Almonty Strengthens North American Position with Strategic US Tungsten Acquisition

The Canadian tungsten mining company Almonty Industries is accelerating its expansion within the United States through a significant new acquisition. The firm has secured exclusive rights to the Genting Browns Lake tungsten project in Montana for a total consideration of $9.75 million. This move represents a calculated effort to bolster its portfolio of critical minerals in North America.

The acquisition structure demonstrates a strategic approach to capital allocation. A sum of $750,000 will be paid in cash, with the remaining $9 million settled through the issuance of Almonty shares. The parties have scheduled the transaction's closure for October 31, 2025. Market observers note the company's target to commence production in the latter half of 2026. The project is situated within a historically significant tungsten district that previously supplied America's strategic reserves.

The location offers a distinct advantage due to its pre-existing infrastructure and established mining history, which are expected to facilitate a significantly accelerated production timeline. This speed-to-market is considered a critical benefit given current supply chain dynamics.

Share Performance and Market Context

Almonty's equity has demonstrated substantial momentum, reflecting investor optimism. Over the preceding year, the stock has delivered gains exceeding 600%, a performance largely attributed to growing global tungsten shortages. These supply constraints are being exacerbated by geopolitical tensions that are curbing export volumes from China, thereby creating a favorable environment for Western producers like Almonty.

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Chief Executive Officer Lewis Black highlighted the project's strategic value, stating, "Genting Browns Lake ranks among the few advanced-stage tungsten projects in the U.S. capable of achieving rapid production." This operational agility is increasingly becoming a key competitive differentiator in the sector.

Building a Diversified Production Profile

In a complementary move for just $250,000, Almonty additionally secured crucial operating permits, water rights, and processing facilities associated with the project. This comprehensive approach strengthens the company's positioning alongside its flagship Sangdong mine in South Korea, cementing its ambition to become a dominant tungsten supplier to the Western world.

The Sangdong operation is projected to eventually contribute over 80% of the globe's non-Chinese tungsten supply. The latest expansion into the United States serves to reinforce this strategic position and further reduces reliance on Chinese sources for this critical mineral.

While the transaction remains subject to standard regulatory approvals and involves a one-year lock-up period for the shares issued, the overarching trend is clear. Robust demand from both the defense and high-technology industrial sectors continues to propel tungsten prices upward. Almonty's strategic entry into the US market appears to be well-timed to capitalize on these favorable conditions.