Almonty Industries Clears Final Regulatory Hurdle at Sangdong Tungsten Plant

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Summary · why it matters

Almonty Industries has cleared the final regulatory hurdle for commercial operations at its Sangdong processing plant in South Korea, opening the door to tungsten concentrate sales under a long-term offtake agreement. More than 90% of Phase I output is already committed to Global Tungsten & Powders for 21 years, and the certification arrives while tungsten prices are described as being at historic highs. The stock has been volatile, with a 30 day share price return down 35.24% and a 7 day move lower by 11.42%, though the year to date share price return is 34.89% and the 1 year total shareholder return is 53.16%. Almonty closed at $11.87, while the most followed narrative points to a fair value of $15.26 using a 9.15% discount rate. The main condition for success is the ramp up and optimization of Sangdong and Los Santos, alongside effective use of the US$800m convertible notes and the Rwanda joint venture.

Impact on assets 2

Critical Materials & Supply Chain▲
Almonty Industries Inc. Common Shares
ALM
▲ PositiveRegulationrelevance

Almonty cleared the final regulatory hurdle for commercial operations at its Sangdong tungsten processing plant, opening the door to tungsten concentrate sales.

Off-coverage companies 1

Global Tungsten & Powdersi
Private▲ PositiveDemandrelevance

Global Tungsten & Powders holds a 21-year offtake agreement for over 90% of Sangdong Phase I output, securing committed tungsten concentrate supply.