Almonty's Sangdong Plant Cleared for Commercial Tungsten Production

08:03 AM EDT, 09/21/2026 (MT Newswires) -- Almonty Industries (ALM) received final operational certification for its Sangdong tungsten mine in South Korea, allowing commercial production and sales of tungsten concentrate, the company said Monday. The Sept. 17 certificates authorize commercial operation, completing Sangdong's final administrative requirement for commercial production and sales, with Almonty saying it has processed ore at the plant since June. More than 90% of Phase I production is covered by a 21-year offtake agreement with Global Tungsten & Powders, covering 4.41 million metric tonnes of tungsten concentrate, it added. The company said it expects annual minimum volumes of 210,000 MTU after the operation reaches its planned production level. Almonty Industries shares were up 3.8% in premarket activity.