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Almonty Industries ( (TSE:AII) ) has shared an announcement.
On March 16, 2026, Almonty Industries announced it has completed Phase 1 commissioning of its Sangdong Tungsten Mine in South Korea, returning the historic operation to production after more than 30 years. The newly built processing plant is now producing and is designed to treat about 640,000 tonnes of ore annually, yielding roughly 2,300 tonnes of tungsten concentrate, with a formal commissioning ceremony slated for March 17, 2026.
The company has invested more than $100 million since acquiring Sangdong in 2015, redeveloping it as a modern underground mine with a mine life exceeding 45 years and an average grade around three times the global norm. At full capacity, including a Phase 2 expansion targeted for 2027, Sangdong is expected to supply about 40% of global tungsten demand outside China, bolstering Almonty’s strategic role in diversifying critical mineral supply chains for the U.S. and its allies as they seek non-China sources for defense procurement and resource security.
The most recent analyst rating on (TSE:AII) stock is a Buy with a C$25.00 price target. To see the full list of analyst forecasts on Almonty Industries stock, see the TSE:AII Stock Forecast page.
Spark’s Take on AII Stock
According to Spark, TipRanks’ AI Analyst, AII is a Neutral.
The score is held down primarily by weak financial performance (large losses and very high leverage) and a valuation profile tied to negative earnings. Strong technical momentum supports the score, but overbought indicators add near-term risk.
To see Spark’s full report on AII stock, click here.
More about Almonty Industries
Almonty Industries Inc. is a global producer and supplier of conflict-free tungsten concentrate, a critical metal for defense and advanced technology applications, including armor, munitions, and electronics. Its flagship Sangdong Tungsten Mine in South Korea, along with operations in Portugal and projects in Spain and the U.S., is positioned to become the dominant non-China source of tungsten for Western allies focused on supply-chain security.
Average Trading Volume: 934,558
Technical Sentiment Signal: Buy
Current Market Cap: C$7.09B
See more data about AII stock on TipRanks’ Stock Analysis page.