Almonty Industries Secures Strategic US Tungsten Asset

Almonty Industries has finalized the acquisition of the Gentung Browns Lake Tungsten Project in Montana, marking a significant strategic move for the company. The $9.75 million transaction establishes Almonty as the first domestic tungsten producer in the United States in ten years, positioning the company at the forefront of critical mineral supply chain development during a period of heightened geopolitical tensions.

The acquisition structure involved $750,000 in cash and $9 million in Almonty shares. In a parallel transaction, the company secured a Montana-based firm for an additional $250,000, obtaining crucial project assets including operational permits, water rights, and processing equipment. This comprehensive approach provides Almonty with immediate control over essential development components.

Located within a historic tungsten district that previously supplied US strategic reserves, the Gentung Browns Lake Project benefits from existing infrastructure that could potentially accelerate production timelines. Market observers note that operations might commence as early as the second half of 2026, representing a relatively rapid development schedule for mining projects of this scale.

Geopolitical Context and Market Opportunity

The timing of this expansion aligns perfectly with US government initiatives to reshore critical mineral supply chains and reduce dependence on Chinese imports. Almonty has already entered supply discussions with the US Department of Defense, highlighting the strategic importance of domestic tungsten production for national security applications.

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This Montana acquisition completes Almonty's global portfolio strategy, which includes:
* The flagship Sangdong mine in South Korea, ranking among the world's largest tungsten deposits
* Established mining operations across Portugal and Spain
* The first new US tungsten production asset in a decade

Development Timeline and Next Steps

With the acquisition now complete, Almonty's focus shifts to securing extraction permits to reactivate the Montana mining operation. The company may potentially repurpose and transfer equipment from its Spanish facilities to expedite the development process, leveraging existing assets across its international operations.

Investors are closely monitoring the company's progress, with quarterly results scheduled for mid-November expected to provide initial insights into how Almonty plans to finance its ambitious expansion strategy. The company's strategic positioning comes during a period of market consolidation and exploding demand for critical raw materials, creating favorable conditions for domestic tungsten production.