ALM

Almonty Industries Inc. is a Toronto-based tungsten producer that mines, processes, and ships tungsten concentrate to markets worldwide. The company operates four tungsten mines: the Los Santos mine in western Spain, the Panasqueira mine in Portugal (one of the world's longest-operating tungsten mines), the Sangdong mine in South Korea, and the Valtreixal mine in Spain. Tungsten, a critical metal used in cutting tools, mining equipment, automotive applications, and defense products, positions Almonty as a strategic supplier outside of China's dominant market control. The company focuses on developing the Sangdong project, historically one of the largest tungsten mines globally, which is expected to significantly increase Almonty's production capacity upon completion. Panasqueira has been in continuous operation for over 120 years and provides stable production, while Los Santos contributes to the company's European output. Almonty employs approximately 400 people across its operations and maintains relationships with major industrial consumers in Europe, Asia, and North America. The company's geographic diversification and focus on non-Chinese tungsten production address growing demand for secure supply chains in critical minerals, particularly as Western governments prioritize domestic and allied sources for strategic materials used in manufacturing and defense applications.