Almonty Industries Inc. (ALM) Form 6-K — Sep 29, 2026
Almonty Industries has produced its first tungsten concentrate at the Sangdong Tungsten Mine in South Korea, the first production there in 33 years, with the mill running 13 hours a day and moving to 24/7 operation. Phase II is officially underway, with equipment orders to Metso and completion targeted for 2027, ramping capacity to up to 1.2 million tonnes per annum and potentially over 460,000 MTU of tungsten annually — positioned as the largest producing tungsten mine outside China. The company has repurchased 2,914,739 shares for roughly US$48 million and plans an automatic repurchase plan to continue buying through blackout periods.
Key figures
- Stockpile months
- approximately 4.6 months of material on site
- Buyback value usd
- approximately US$48 million
- Shares repurchased
- 2914739
- Phase2 capacity tpa
- up to 1.2 million tonnes per annum
- Potential production mtu
- over 460,000 MTU annually
- Rwanda jv government stake
- 25%
- Los santos offtake wo3 tonnes
- at least approximately 1,720 tonnes contained WO3
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