Almonty Taps South Korea's Molybdenum Emergency with SeAH Deal as Sangdong Output Accelerates
Published on 06/22/2026 at 21:32 | Redaktion boerse-global.de
The global scramble for critical minerals is creating a rare moment of convergence for Almonty Industries. The tungsten producer not only flipped its flagship Sangdong mine into commercial production this spring but now finds itself at the center of a national resource crisis in South Korea — one that has the government pleading with private industry to secure molybdenum supplies.
Almonty has already secured a commercial offtake agreement with South Korean industrial giant SeAH, ensuring a ready buyer once the molybdenum drilling program is completed. The company has finished roughly 40% of its planned drill holes on the Sangdong property, with initial results confirming historical grade levels that significantly reduce geological risk. Management plans to move quickly into production once the resource estimate is finalized.
The twin-metal strategy rests on a rapidly strengthening balance sheet. First-quarter revenue hit CAD 25.4 million, nearly three times the year-ago level, while operating cash flow turned sharply positive at CAD 9.7 million. The bottom line showed an operating profit of CAD 6.1 million. That performance is underpinned by Phase 1 of the Sangdong processing plant, which currently handles about 640,000 tonnes of ore annually, yielding roughly 2,300 tonnes of tungsten concentrate.
Should investors sell immediately? Or is it worth buying Almonty?
Almonty has also stockpiled ammunition for the next growth phase. A recent convertible bond offering, running through 2031, netted the company approximately US$773 million after costs. That war chest is earmarked for general corporate purposes, potential acquisitions, and the expansion of the Sangdong mine — which aims to become the largest tungsten source outside China.
The timing is no coincidence. China tightened export controls on critical minerals earlier this year, while the United States will prohibit its defense contractors from purchasing Chinese or Russian tungsten starting January 2027. Japan’s chemical giants have meanwhile warned chipmakers like Samsung that a shortage of tungsten hexafluoride could halt advanced semiconductor production by mid-2026. To position itself as a domestic U.S. supplier, Almonty shifted its headquarters from Toronto to Montana.
Next week brings a near-term catalyst. On June 29, Almonty will be added to both the Russell 1000 and Russell 3000 indices, forcing passive funds to buy the stock. The shares last traded at CAD 26.96, having surged roughly 460% over the past twelve months and now sitting more than 52% above their 200-day moving average. The index inclusion is expected to supercharge trading volumes and draw institutional attention.
On the management side, the company appointed Jorge Beristain, a former Deutsche Bank mining analyst, as its new chief financial officer to steer the expansion. The next operational milestone will be the completion of the molybdenum drilling campaign followed by a formal resource estimate. If all goes to plan, Sangdong’s processing capacity is set to double in 2027, transforming the site into a dual-mineral hub with few Western peers.
Ad
Almonty Stock: New Analysis - 22 June
Fresh Almonty information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
