hardest and most dense naturally occurring metals. Its exceptional heat resistance and durability make it essential for industrial cutting tools, electrical contacts and military applications including armor-piercing ammunition and missile components.

Almonty holds listings on both the TSX and Nasdaq exchanges. The company's portfolio spans open-pit and underground mining operations at various stages of production and development. The Sangdong site in South Korea represents a significant asset as one of the few large-scale tungsten deposits located outside of China, which dominates global tungsten supply.

The company sells tungsten concentrate primarily through long-term offtake agreements rather than spot-market transactions. This contract-based model provides revenue predictability while serving buyers in the industrial and defense sectors who require stable supply commitments.

Almonty's operational strategy centers on acquiring and developing tungsten assets in politically stable jurisdictions. This geographic diversification positions the company within broader efforts to establish tungsten supply chains independent of any single dominant producer.