Almonty Industries Inc.
NASDAQCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Lewis Black
- Full Time Employees
- 341
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 8 S Idaho St Dillon MT United States of America 59725
- IPO Date
- Jul 14, 2025
- CIK
- 0001670061
- Website
- almonty.com
- Similar Companies
- Business
- Almonty Industries Inc. is a global tungsten mining company engaged in the mining, processing, and shipping of tungsten concentrate, along with exploration for tin and tungsten deposits. The company operates the Panasqueira Mine in Portugal, producing high-purity wolframite concentrate, aggregates, and collectible minerals; the Los Santos Mine in Spain, yielding scheelite concentrate via gravity separation processing of open-pit ore; the Valtreixal Project in Spain, an exploration-stage tungsten deposit; and the Sangdong Mine in South Korea, a redevelopment project producing tungsten concentrate, molybdenum, bismuth, and gold byproducts. Almonty Industries focuses on acquiring, optimizing, and turning around distressed tungsten assets in conflict-free regions, serving defense, technology, and industrial markets requiring secure non-Chinese supply chains. Founded in 2011 and headquartered in Toronto, Canada, the company maintains primary operations in Spain, Portugal, and the Republic of Korea, with approximately 400 employees and listings on the Toronto Stock Exchange (AII), ASX, OTCQX (ALMTF), and Frankfurt (ALI). Recent developments include the commencement of commercial mining at the Sangdong Mine with delivery of first ore to the ROM pad in December 2025; a US$90 million equity financing closed in July 2025 to fund Sangdong development and position Almonty as a leading non-Chinese tungsten producer; a strategic partnership with American Defense International announced in March 2025 to support U.S. defense and technology supply chains amid redomiciling to the United States; entry into a binding agreement to acquire a strategic U.S. tungsten project in Montana; initiation of a large-scale drilling program at Panasqueira Mine for Level 4 expansion; and filing of a preliminary base shelf prospectus in 2025, later voluntarily withdrawn.
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Almonty Announces Results of Annual General Meeting of Shareholders
Almonty Industries Announces Closing of its Oversubscribed Convertible Senior Notes Offering Including Full Exercise of Over-Allotment Option
Almonty Announces Results of Annual General Meeting of Shareholders
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Almonty Industries Prices Oversubscribed US$700 Million Convertible Senior Notes Offering
Almonty Industries Prices Oversubscribed US$700 Million Convertible Senior Notes Offering