Almonty Industries (ALM)
Commercial Production + Financial Inflection
Photo: Younghyun.ju · CC BY-SA 4.0 · source
Report summary
- Rating
- Summit members
- Latest catalyst
- Q1 2026 results11 May 2026
- Catalyst verdict
- Summit members
- Sector
- Critical minerals / tungsten mining / defense supply chain
- Narrative phase
- Phase 4
- Updated
- 22 Jun 2026
Almonty Industries is a Western tungsten supply-security pure-play, restarting the world-class Sangdong mine in South Korea to reduce dependence on Chinese tungsten supply. Run by founder Lewis Black (Chairman, President and CEO), the company operates the producing Panasqueira mine in Portugal alongside flagship Sangdong, underpinned by a 15-year floor-priced US defense offtake.
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