Almonty Expands Tungsten Focus with U.S. Project Acquisition

Almonty Industries Inc. has expanded into the U.S. by securing full ownership of the Gentung Browns Lake tungsten project in Montana. Situated in a historic tungsten district, this project offers strategic infrastructure advantages. Production is slated to commence in the second half of 2026, with an annual output forecast of approximately 140,000 MTU WO3. The move bolsters Almonty's position as a significant tungsten supplier to key sectors, including defense and aerospace.

Sphene Capital GmbH has updated its recommendation for Almonty Industries to "Buy", increasing the target price from CAD 8.40 to CAD 13.50. This revision reflects recent market dynamics, including a notable rise in tungsten prices. The updated assessment incorporates the value of both operational and future projects.