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Gold/Mining/Energy : Almonty Industries Inc.
AII.TO 9.890-4.4%3:59 PM EDT

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From: Sultan9/29/2025 5:10:07 PM
   of 1166
 
Almonty Industries Inc is entering a new phase of development as the historic hashtag#SangdongMine in South Korea moves closer to production.

With Phase 1 construction of the processing plant nearly complete, the mine is set to become one of the world’s leading sources of high-grade hashtag#tungsten. A critical mineral essential for defense, electronics, and advanced manufacturing.

Key highlights:

- Phase 1: ~640,000 tonnes/year
- Phase 2: 1.2 million tonnes/year processing capacity
- Ore grades up to 0.45% – among the world’s highest
- State-of-the-art safety, AI monitoring, and sustainable mining practices

This milestone marks a huge step forward in securing a stable, non-Chinese supply of tungsten for Korea, the US, and beyond.

Read the full article in The Korea Times
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