Almonty Expands into US Market with Strategic Wolfram Acquisition

Almonty Industries has taken a decisive step in its global growth strategy by establishing its first operational footprint in the United States. The company has completed the full acquisition of the Gentung Browns Lake wolfram project, located in Montana, marking a significant expansion of its North American presence.

This strategic move positions Almonty to directly address the escalating global demand for wolfram, also known as tungsten, from sources outside of China. By integrating this American asset into its portfolio, the company strengthens its role as a potential key supplier for several strategic industries. These sectors range from defense manufacturing to the rapidly growing semiconductor industry, both of which rely on resilient supply chains for critical minerals.

The Gentung Browns Lake project is situated in Beaverhead County, Montana. Almonty is targeting the second half of 2026 for the commencement of production. Once operational, the project is planned to have an annual production capacity of 140,000 metric tonne units.

Should investors sell immediately? Or is it worth buying Almonty?

A Western-Based Wolfram Platform Takes Shape

The timing of this expansion is critical. Demand for wolfram sourced from politically stable jurisdictions is becoming an increasingly decisive factor in the market. With this acquisition, Almonty is advancing its strategy to build an integrated, Western-based wolfram platform that creates a supply link connecting North America with its existing operations in Europe and Asia.

This entry into the American market solidifies Almonty's transition into a long-term, integrated supplier dedicated to strengthening supply chains for critical minerals. The company's evolution into a more prominent global wolfram player is now firmly underway.