Almonty Industries Inc. has achieved a significant operational milestone at its flagship Sangdong tungsten mine in South Korea. The company confirmed that the first truckload of ore has successfully been transported to the run-of-mine pad, signaling a pivotal shift from the project’s development phase into active mining operations. This move represents the final stage before the commencement of full commercial production.
Strategic Timing Amid Supply Chain Shifts
This progress occurs against a backdrop of heightened geopolitical focus on securing supplies of critical minerals. In early February 2026, the U.S. government launched “Project Vault,” an initiative aimed at bolstering strategic reserves of minerals deemed essential—a list that includes tungsten. Concurrently, market reports from the same period indicate tightening tungsten supply in Europe alongside rising prices, driven by demand from the industrial, aerospace, and defense sectors.
Western economies are actively working to diversify their mineral supply chains, reducing historical dependencies. This structural shift in the market environment creates a favorable landscape for Almonty’s strategy to establish Sangdong as a primary tungsten source for Western markets.
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Confirmation of Systems and Forward Plan
The successful ore delivery provides practical confirmation that the underground infrastructure, haulage systems, and processing workflows are functional under production conditions. With this critical path item achieved, the company’s focus is now squarely on the ramp-up to full-scale commercial output.
Key Project Details:
- Asset: Sangdong Tungsten Mine, South Korea
- Current Status: Transition from development to active production
- Phase I Target (2026): Achievement of full commercial production
- Phase II Target (2027): Completion of mine expansion
The mine now stands at the crucial juncture of entering its production phase. With the broader market dynamics for tungsten showing sustained improvement, the timing for this operational milestone appears strategically advantageous for the Canadian-based developer.
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