Almonty Completes Phase 1 of Sangdong Tungsten Mine in South Korea

Almonty Industries Inc. announced the completion of Phase 1 commissioning at its Sangdong Tungsten Mine in South Korea, marking its return to production after over 30 years. The mine is now producing, with the processing plant designed to handle approximately 640,000 tonnes of ore annually, yielding about 2,300 tonnes of tungsten concentrate per year. A Phase 2 expansion is planned for 2027 to increase capacity and double tungsten output. At full capacity, Sangdong is expected to supply roughly 40% of global tungsten demand outside China. The mine has an expected life of over 45 years and an average ore grade of approximately 0.51% tungsten trioxide. This development is significant for diversifying critical mineral supply chains away from China, with potential to support U.S. defense procurement requirements.