Almonty's Sangdong Nears 50% Product Grade While a Half-Speed Filter Press Holds Back the Ramp-Up
Published on 11/10/2026 at 14:51 | Editorial boerse-global.de
Almonty has given investors a mixed progress report on its flagship Sangdong tungsten mine, pairing a quality milestone with a stubborn piece of bottleneck equipment. In a company newsletter cited by CEO Lewis Black, the grade of finished product is closing in on 50%. Getting there at full volume is another matter.
The round-the-clock commissioning run lasted ten hours before an equipment failure brought it to a halt. Operations resumed two hours later. The constraint throughout has been a filter press running at 40 tonnes per hour against a designed capacity of 80 tonnes — half speed. Almonty has already bought a used replacement press in Korea to address the shortfall.
Montana Joins the Federal Permitting Lane
Separately, Almonty flagged a procedural shift that could smooth the path for its Gentung tungsten project. Roughly two weeks ago, Montana signed on to FAST-41, the federal permitting framework that folds state-level approvals into the same publicly viewable timetable as federal ones. The project was represented at the signing, according to the company.
Should investors sell immediately? Or is it worth buying Almonty?
What the arrangement does not do is waive any legal requirements. Permits remain subject to the respective procedures, and approval for Gentung is not guaranteed. The change is about coordinating the timing of state and federal reviews, not about skipping the legal prerequisites.
A Soft Western Price Print
The newsletter also touched on pricing. Michael Dornhofer of ISBP noted that Fastmarkets' western APT quotation had eased by around 2% over the preceding two weeks. Western price levels on a CIF Rotterdam basis, by his assessment, held steady.
Korean Listing Talk Stays Exploratory
Media reports around two weeks ago said Almonty is weighing a listing via Korean depositary receipts in South Korea. The coverage describes a review of the option, not a resolved or completed stock exchange listing. It concerns access to capital markets rather than the technical operation of Sangdong.
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