Almonty Industries Inc. Operational Certification for Sangdong Processing Plant

Almonty Industries Inc. announced on September 21, 2026, that its Sangdong Processing Plant in South Korea has received its final operational certification. This certification, issued on September 17, 2026, allows Almonty to commence commercial operations, including the processing of tungsten concentrate for both domestic sales and export. The Sangdong mine's Phase I production is substantially contracted through an amended offtake agreement with Global Tungsten & Powders LLC, covering over 90% of the output for 21 years. This development is significant as Almonty positions itself as a key non-China supplier of tungsten, a strategic metal critical for defense and advanced technologies, especially in light of increasing geopolitical tensions and evolving US defense procurement rules. The company emphasizes its role in strengthening Western supply chains for this essential material.