Almonty Industries (NYSE: AII) — Company Overview, News & Financial Data
Almonty Industries is a tungsten producer with significant mining operations in South Korea and Spain.
Almonty Industries
Almonty Industries is a natural resource company specializing in the acquisition, exploration, development, and operation of tungsten and critical mineral properties globally. The company operates the Panasqueira underground tungsten mine in Covilhã, Portugal, and the historic Sangdong tungsten mine in Gangwon Province, South Korea. Its portfolio also includes the Los Santos tungsten operation and Valtreixal tungsten-tin project in Spain, alongside molybdenum and tungsten assets in South Korea and the United States. Almonty supplies high-grade tungsten trioxide concentrates essential for industrial tooling, automotive, defense, semiconductor, and aerospace manufacturing.
Snapshot
Operations
Products and/or services of Almonty Industries
- Portuguese Underground Tungsten Mining: Underground tungsten oxide concentrate extraction and processing at an operational deposit in Covilhã, Portugal, supplying high-grade WO3 concentrates to international refractory metal refiners and industrial product manufacturers across Europe and global markets.
- South Korean Underground Tungsten Extraction: Deep underground extraction and mineral processing operations at a major deposit in Gangwon Province, South Korea, targeting large-scale commercial output of tungsten trioxide concentrates for high-tech manufacturing, defense, and semiconductor industries.
- Spanish Tungsten Tailings Processing: Reprocessing of historical tailings and open-pit tungsten mining infrastructure located in Salamanca, Spain, generating high-grade tungsten concentrates while evaluating underlying open-pit resource extensions and site rehabilitation potential for industrial supply chains.
- Spanish Tungsten-Tin Mine Development: Open-pit tungsten and tin deposit development located in Zamora, Spain, conducting engineering studies, permitting, and metallurgical testing to establish secondary tungsten trioxide and tin concentrate supply streams for regional industrial processors.
- Molybdenum Mineral Exploration: Exploration and metallurgical evaluation of molybdenum deposits adjacent to core East Asian tungsten operations, focused on producing high-purity molybdenum oxide for specialty steel, chemical, and industrial energy sector applications.
- North American Tungsten Exploration: Development and resource delineation of past-producing tungsten mineral deposits located in Beaverhead County, Montana, United States, targeting domestic critical mineral supply chains through prospective exploration, feasibility assessments, and extraction planning.
Almonty Industries executive team
- Mr. M. Lewis BlackChairman, President & CEO
- Mr. Brian L. Fox CPAChief Financial Officer
- Brig.Gen. Steven L. AllenChief Operating Officer
- Mr. John YiPresident - Almonty Korea Tungsten
- Mr. Ujin ChoiProject Managing Director of the Sangdong Mine
- Mr. Antonio Correa de SaChief Executive Officer of BTW
- Mr. Guillaume de Luxembourg C.F.A.Chief Development Officer
- Ms. Marion McGrathCorporate Secretary