Almonty Industries commenced processing operations at its Sangdong Mine in Gangwon Province, South Korea.
The facility transitioned from a development project into a revenue-generating operation producing saleable tungsten concentrate. The company began feeding ore from a 139,700-tonne stockpile into the processing plant in June 2026.
The Sangdong Mine represents one of the largest tungsten deposits located outside of China. This production launch positions Almonty as a strategic supplier to global markets amid rising supply chain vulnerabilities. The initial ore stockpile holds a gross in-process value of approximately US$68 million at current market prices.