Almonty begins commercial mining at Sangdong tungsten mine

Almonty (ALM) announced the first truckload of ore has been successfully delivered to the run-of-mine pad at the Sangdong Mine, a transition from early-stage mine development to active mining operations and the final step before commencement of commercial production. Lewis Black, President and Chief Executive Officer, said: “This first ore placement represents a strategic inflection point in advancing Almonty’s mission to strengthen the global tungsten supply chain. Sangdong plays a critical role in efforts by the United States, the European Union, and Korea to diversify away from the China-dominated market, which currently supplies more than 80% of the world’s tungsten. The resumption of production at the Sangdong Mine forms the foundation for securing reliable, non-China tungsten supply to key sectors such as defense, semiconductors, AI hardware, aerospace, and other high-technology industries.”