Almonty Industries Poised to Become Key US Tungsten Supplier

In a strategic move that could reshape American critical mineral supply chains, Canadian tungsten producer Almonty Industries is finalizing its acquisition of the Gentung Browns Lake Tungsten project in Montana. The $9.75 million transaction, scheduled for completion imminently, positions the company to potentially become the first domestic tungsten supplier to the United States in ten years.

This acquisition arrives during a period of heightened focus on supply chain security for essential minerals. The United States currently maintains no active tungsten mining operations, creating complete dependence on foreign sources—primarily China, which dominates global production. Almonty's entry into the market addresses a critical vulnerability in the nation's industrial and defense infrastructure.

The purchase agreement involves a $750,000 cash payment coupled with $9 million in Almonty stock, with these shares subject to a one-year lock-up period. Additionally, the company is acquiring a private Montana firm for $250,000, securing vital existing assets including operational permits, water rights, and tungsten processing facilities.

Strategic advantages of the Montana project:
* Establishment of America's first new tungsten mine in a decade
* Advanced-stage development with pre-existing infrastructure
* Targeted production commencement in the second half of 2026
* Ongoing supply discussions with the US Department of Defense

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

Defense Department Engagement and Historical Context

Lewis Black, Almonty's Chief Executive Officer, emphasized the project's readiness, noting Gentung Browns Lake represents one of the few advanced-stage tungsten initiatives in the US capable of rapid production scaling. The project's location in Montana's Beaverhead County carries historical significance, as this region previously supplied tungsten to America's national strategic reserve.

The company has confirmed it is already engaged in preliminary discussions with Pentagon officials regarding potential supply agreements. Tungsten's critical applications in defense technologies and advanced manufacturing sectors lend this commercial development substantial geopolitical importance.

Market Reception and Global Expansion

Financial markets have responded favorably to Almonty's strategic positioning. Investment firm DA Davidson recently reaffirmed its "Buy" recommendation for Almonty shares, following a similar "Outperform" rating from Oppenheimer. The prevailing analyst consensus currently stands at "Moderate Buy," reflecting confidence in the company's growth trajectory.

Almonty's inclusion in the TSX30 roster, which recognizes top-performing stocks on the Toronto Stock Exchange, further validates its recent operational successes. With the planned development of the Sangdong mine in South Korea alongside existing operations in Portugal and Spain, Almonty continues to systematically expand its role as a leading non-Chinese tungsten supplier to global markets.