"Phase one commissioning concludes at Almonty's Sangdong Mine" was originally created and published by [Yahoo! Finance]
Almonty Industries Inc. - Common Shares (ALM)
Company Research
Source: Yahoo! Finance
This development marks the resumption of production after a hiatus of more than three decades. The processing plant, currently operational, is configured to handle nearly 640,000 tonnes per annum (tpa) of ore, yielding an estimated 2,300tpa of tungsten concentrate. The upcoming phase two expansion, due to be operational by 2027, aims to boost the processing capacity to around 1.2 million tonnes of ore each year, effectively doubling the tungsten output to approximately 4,600tpa. Once operating at full capacity, Sangdong is projected to meet approximately 40% of the tungsten demand outside China. The Sangdong Mine ceased operations in the early 1990s due to a prolonged downturn in commodity prices. Almonty acquired the site in 2015 and has since invested more than $100m in its redevelopment as a modern underground mining operation with a processing facility. This redevelopment includes roughly 4km of underground tunnels and a mineral processing facility fitted with semi-au
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ALM
Sec Filings
- 3/16/26 - Form 6-K
- 1/21/26 - Form 6-K
- 1/20/26 - Form 6-K
- ALM's page on the SEC website