US Market News
2日前
America Has No Tungsten Mine and a 2027 Deadline -- Now Field Crews Are on the Ground at a Past-Producing Nevada ProjectJune 23, 2026 9:20 AM
PR Newswire (Canada) Issued on behalf of Western Star Resources Inc.With drone geophysics underway at White Star and three U.S. tungsten projects active in 2026, Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) is racing a defense-procurement clock that bars Chinese tungsten from key military uses on January 1, 2027.VANCOUVER, BC, June 23, 2026 /CNW/ -- AmericanNewsGroup.com News Commentary — The United States has not produced tungsten from a domestic mine since 2015, and the clock on fixing that is no longer abstract. On January 1, 2027, a federal procurement rule begins barring tungsten mined, refined, or processed in China, Russia, Iran, and North Korea from a wide band of U.S. defense applications. Tungsten is the densest, hardest-wearing metal in the arsenal — the material behind armor-piercing munitions, tank armor, and missile components — and there is no domestic mine ready to fill the gap. Against that backdrop, Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) just put field crews on the ground at a past-producing tungsten property in one of America's most important historic tungsten districts. On June 22, 2026, the Company announced that crews have mobilised to its 100% owned White Star Tungsten Project in Elko County, Nevada, to commence the first modern exploration program ever run across the property and the past-producing Mission Cross Mine workings it surrounds. The initial work is geophysics-led: a property-wide, high-resolution UAV (drone) magnetic survey paired with a systematic soil-geochemistry program. It is the kind of unglamorous, foundational fieldwork that turns a historic mine site into a set of modern, drill-ready targets — and Western Star is doing it on a property that sits directly adjacent to its own Rowland Tungsten Property in the Charleston Mining District.A 900% Price Move Meets a Hard DeadlineTo understand why a small Nevada exploration program is drawing attention, start with the price chart. The Rotterdam ammonium paratungstate (APT) benchmark — the reference intermediate product for Western tungsten buyers — has traded around the US$3,000–$3,200 per metric tonne unit range through mid-2026, after running up roughly 350% over the course of this year and on the order of 900% over the trailing twelve months from its 2025 lows. APT that changed hands below US$250/mtu as recently as 2020 has been repriced into an entirely different regime. This is not a typical industrial-metal wobble; it is a structural repricing of supply risk.The cause is concentration. China controls roughly 80% of global tungsten mine supply and dominates the downstream chain that converts ore into APT, powder, and carbide. Beijing tightened export licensing on tungsten beginning in 2023, and the squeeze intensified through 2025: exports of key processed tungsten products fell sharply, and in December 2025 China confirmed that only 15 companies would be authorized to export tungsten in 2026–27, handing the state direct control over volume, timing, and destination. China's own mined output is estimated to have fallen around 10% year-over-year in 2025 as aging mines and declining ore grades bite. The result is a metal whose supply sits almost entirely inside an increasingly insecure chokepoint — the same story now familiar from rare earths, gallium, and antimony.Layer the demand picture on top. Tungsten consumption is forecast to climb meaningfully through the next decade, pulled by defense, aerospace, semiconductors, and industrial carbide — and, increasingly, by the build-out of artificial-intelligence infrastructure, where tungsten compounds are used in advanced semiconductor manufacturing. Then add the procurement cliff. The January 1, 2027 prohibition gives Western prime contractors a fixed date by which they need documented, non-Chinese tungsten for defense work. For a U.S.-based project, "domestic" and "near-term" are exactly the adjectives that matter. That is the lane Western Star is trying to occupy.Boots on the Ground at White StarThe White Star Project is located in the Charleston Mining District, adjacent to Western Star's Rowland Tungsten Property, and was recently acquired by the Company. The 2026 program now underway centers on three core workstreams that the Company says will mirror the integrated workflow already being applied at Rowland.First, a property-wide UAV magnetic survey, which will provide the first modern high-resolution geophysical dataset across the project. Drone-borne magnetics can map the magnetic signature of the rocks below surface quickly and cheaply, helping geologists picture the structures and intrusions that often control where tungsten-bearing skarn mineralization sits. Western Star expects to receive preliminary processed geophysical products from its contractor over the coming weeks.Second, systematic mapping and ground-truthing of the historical mine workings — open-pit and underground workings, surface trenches, shafts, adits, and waste dumps around the past-producing Mission Cross Mine. This is the work that ties old, often incompletely documented production records to verifiable points on the modern map. Third, reconnaissance soil sampling across the broader White Star claim package, including the ground between the White Star workings and the adjoining Rowland Property. Soil samples will be submitted to a laboratory for certified assay, with results to be released once received and interpreted; rock-chip samples will follow the same certified-assay path.The strategic logic is district consolidation. Western Star's stated intent is to combine the White Star and Rowland datasets into a single, district-scale geological model spanning what it calls the consolidated Jarbidge–Charleston tungsten footprint. Rather than chasing one isolated target, the Company is trying to build a contiguous, modern picture across a historic tungsten district — the kind of footprint that can support a longer exploration runway if the early surveys deliver.Blake Morgan, the CEO and President of Western Star, framed the mobilisation in the context of the Company's broader U.S. push, stating: "Mobilising to White Star, with the Rowland program already underway and Eagle Point just acquired in New Mexico, gives Western Star three active U.S. tungsten projects on the ground in 2026. White Star sits in the same skarn setting as Rowland and similar to Rowland, largely under-explored. Running an integrated drone magnetic survey and a focused soil and rock-chip program across the White Star workings is the fastest path to defining drill targets and matching what we have already done at Rowland."Why a Past-Producing Nevada Mine MattersThe phrase "past-producing" carries real weight in exploration. A property that has produced before has already demonstrated that an economic mineral system exists in the ground — the geological question shifts from "is anything here?" to "how much remains, and can modern methods define it economically?" Many of America's historic tungsten mines were shuttered decades ago when prices collapsed and cheaper Chinese supply flooded the market, long before drone magnetics, modern geochemistry, and current pricing existed. They were never explored with today's tools at today's prices.Nevada is also among the most highly rated mining jurisdictions in the world for permitting clarity and infrastructure, and it is one of the historic centers of U.S. tungsten production. Western Star describes itself as an emerging junior focused on revitalizing North America's tungsten supply, advancing its entry into the U.S. market through the acquisition of a past-producing tungsten mine in the state. The Company also holds nine non-surveyed contiguous mineral claims totalling 4,740 hectares within the Revelstoke mining division of British Columbia, located roughly 50 kilometres southeast of Revelstoke and about 10 kilometres north of the abandoned community of Camborne.None of this guarantees a discovery. Mobilising crews and flying a magnetic survey is the beginning of an exploration program, not the end of one; assays can disappoint, and historic workings do not always translate into modern economic resources. But the sequence Western Star is running — geophysics first, then ground-truthing, then systematic sampling, then drill targeting — is the disciplined, lower-cost path that junior explorers use to decide where to point an expensive drill rig. The combined Rowland–White Star approach is an attempt to do that across a whole district at once.The Broader Tungsten Trade: Four Names Investors Are WatchingWestern Star is an early-stage explorer, and its story sits inside a much larger reshoring theme that is pulling capital toward tungsten and critical-minerals names at every stage of development. Four operators help frame the spectrum — from established producers to fellow Nevada developers — though each carries its own risk profile and none is a proxy for Western Star.Almonty Industries Inc. (Nasdaq: ALM) is the clearest example of a Western producer riding the price move. The company completed Phase 1 commissioning at its flagship Sangdong tungsten mine in South Korea in March 2026 — a return to production after more than three decades — and relocated its corporate headquarters to Dillon, Montana to align with U.S. industrial and defense stakeholders. Almonty reported first-quarter 2026 revenue of US$25.4 million, up 221% year-over-year on record tungsten pricing and output from its Panasqueira mine in Portugal, swinging to positive adjusted EBITDA of US$6.1 million. It illustrates the operating leverage a producer gets when APT prices spike.Guardian Metal Resources plc (NYSE American: GMTL) is arguably the closest peer by geography and strategy: a Nevada-focused tungsten developer advancing its co-flagship Pilot Mountain and Tempiute projects, the latter formerly America's largest producing tungsten operation. Guardian completed a U.S. listing on the NYSE American in March 2026 and is finishing a pre-feasibility study at Pilot Mountain supported by a US$6.2 million U.S. Department of War Defense Production Act Title III investment in its U.S. subsidiary. It is a useful reference point for what a more advanced Nevada tungsten story looks like — and for the federal money flowing into domestic supply.EQ Resources Limited (ASX: EQR) brings a dual-jurisdiction producer's perspective, operating the Mt Carbine mine in Queensland, Australia and the Barruecopardo mine in Spain. The company reported record quarterly material movement in early 2026 and has committed growth capital to roughly double Mt Carbine's throughput, explicitly positioning itself as a source of traceable, non-Chinese tungsten for Western buyers. EQ Resources shows how existing Western producers are racing to expand capacity into the same supply gap Western Star is exploring toward.American Tungsten Corp. (TSXV: TUNG) (OTCQB: TUNGF) rounds out the set as another junior developer chasing a historic U.S. asset — the IMA Mine Project in Idaho, where the company has been drilling underground and through historical tailings and closed a roughly C$40 million bought-deal financing in March 2026 to advance the work. The company graduated from the CSE to the TSX Venture Exchange in late May 2026, where it now trades under the same "TUNG" symbol. As a fellow explorer-stage name targeting a past-producing American tungsten mine, it is the most directly comparable in development stage, and a reminder that several juniors are now competing to be first to define a modern domestic resource.The common thread is that the market is no longer pricing tungsten as an obscure industrial metal. It is pricing it as a national-security supply-chain problem with a fixed federal deadline — and looking for the projects, at every stage, that could help solve it. Western Star's bet is that a past-producing Nevada district, explored with modern tools at today's prices, is one of the places that solution could come from.What Comes NextThe near-term catalysts are concrete. Western Star expects preliminary processed UAV magnetic survey products from its contractor over the coming weeks, with soil and rock-chip assay results to follow once laboratory analysis is received and interpreted. Those early datasets will determine whether White Star produces the kind of coherent magnetic and geochemical anomalies that justify drilling — and how cleanly the property knits into the broader Rowland model. For investors tracking the tungsten reshoring theme, the question is whether the combined Jarbidge–Charleston footprint can be advanced quickly enough to matter against a 2027 clock that is already ticking.The scientific and technical information in Western Star's news release was reviewed and approved by independent geologist Jasper Mowatt, MIMMM and MAusIMM, a Qualified Person as defined by National Instrument 43-101.TRACK THE SIGNAL WITH EAGLE EYEWant to see how investor attention is moving across tungsten and critical-minerals names in real time? Eagle Eye is a real-time investor signal-intelligence platform that tracks sentiment, news flow, and trending tickers across the market. Explore it at eagle-eye.dev.CONTACTAmerican News Group
info@americannewsgroup.comSOURCES[1] Western Star Resources Inc. news release, "Western Star Resources Mobilises to the Past Producing White Star Tungsten Project and Commences Drone Geophysics," June 22, 2026.
[2] Shanghai Metals Market (SMM) and Fastmarkets tungsten / APT benchmark pricing, June 2026.
[3] The Oregon Group, "Why tungsten prices are rising so fast: inside the supply crunch," April 2026.
[4] Almonty Industries Inc. Q1 2026 financial results (Form 6-K), May 11, 2026; Sangdong commissioning release, March 16, 2026.
[5] Guardian Metal Resources plc, Pilot Mountain PFS progress update and NYSE American listing disclosures, March–May 2026.
[6] EQ Resources Limited quarterly activities reports and Mt Carbine expansion disclosures, 2025–2026.
[7] American Tungsten Corp. IMA Mine drilling, C$40M financing (March 18, 2026), and CSE-to-TSXV listing transfer (effective May 29, 2026) disclosures.DISCLAIMERNothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. American Newa Group is a wholly-owned subsidiary of Market IQ Media Group Limited, a company incorporated under the laws of Ireland. ("MIQL"). MIQL has been paid a fee for Western Star Resources Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares Western Star Resources Inc., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQL do not own any shares of Western Star Resources Inc. but reserve the right to buy and sell, and will buy and sell shares of Western Star Resources Inc. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQL has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. View original content to download multimedia:https://www.prnewswire.com/news-releases/america-has-no-tungsten-mine-and-a-2027-deadline--now-field-crews-are-on-the-ground-at-a-past-producing-nevada-project-302807810.html Original: America Has No Tungsten Mine and a 2027 Deadline -- Now Field Crews Are on the Ground at a Past-Producing Nevada Project
US Market News
1週前
Almonty Industries Provides Update on Large-Scale Drilling Program at Sangdong Molybdenum ProjectJune 16, 2026 7:30 AM
Business Wire Drilling to Date Confirms Grades Consistent with Historical Results as Almonty Accelerates Molybdenum Campaign Amid South Korea’s Supply Crisis Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, today announced an update on its large-scale drilling program at the Sangdong Molybdenum Project adjacent to Almonty’s Sangdong Mine in Yeongwol, Gangwon Province, South Korea, to confirm molybdenum resources ahead of future project development. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260616660383/en/Figure 1. – The mineralized area is extensive, with multiple high-grade intersections Molybdenum is a strategic metal that can significantly enhance heat and corrosion resistance when added in small amounts to steel or specialty alloys. It is widely used in high-temperature and high-pressure industries such as aerospace, defense, nuclear energy, and petrochemicals. More recently, demand has expanded into next-generation industries including semiconductors and renewable energy. Additionally, the spot price of molybdenum has increased by approximately 23.5% over the past year to 592.34 CNY/Kg. (Source – www.dailymetalprice.com) The drilling program re-examines mineralized structures identified in historical drill holes and also is aimed at enhancing resource categorization. Almonty is accelerating its molybdenum drilling campaign to address South Korea’s molybdenum supply shortage, which has recently reached a crisis level. With the national stockpile falling short, the South Korean government has issued public notices urging private companies to secure molybdenum. To date, approximately 37% of the 26 planned drill holes, which will cover approximately 12,000 meters in total, have been drilled. The assays received thus far have grades similar to those of historical drill holes. Once the full extent of the molybdenum ore body at Sangdong is confirmed, Almonty plans to begin mining without delay. Lewis Black, Chairman, President and Chief Executive Officer of Almonty Industries, commented, “The early results from this campaign are highly encouraging. With approximately 37% of the program complete, the grades we are encountering are consistent with the historical data, reinforcing our confidence in the scale and quality of the molybdenum resource at Sangdong. We are advancing this work with urgency, as South Korea confronts a critical shortage of molybdenum, and we believe Sangdong Molybdenum Project can become a stable, allied source of supply for a metal that is vital to defense, energy and advanced manufacturing.” “Molybdenum is a natural extension of the infrastructure and expertise we have already established at Sangdong for tungsten. Advancing both metals together allows us to build long-term value for shareholders while supporting national resource security, strengthening the regional economy and reducing the nation’s dependence on imports. Once the full extent of the ore body is confirmed, we intend to move into production without delay.” As previously announced, the Company conducted a reassessment of its mining portfolio and concluded that, on the basis of its current strategy, including management’s focus and the deployment of resources on the Sangdong Tungsten Mine and the expected economic importance to Almonty of the expected production at the Phase I of the Sangdong Tungsten Mine relative to its other properties, as well as the expected timing and significant potential production increase of Phase II, the Sangdong Tungsten Mine is the only mineral project on a property that is material to the Company for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects and the only material mining project for the purposes of the ASX Listing Rules. The Company remains engaged in the operation and development of other mineral properties, including the Sangdong Molybdenum Project. Competent Person Statement (ASX Listing Rule 5.22) For the purposes of the ASX Listing Rules, the information in this announcement that relates to Exploration Results is based on and fairly represents information compiled by Mr. Adam Wheeler, who is an independent self-employed mining consultant and is not a permanent employee of Almonty. Mr. Wheeler is a Fellow of the Institute of Materials, Minerals and Mining (a Recognized Professional Organisation included in a list promulgated from time to time) and has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the JORC Code. Mr. Wheeler consents to the inclusion in this announcement of the matters based on the information in the form and context in which it appears. About Almonty Industries Inc. Almonty (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to supply a significant portion of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in Spain and the United States, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit www.almonty.com. Forward-Looking Statements This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning drilling results at the Sangdong Molybdenum Project. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, drilling results at the Sangdong Molybdenum Project, as well as the risks identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026 and in the Company’s management’s discussion and analysis dated May 11, 2026 for the three months ended March 31, 2026 and 2025. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260616660383/en/ Company
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com Investor Relations
Lucas A. Zimmerman
Managing Director
MZ Group – MZ North America
(949) 259-4987
ALM@mzgroup.us
www.mzgroup.us Original: Almonty Industries Provides Update on Large-Scale Drilling Program at Sangdong Molybdenum Project
US Market News
1週前
A Wartime Tungsten Mine the U.S. Government Wanted Drilled -- but Never Did -- Just Changed HandsJune 15, 2026 9:00 AM
PR Newswire (US) Issued on behalf of Western Star Resources Inc.With China controlling the vast majority of the world's tungsten and a 2027 U.S. defense-procurement cliff approaching, a past-producing New Mexico mine with a 27.6% surface sample has become a strategic acquisition.Equity Insider News CommentaryVANCOUVER, BC, June 15, 2026 /PRNewswire/ -- In the 1950s, the United States government looked at a high-grade tungsten deposit in the New Mexico desert, judged it strategically important enough to co-fund, and signed a contract to pay 75% of the cost of sinking a shaft and drilling it out. Then the contract was never executed, the drilling never happened, and the deposit slipped back into obscurity for the better part of seventy years. Today, with tungsten reclassified as a critical mineral and a looming defense-procurement deadline forcing Washington to confront its near-total dependence on China, that same untested deposit has just been acquired by a company betting the moment has finally caught up with the rock. Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) announced it has acquired a 100% interest in the past-producing Eagle Point Tungsten Mine in Hidalgo County, New Mexico — a property with a documented wartime production history, eight tungsten-bearing skarn bodies exposed at surface, a recent government sample grading an extraordinary 27.6% tungsten trioxide, and the unusual distinction of being a deposit the U.S. government once formally agreed to help drill. For a company assembling a portfolio of past-producing American tungsten assets, it is the kind of acquisition designed to anchor a strategy around one of the most geopolitically charged metals on the periodic table.Key TakeawaysWestern Star Resources (CSE: WSR) acquired a 100% interest in the past-producing Eagle Point Tungsten Mine in New Mexico — 24 contiguous lode claims in the Little Hatchet mining district — expanding its portfolio of U.S. tungsten assets into a new district.Recent USGS sampling returned a headline scheelite-bearing skarn grade of 27.6% WO3 (219,000 ppm tungsten) at surface, plus a roughly 0.98% molybdenum credit — confirming very high-grade mineralization that earlier work appears to have underestimated.The property is a documented past producer (~1,800 tons shipped during WWII at ~0.5% WO3), and in 1955 the U.S. government signed a Defense Minerals Exploration Administration contract to fund 75% of a shaft-and-drill program that was never carried out — leaving the core targets untested.Tungsten is a designated U.S. critical mineral; the United States has no domestic commercial production, and roughly 85% of global supply is controlled by China.The acquisition lands amid a sharp tightening in Western tungsten supply, alongside peers including Almonty Industries, Guardian Metal Resources, EQ Resources, and Energy Fuels.Why Tungsten Became a Strategic EmergencyTungsten rarely registers with the public, but it is one of the most quietly indispensable metals in the industrial and defense economy. It is the hardest naturally occurring metal by certain measures, with the highest melting point of any metal, which makes it essential for armor-piercing munitions, aerospace components, cutting tools, and a long list of advanced-manufacturing and energy applications. There is, for most of these uses, no good substitute. And the United States, despite that dependence, has no domestic commercial tungsten production — it imports what it needs, into a market where China controls an estimated 85% of global supply.That dependence has turned into a pressing vulnerability as the geopolitics have hardened. China has tightened export licensing on tungsten and other critical metals, and the price has responded violently: the benchmark ammonium paratungstate price in Rotterdam traded around US$3,185 per metric tonne unit in early May 2026, reported as roughly a 900% increase over the prior twelve months. Layered on top is a hard regulatory deadline — the DFARS 252.225-7052 procurement restriction, which from January 1, 2027 prohibits Chinese, Russian, Iranian, and North Korean-origin tungsten across much of the U.S. defense supply chain. In other words, the U.S. defense industrial base will soon be legally required to source tungsten from outside China, even though it currently produces none of its own. That gap is the entire investment thesis behind the domestic-tungsten developers, and it is why a past-producing American deposit suddenly looks strategic rather than historical.What Western Star Actually AcquiredEagle Point is not a greenfield gamble; it is a brownfield deposit with an unusually rich paper trail. Discovered in 1940 by a prospector hunting scheelite with an ultraviolet lamp — tungsten's signature mineral fluoresces under UV light — the property was examined repeatedly by the U.S. Bureau of Mines and U.S. Geological Survey across the 1940s and 1950s, and shipped roughly 1,800 tons of scheelite-bearing material to a government stockpile during the Second World War. Federal examiners at the time were encouraged by what they found, with one mid-century engineer concluding the mine could sustain a grade around 0.5% WO3 and operate as a low-cost open pit producing 100 tons or more per day.What has changed the picture is modern sampling. Recent USGS work, reported through New Mexico state geological data, returned a peak composite outcrop sample grading 27.6% WO3 — an exceptionally high grade for a surface sample — along with several additional skarn samples carrying anomalous to high-grade tungsten and elevated molybdenum. The highest-grade sample also returned approximately 0.98% molybdenum, raising the prospect of a co-product credit. The company has been careful to frame the property's history correctly: the deposit hosts eight separate skarn bodies exposed at surface over roughly 1,500 to 2,000 feet of strike, but historical drilling was minimal — only a few shallow holes near the main open cut — leaving the system effectively untested at depth and along strike using modern techniques.It is worth being precise about the numbers, because the company is. The mid-century tonnage figures — historical estimates on the order of 150,000 to 200,000 tons of scheelite-bearing tactite — are explicitly described as historical in nature. They predate and do not comply with NI 43-101, have not been verified by a qualified person as current mineral resources, and the company is not treating them as current resources or reserves. They are presented as a record of past work, not as a defined resource. That distinction matters, and the company's willingness to draw it clearly is a marker of disciplined disclosure rather than hype.The Contract That Never Got DrilledThe most intriguing feature of Eagle Point is the one that ties its past directly to the present moment. In 1955, the U.S. government — through the Defense Minerals Exploration Administration, a Cold War-era program created to spur domestic production of strategically vital minerals — drafted and signed a contract (Idm-E783, Docket DMEA-3701) agreeing to fund 75% of a program of shaft sinking and diamond drilling at Eagle Point. The government, in short, looked at this deposit during a previous period of tungsten anxiety and decided it was worth federal money to drill out. Then, for reasons lost to history, the contract was never executed and the planned drilling never happened.That detail is more than a historical curiosity. It means the deposit carries a federal stamp of strategic interest, and that the very exploration work the government once deemed worthwhile — testing the system at depth — has still never been done. "Eagle Point is the kind of asset you build a company around," said Blake Morgan, CEO and President of Western Star, pointing to the combination of high-grade tungsten, a documented production history, eight surface skarn bodies, and a tier-one U.S. jurisdiction in a deposit "never once … touched by modern exploration." He framed the federal backing pointedly: the deposit was "prospective enough that the U.S. Government approved and funded an exploration contract over it in the 1950s — one that was never drilled."The Plan From HereWestern Star intends to advance Eagle Point with the same systematic, modern toolkit it is applying across its U.S. tungsten portfolio — the kind of work the 1950s program never delivered. The proposed program centers on a property-wide, high-resolution drone magnetic survey to map the skarn-intrusive contact and generate drill targets; systematic rock-chip and soil geochemical sampling to follow up the high-grade USGS results and characterize the distribution of tungsten and molybdenum; and field mapping with ultraviolet fluorescence surveying to rapidly identify scheelite across the outcrops and dumps. The results are intended to prioritize targets and support the drill-permitting process that would, at long last, test the deposit at depth.The technical work carries the credibility of a named qualified person: the scientific and technical information has been reviewed and approved by Jasper Mowatt, a qualified person under NI 43-101. And the timing aligns with the policy backdrop — recent U.S. directives prioritize fast-tracking domestic tungsten projects, with federal grants and defense-sector support potentially available for qualifying critical-mineral assets, exactly the category Eagle Point is positioned to fit.The Tungsten Names Investors Are WatchingWestern Star is one of a small group of public companies racing to build Western-aligned tungsten supply, and looking at the broader field helps frame both the scale of the opportunity and where an early-stage explorer sits within it.Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII) is the bellwether of the entire sector. Described as the largest Western-aligned tungsten producer, Almonty began active mining at its Sangdong project in South Korea in late 2025 and has positioned itself as the anchor of a non-China tungsten supply chain for the U.S. and its allies, reporting sharp revenue growth and drawing bullish analyst coverage. Almonty illustrates the production-stage destination of the thesis — a company already turning the supply-security narrative into output and revenue — against which earlier-stage explorers like Western Star can be measured.Guardian Metal Resources PLC (NYSE American: GMTL) (AIM: GMET) (OTCQB: GMTLF) may be the closest stage-and-geography comparison. The company is advancing U.S. tungsten projects — including its Pilot Mountain and Tempiute assets in Nevada — squarely on the domestic-supply thesis, and completed a U.S. listing on the NYSE American in March 2026. As another developer working to revive American tungsten in a tier-one jurisdiction, Guardian is a useful reference point for how the market values a U.S.-focused tungsten story that is advancing toward, but has not yet reached, production.EQ Resources Limited (ASX: EQR) (OTCPK: EQRMF) represents the established, non-China producer angle from the other side of the world. Operating the Mt Carbine tungsten project in Queensland, Australia and the Barruecopardo mine in Spain, EQ Resources is among the largest tungsten producers outside Chinese control — a reminder that the Western supply response spans multiple continents, and that allied production, not just U.S. production, is part of how the procurement gap gets filled.Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) rounds out the group as the broader U.S. critical-minerals diversifier. Best known as a leading domestic uranium producer, Energy Fuels has expanded into rare earths and other critical minerals, positioning itself as a multi-commodity vehicle for the same reshoring wave driving tungsten. It illustrates how the critical-minerals theme that makes a tungsten deposit like Eagle Point strategically valuable extends across a whole basket of materials the U.S. is racing to source domestically. These companies are referenced to illustrate the sector and do not imply any partnership, endorsement, affiliation, or comparable financial performance; they span different metals, jurisdictions, sizes, and stages, and Western Star sits among the earliest-stage, pre-resource names.The Opportunity and the CaveatsThe appeal of the Eagle Point acquisition is easy to articulate: a brownfield, past-producing tungsten deposit with high-grade surface samples, eight skarn bodies, a documented federal history, and a tier-one U.S. location, acquired precisely as a defense-procurement cliff and Chinese export controls turn domestic tungsten into a strategic priority. Few junior acquisitions check that many boxes at once.The caveats are equally important. Western Star is an early-stage exploration and development company; Eagle Point has no current, NI 43-101-compliant mineral resource, and the historical tonnage figures cannot be relied upon as current. The standout 27.6% WO3 result is a selective surface sample, not a representative grade for the deposit, and high-grade grab samples by their nature do not reflect what systematic drilling will ultimately define. The proposed work program — surveys, sampling, and eventual drilling — carries the usual exploration, permitting, and financing risks, and the company has not yet drilled the targets that would convert promise into a defined resource. Exploration outcomes are inherently uncertain, and investors should weigh the strategic appeal against that reality.Still, the larger trajectory is hard to dispute. A metal the U.S. cannot currently produce domestically, controlled overwhelmingly by a strategic rival, subject to a fast-approaching procurement deadline, with prices up enormously over the past year — that is a sector with powerful structural tailwinds. Western Star has responded by acquiring a deposit the U.S. government itself once wanted drilled, and positioning it at the center of an American critical-minerals platform. Whether Eagle Point ultimately delivers will be settled by the drill bit. But the strategic logic of owning high-grade, past-producing U.S. tungsten at this particular moment is about as clear as it gets in the junior-mining world.CONTINUED … Learn more about Western Star Resources Inc. at: https://equity-insider.com/wsr-landingSEE WHAT THE MARKET IS TALKING ABOUT BEFORE IT MOVESEagle Eye reads social, forum, and news chatter across thousands of investor conversations in real time — and surfaces the tickers the crowd is piling into, along with the sentiment and catalysts behind them.Explore Eagle Eye free (for now) at https://Eagle-Eye.devCONTACT:
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info @therooster-2873SOURCES:1. Western Star Resources Inc. — "Western Star Resources Acquires the Past-Producing Eagle Point Tungsten Mine, New Mexico…" (company press release, June 2026; primary source for the acquisition, USGS grades, DMEA contract history, claims, CEO Blake Morgan quotes, and QP Jasper Mowatt): https://www.westernstarresources.com/news
2. U.S. Tungsten Supply Chain Tightens (PR Newswire / Equity Insider, May 27, 2026; APT Rotterdam ~US$3,185/MTU, ~900% increase, DFARS Jan 1 2027 cliff, peer set WSR / ALM / GMET / EQR / UUUU): https://www.prnewswire.com/news-releases/us-tungsten-supply-chain-tightens-as-a-nevada-past-producer-mobilizes-drone-geophysics-and-property-wide-soil-geochemistry-toward-drill-ready-targets-302783006.html
3. Almonty Industries Inc. — Shareholder letter, "Long-Term Plan to Anchor Western Tungsten Supply Chain" (Jan 20, 2026; Sangdong production, China ~80%+ supply, critical-metal status): https://almonty.com/shareholder-letter-outlines-long-term-plan/
4. U.S. Geological Survey — Mineral Commodity Summaries: Tungsten (U.S. import reliance, no domestic commercial production, global supply concentration): https://www.usgs.gov/centers/national-minerals-information-center/tungsten-statistics-and-information
5. Clinkscales, C. & Lawton, T. (2017), "Mesozoic–Paleogene structural evolution … Little and Big Hatchet Mountains, southwest New Mexico," Geosphere (regional geological setting of the Little Hatchet district): https://doi.org/10.1130/GES01539.1DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. equity-insider.com is a wholly-owned subsidiary of Market IQ Media Group Limited, a company incorporated under the laws of Ireland. ("MIQL"). MIQL has been paid a fee for Western Star Resources Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares Western Star Resources Inc., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQL do not own any shares of Western Star Resources Inc. but reserve the right to buy and sell, and will buy and sell shares of Western Star Resources Inc. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQL has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. View original content to download multimedia:https://www.prnewswire.com/news-releases/a-wartime-tungsten-mine-the-us-government-wanted-drilled--but-never-did--just-changed-hands-302798916.html Original: A Wartime Tungsten Mine the U.S. Government Wanted Drilled -- but Never Did -- Just Changed Hands
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The Metal You've Never Heard Of Is Becoming a National-Security Priority -- and America Barely Mines ItJune 12, 2026 10:20 AM
PR Newswire (Canada) Issued on behalf of NevGold Corp.Antimony goes into ammunition, flame retardants, and next-generation batteries — and the United States produces almost none of it. A wave of capital is now chasing the few companies that could change that.ELKO COUNTY, Nev., June 12, 2026 /CNW/ -- American News Group News Commentary — Gold gets the headlines. Antimony gets the strategic memos. While investors spent the past two years watching bullion set records, a far more obscure metal quietly became one of the most geopolitically charged materials on the periodic table. Antimony is essential to military ordnance, flame retardants, semiconductors, and a new generation of grid-scale batteries — and the United States, by most accounts, mines effectively none of it domestically while leaning on imports from countries that have shown a willingness to use that dependence as leverage. That combination, scarcity plus strategic necessity, has turned a once-overlooked byproduct metal into a national priority, and it is reshaping how investors look at a small group of North American developers. Among the companies stepping into that gap is NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50), a Vancouver-based exploration and development company whose flagship Limousine Butte project in eastern Nevada has, over the past year, transformed from a gold story into a gold-and-antimony story — and, increasingly, into a bet on whether America can rebuild a domestic supply chain for a metal it has almost entirely outsourced. The trajectory of NevGold's field, and of the company's own positioning within it, is a window into one of the most under-appreciated corners of the critical-minerals boom.Why Antimony Suddenly MattersFor decades, antimony was treated as an industrial afterthought — a metal used to harden lead, retard flames, and clarify glass, sourced cheaply from abroad and rarely discussed. That complacency ended abruptly when the metal's supply chain collided with geopolitics. China dominates global antimony production and processing, and when export controls tightened, Western governments were confronted with an uncomfortable reality: a material critical to defense and energy applications was overwhelmingly controlled by a single strategic rival. The United States formally classifies antimony as a critical mineral, and its applications read like a list of national-security priorities — ammunition and military hardware, night-vision and infrared, flame retardants, and emerging long-duration energy storage.The result has been a scramble to rebuild domestic and allied supply. The clearest signal came in May 2026, when Perpetua Resources secured an approximately US$2.9 billion senior secured loan from the Export-Import Bank of the United States under the "Make More in America" initiative to advance its Stibnite gold-antimony project in Idaho — a project widely described as the only large-scale domestic antimony resource. When the U.S. government commits billions to a single antimony project, it is making a statement about how seriously it now treats the supply gap. And it casts a spotlight on every other company with a credible domestic antimony story, because one project alone cannot close the gap.NevGold's Place in the PictureNevGold's flagship Limousine Butte, or "Limo Butte," sits in White Pine County in eastern Nevada — a brownfield site that hosted a previously mined open-pit, heap-leach gold operation in the late 1980s. That history is central to the company's pitch. Because the site was mined before, it comes with existing disturbance and infrastructure, and crucially, with historical gold leach pads whose material was never processed for antimony. NevGold believes that at-surface, already-mined material could offer an unusually fast path to antimony output, and the company has publicly targeted potential near-term U.S. antimony production within roughly 12 to 18 months, ahead of the multi-year timelines that typically govern new mines.The technical results have supported the thesis. NevGold has reported high-grade, near-surface oxide antimony-gold intercepts — including a headline interval of 1.93 grams per tonne gold-equivalent over 100.6 metres from surface at its Resurrection Ridge area, and a separate hole grading 4.91 g/t gold-equivalent over 27.4 metres — and metallurgical testwork indicating that antimony and gold can be sequentially recovered from the same feed stream, with gold recoveries above 93% after antimony leaching. CEO Brandon Bonifacio has framed Limo Butte as one of the highest-grade antimony projects in North America that is both near-surface and oxide, attributes that tend to simplify processing. The company is advancing toward a maiden antimony-gold mineral resource estimate expected in mid-2026 — a milestone that would, for the first time, put defined numbers around the opportunity.*Gold equivalents ("AuEq") referenced herein are as disclosed in the Company's news release and are based on assumed metals prices of US$3,000/oz of gold and US$40,000 per tonne of antimony, and assumed metals recoveries of 80% for gold and 75% for antimony.Behind that work sits a strengthened balance sheet. In the spring of 2026, NevGold upsized a brokered private placement to C$42 million, providing capital to fund a 20,000-metre drill program focused on resource conversion, expansion of its 2025 Bullet Zone and Armory Fault discoveries, and new targets across a consolidated land package. For a junior explorer, a well-funded treasury paired with a clear catalyst calendar is exactly what allows a strategic thesis to be tested rather than merely talked about.The Field NevGold Is Competing InNevGold is one of a cohort of companies racing to build Western-aligned supply for critical and precious metals, and looking at how a few peers are positioned helps frame both the opportunity and the scale of the challenge.Perpetua Resources Corp. (NASDAQ: PPTA) (TSX: PPTA) is the defining reference point for the domestic-antimony thesis. Its Stibnite project in Idaho — a dual gold-and-antimony asset — secured an approximately US$2.9 billion EXIM loan in 2026 and is positioned as the flagship of America's antimony-reshoring effort. Perpetua operates at a scale and stage well beyond NevGold, but it validates the entire category: it demonstrates that the U.S. government is prepared to back domestic antimony with serious capital, which is precisely the tailwind a near-term developer like NevGold is trying to ride.United States Antimony Corporation (NYSE American: UAMY) is one of the few public companies with a long operating history specifically in antimony processing, running smelting and processing operations in North America. As an established, antimony-focused name, it illustrates the downstream side of the supply chain — the processing and refining capacity that any domestic antimony revival will ultimately need — and underscores that the bottleneck is not only mining but the ability to turn ore into usable product on home soil.Americas Gold and Silver Corporation (NYSE American: USAS) (TSX: USA) represents the producing end of the domestic-antimony story. A growing North American silver, copper, and antimony producer, its flagship Galena Complex in Idaho is described as the largest active antimony-producing mine in the United States, and in 2026 the company formed a joint venture with United States Antimony to build a domestic antimony processing hub — a "mine-to-finished product" solution — while reporting a breakthrough in high-purity antimony extraction from its concentrate. As an established producer already generating U.S. antimony units, Americas Gold and Silver illustrates the production-stage end of the spectrum that an earlier-stage developer like NevGold is working toward.Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII) rounds out the group as the tungsten-focused analogue — another China-dominated critical metal with heavy defense exposure. Almonty's move from development into production at its flagship mine, and the strong investor response to Western critical-metal supply stories, offers a template for how a single-commodity, supply-security narrative can re-rate as it crosses from exploration toward output. These companies are referenced to illustrate the sector and do not imply any partnership, endorsement, affiliation, or comparable financial performance; they span different metals, stages, and sizes, and NevGold sits among the earlier-stage, pre-resource names.Gold as the Anchor, Antimony as the CatalystIt would be a mistake to read NevGold purely as an antimony story. The company's projects are anchored in gold — a metal enjoying its own historic run — and the oxide, heap-leachable nature of much of Limo Butte's mineralization is what makes the economics potentially attractive in the first place. The elegance of the thesis is that antimony does not replace the gold case; it layers a strategic, policy-supported second metal on top of it. In an environment where investors prize both precious-metal exposure and critical-mineral leverage, a project that credibly offers both occupies unusually attractive ground.That said, the usual cautions for a junior developer apply in full. NevGold is an exploration and development company; it does not yet have a defined antimony-gold resource, its near-term production ambitions depend on successful metallurgy, engineering, and permitting, and exploration outcomes are inherently uncertain. Drill results, however encouraging, are not reserves, and timelines can slip. The forward-looking nature of the company's production targets means investors should weigh the strategic appeal against meaningful execution risk.A Sector at an Inflection PointStep back, and the larger trajectory is hard to miss. A metal that almost no one discussed five years ago is now the subject of billion-dollar government loans, export-control headlines, and a scramble for domestic supply. The question facing the sector is no longer whether antimony matters — policymakers have answered that — but which companies can actually deliver domestic ounces and tonnes, and how quickly. NevGold has placed itself in that conversation with a near-surface, oxide, brownfield project, a funded drill program, and a maiden resource estimate on the horizon. Whether it converts that positioning into production remains to be proven, but the current carrying the sector is unmistakable: the United States has decided it needs to make more of this overlooked metal at home, and the developers positioned to help are stepping into one of the more compelling supply-security stories in the market.CONTINUED … Learn more about NevGold Corp. at: https://usanewsgroup.com/nau-landing/SEE WHAT THE MARKET IS TALKING ABOUT BEFORE IT MOVESEagle Eye reads social, forum, and news chatter across thousands of investor conversations in real time — and surfaces the tickers the crowd is piling into, along with the sentiment and catalysts behind them.Explore Eagle Eye free (for now) at https://Eagle-Eye.devCONTACT:
American News Group
info@americannewsgroup.com SOURCES:[1] NevGold Corp. — "NevGold Congratulates Perpetua Resources On US$2.9 Billion Loan…; NevGold Rapidly Advancing its At-Surface Oxide, Antimony-Gold Limo Butte Project" (GlobeNewswire, May 22, 2026; near-term production target, antimony supply-chain context, CEO Bonifacio):https://www.globenewswire.com/news-release/2026/05/22/3300290/0/en/NevGold-Congratulates-Perpetua-Resources-On-US-2-9-Billion-Loan-for-the-Gold-Antimony-Stibnite-Project-in-Idaho-NevGold-Rapidly-Advancing-its-At-Surface-Oxide-Antimony-Gold-Limo-Bu.html[2] NevGold Corp. / TipRanks — "NevGold Advances Limousine Butte Toward Maiden Antimony-Gold Resource and Near-Term Output" (April 9, 2026; Resurrection Ridge intercept, MRE timing, critical-mineral framing):https://www.tipranks.com/news/company-announcements/nevgold-advances-limousine-butte-toward-maiden-antimony-gold-resource-and-near-term-output[3] NevGold Corp. — "NevGold Commences 20,000 Meter Drill Program at Antimony-Gold Limo Butte Project" (GlobeNewswire, May 21, 2026; drill program, Bullet Zone / Armory Fault):https://www.globenewswire.com/news-release/2026/05/21/3299234/0/en/NevGold-Commences-20-000-Meter-Drill-Program-at-Antimony-Gold-Limo-Butte-Project-Nevada-Streamlined-Focus-on-Resource-Building-Expansion-and-New-Discoveries.html[4] GlobeNewswire — "A Nevada Antimony-Gold Project, A Maiden Mineral Resource Estimate Coming, And C$42M In The Treasury" (May 13, 2026; C$42M financing, metallurgy, company profile):https://www.globenewswire.com/news-release/2026/05/13/3294281/0/en/A-Nevada-Antimony-Gold-Project-A-Maiden-Mineral-Resource-Estimate-Coming-And-C-42M-In-The-Treasury.html[5] Resource World — "Nevgold eyes gold-antimony resource estimate in Nevada" (March 2026; LB25-024 intercept, brownfield/oxide profile, peer context):https://resourceworld.com/nevgold-eyes-gold-antimony-resource-estimate-in-nevada/DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances.American News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed by American News Group on behalf of MIQ. MIQ has been paid a fee for NevGold Corp. advertising and digital media from Creative Direct Marketing Group ("CDMG"). This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this article or email as the basis for any investment decision. MIQ does not own shares of NevGold Corp. but reserves the right to buy and sell shares of NevGold Corp. at any time without any further notice. There may be 3rd parties who may have shares of NevGold Corp., and may liquidate their shares which could have a negative effect on the price of the stock. We also expect further compensation as an ongoing digital media effort to increase visibility for the company; no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been reviewed and approved on behalf of NevGold Corp. by CDMG; this is a digital media distribution.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our publication is not trustworthy unless verified by their own independent research. Comparisons to other companies referenced in this publication are for contextual and illustrative purposes only and do not imply any partnership, endorsement, affiliation, or comparable financial performance. Forward-looking statements regarding exploration, development, clinical, regulatory, production, and market outcomes are subject to risks and uncertainties, and actual results may differ materially. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. View original content to download multimedia:https://www.prnewswire.com/news-releases/the-metal-youve-never-heard-of-is-becoming-a-national-security-priority--and-america-barely-mines-it-302799131.html Original: The Metal You've Never Heard Of Is Becoming a National-Security Priority -- and America Barely Mines It
US Market News
2週前
Almonty Industries Announces Closing of its Oversubscribed Convertible Senior Notes Offering Including Full Exercise of Over-Allotment OptionJune 9, 2026 12:46 PM
Business WireSuccessful Closing Strengthens Almonty’s Balance Sheet to Support Its Emergence as a Leading Non-China Supplier of Strategic TungstenAlmonty Industries Inc. (“Almonty” or the “Company”) (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) today announced the successful closing of its previously announced significantly oversubscribed offering of US$700,000,000 aggregate principal amount of 2.25% convertible senior notes due 2031 (the “notes”), including the exercise in full by the initial purchasers of their option to purchase an additional US$100,000,000 aggregate principal amount of notes. The notes were offered in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).The net proceeds of the offering were approximately US$772.7 million, after deducting the initial purchasers’ discounts, commissions and Almonty’s offering expenses.Lewis Black, Chairman, President & Chief Executive Officer of Almonty, commented: “The successful closing of this significantly oversubscribed offering, including the full exercise of the over-allotment option, reflects the strong conviction institutional investors have in Almonty and in the essential role tungsten plays in the defense and advanced technology supply chains of the West. This financing meaningfully strengthens our balance sheet and enhances our financial flexibility as we advance the development of our flagship Sangdong Mine and work to establish a secure, conflict-free, non-China source of this strategic metal for the United States and its allies.”The offer and sale of the notes and any common shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any common shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.About AlmontyAlmonty (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to be a major contributor to the global non-China tungsten supply chain upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in the U.S. and Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness.Forward-Looking StatementsThis news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.Forward-looking statements in this news release include, but are not limited to, statements concerning the expectations with respect to the offering and the capped call transaction; the potential impact on dilution to the common shares and the market price of the common shares and the trading of the notes; and the advancement of the Sangdong Mine.Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate.Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the absence of material adverse changes in our industry or the global economy, including interest rate fluctuations, inflationary pressures, supply chain disruptions, and commodity market volatility; and trends in our industry and markets, including the competitive environment.Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the risks identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026 under the heading “Risk Factors” and in the Company’s management’s discussion and analysis for the three months ended March 31, 2026 and 2025 dated May 11, 2026 under the heading “Risks and Uncertainties”. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary.Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.View source version on businesswire.com: https://www.businesswire.com/news/home/20260609927148/en/Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.comInvestor Relations Contact
Lucas A. Zimmerman
Managing Director MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us Original: Almonty Industries Announces Closing of its Oversubscribed Convertible Senior Notes Offering Including Full Exercise of Over-Allotment Option
US Market News
2週前
Almonty Announces Results of Annual General Meeting of ShareholdersJune 9, 2026 12:45 PM
Business Wire Almonty Industries Inc. (“Almonty” or the “Company“) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten critical to U.S. defense and advanced technology industries, announces the results of its annual general meeting of shareholders (the “Meeting”) held today. 1. NUMBER OF DIRECTORS The number of directors of the Company was set at seven (7). Detailed results of the votes are as set out below. Votes For % For Votes Against % Against 151,414,408 99.86% 206,536 0.14% 2. ELECTION OF DIRECTORS The seven (7) nominees listed in the Company’s management information circular dated April 29, 2026 provided in connection with the Meeting were elected as directors of the Company. Detailed results of the votes are as set out below. The board of directors remains committed to a thoughtful approach to its governance maturation, with the future focused on the necessary board skills and diversity that reflect the requirements of the Company’s broadening stakeholder base, its growing prominence in U.S. capital markets, and the heightened expectations that come with being a global industry leader. Nominee Votes For % For Votes Against % Against Lewis Black 120,136,208 79.23% 31,484,735 20.77% Daniel D’Amato 95,710,622 63.12% 55,910,322 36.88% Mark Trachuk 97,840,898 64.53% 53,780,045 35.47% Andrew Frazer 115,060,356 75.89% 36,560,587 24.11% David Hanick 107,312,534 70.78% 44,308,409 29.22% General Gustave F. Perna 151,265,661 99.77% 355,283 0.23% Alan Estevez 151,233,795 99.74% 387,149 0.26% 3. APPOINTMENT OF AUDITORS Zeifmans LLP was reappointed as the auditor of the Company until the close of the next annual meeting of shareholders, and the board of directors of the Company was authorized to fix their remuneration. Detailed results of the votes are set out below. Votes For % For Votes Withheld % Withheld 150,892,210 99.52% 728,734 0.48% For a full description of the results of the Meeting, refer to the Company’s Report of Voting Results dated June 9, 2026 and filed on the Company’s profile on SEDAR+ at www.sedarplus.ca. About Almonty Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Tungsten Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to be a major contributor to the global non-China tungsten supply chain upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in Spain and the United States, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit https://almonty.com. Legal Notice The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the advancement of the Sangdong Mine and the diversity and skills of the board of directors. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the absence of material adverse changes in our industry or the global economy, including interest rate fluctuations, inflationary pressures, supply chain disruptions, and commodity market volatility; and trends in our industry and markets, including the competitive environment. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the risks identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026 under the heading “Risk Factors” and in the Company’s management’s discussion and analysis for the three months ended March 31, 2026 and 2025 dated May 11, 2026 under the heading “Risks and Uncertainties” and the risk that any corporate governance changes will not be implemented. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260609867494/en/ Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com Investor Relations Contact
Lucas A. Zimmerman
Managing Director MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us Original: Almonty Announces Results of Annual General Meeting of Shareholders
US Market News
3週前
America's Antimony Gap Is Washington's Problem -- and NevGold Is Racing to Help Close ItJune 5, 2026 11:12 AM
PR Newswire (US) Issued on behalf of NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50)With a freshly funded treasury, a 20,000-meter drill program underway and a maiden antimony-gold resource targeted for Q2, a Nevada brownfield project is positioning itself near the front of a very short line of domestic antimony hopefuls.VANCOUVER, BC, June 5, 2026 /PRNewswire/ -- American News Group News Commentary – There is a strategic vulnerability buried in the supply chain of nearly every modern weapons system, and Washington has finally started treating it like one. The metal is antimony — a hardener for munitions, a component in flame retardants, night-vision gear and a long list of defense applications — and the United States does not have a single operating primary antimony mine. That gap is precisely the opportunity that NevGold Corp. (TSXV: NAU) (OTCQX: NAUFF) (Frankfurt: 5E50) has spent the past several months racing to address at its Limousine Butte project in Nevada. The Backstory: From Gold Explorer to Critical-Minerals Contender
NevGold is a Vancouver-based exploration and development company with a portfolio of 100%-owned projects across Nevada and Idaho, led by the Limousine Butte gold-antimony project in Nevada and the Nutmeg Mountain gold project in Idaho. What began as a gold story has, over the past year, evolved into something more strategically charged. As drilling at Limo Butte repeatedly returned not just gold but meaningful antimony grades, the company recognized it was sitting on something the U.S. government increasingly wants: a domestic, at-surface source of a critical mineral that is overwhelmingly controlled by China.Limo Butte is a brownfield site — a former mine with existing disturbance and historical infrastructure — hosting near-surface oxide mineralization amenable to leaching. That combination matters. Brownfield status can ease permitting and shorten timelines, while oxide, heap-leachable material is generally cheaper and faster to process than refractory, sulphide ore. The company has framed the project around a two-part thesis: near-term antimony production from historical leach pads, followed by broader gold-antimony development across the wider property.The News: A Catalyst-Dense Stretch
NevGold has packed an unusual amount of news into a short window. In May, the company closed an upsized brokered private placement of approximately C$42 million, giving it one of the stronger treasuries among junior antimony-gold developers and removing the financing overhang that so often stalls exploration plays at exactly the wrong moment. Around the same time, it commenced a 20,000-meter drill program at Limo Butte, with a streamlined focus on resource building, expansion and new discoveries.On the technical side, the company has reported consistent oxide antimony-gold mineralization from the historic crushed leach pad — including an interval of 0.32% antimony and 0.39 g/t gold over 14.9 meters — and, in late May, striking surface sampling results from the historical Pre-Strip Dump, with grades reported up to 53.7% antimony and fourteen samples exceeding 2% antimony. Earlier metallurgical testwork had indicated up to 99% gold recovery and a processing sequence in which antimony can be leached first with minimal impact on subsequent gold recovery — a potential pathway to near-term antimony output followed by gold extraction.Crucially, the company has reiterated that its maiden antimony-gold Mineral Resource Estimate remains targeted for the second quarter of 2026, a milestone that would convert a steady stream of drill headlines into a defined, quantifiable resource. Investors tracking that catalyst can follow the company's progress through its American News Group profile page.Why It Matters Now: A Policy Tailwind With Real Money Behind It
Antimony has moved from obscure industrial input to front-page strategic priority. It is classified as a top-priority critical mineral by the U.S. Geological Survey and prioritized by U.S. defense authorities, and the urgency intensified after China tightened its grip on antimony exports. The policy response is no longer rhetorical — it now comes with capital. The clearest signal arrived when the board of the U.S. Export-Import Bank approved a US$2.9 billion loan commitment in support of Perpetua Resources' Stibnite gold-antimony project in Idaho, a landmark vote of federal confidence in domestic antimony supply.NevGold publicly congratulated Perpetua on that milestone while positioning its own at-surface oxide Limo Butte project as a complementary, potentially faster-to-first-production story. The logic is straightforward: the United States needs more than one domestic antimony source, and projects that can reach production quickly — brownfield, oxide, heap-leachable — carry strategic weight out of proportion to their size. More technical and project background is available on the company's investor landing page.The China Factor
To understand why a Nevada brownfield project is suddenly strategically interesting, it helps to understand how concentrated antimony supply has become. China has long dominated global antimony mining and processing, and when it moved to restrict exports of the metal, the effect rippled quickly through Western defense and industrial supply chains. Antimony is not easily substituted in many of its uses — it hardens lead in munitions and batteries, plays a role in flame retardants, and is essential to certain night-vision and infrared applications — which means a supply squeeze is not merely an inconvenience but a national-security concern. Prices responded accordingly, climbing to levels that transformed the economics of projects that had languished for years.That repricing is the backdrop against which NevGold's Limo Butte results should be read. Surface samples grading as high as 53.7% antimony are extraordinary by any historical standard, and while grab and grid samples are selective by nature and not necessarily representative of the broader deposit, they point to the presence of very high-grade antimony at surface on a site that has already been disturbed by prior mining. For a country with zero operating primary antimony mines, even a modest domestic source carries strategic value that its tonnage alone would not capture.Inside Limousine Butte
Limo Butte's appeal is rooted in a combination of factors that rarely appear together. It is located in Nevada, consistently ranked among the world's most attractive mining jurisdictions for its geology, infrastructure and permitting environment. It is a brownfield site, meaning prior disturbance and historical data reduce some of the uncertainty and timeline risk that greenfield projects face. And its mineralization is oxide and near-surface — the kind of material that lends itself to lower-cost heap-leach processing rather than the capital-intensive flotation and roasting required for refractory ores.The company's near-term thesis centers on the historical leach pads and waste dumps left behind by past operations, which appear to contain significant antimony that was never the target when the site was mined for gold decades ago. Recovering antimony from already-mined material is, in principle, one of the fastest possible routes to production, since much of the heavy lifting of extraction has already been done. Layered on top of that is the broader exploration upside across the wider property, where the ongoing 20,000-meter program is testing for resource expansion and new discoveries using the geological model NevGold has refined through successive drill campaigns. The interplay between a quick-to-production leach-pad scenario and a larger conventional resource is what gives the project two distinct ways to create value.The Peer Group
NevGold sits within a small cohort of companies that federal capital and defense planners are watching closely. Perpetua Resources Corp. (Nasdaq: PPTA) is the most advanced of the group, advancing its Stibnite gold-antimony project in Idaho with the backing of that US$2.9 billion EXIM loan commitment and expectations of supplying a meaningful share of U.S. antimony demand in its early production years. United States Antimony Corporation (NYSE American: UAMY) operates antimony smelting and processing capacity in North America and has been expanding its domestic footprint as demand for non-Chinese supply accelerates.Beyond the pure antimony names, the comparison broadens to critical-minerals developers tying resource projects to defense demand. Almonty Industries Inc. (Nasdaq: ALM) is best known for tungsten but is squarely part of the Western critical-minerals supply-chain build-out, while Nova Minerals Limited (Nasdaq: NVA) has advanced an antimony-gold angle at its Estelle project in Alaska, drawing its own share of government interest. Against that backdrop, NevGold's distinguishing features are its brownfield, at-surface oxide setting and its explicit near-term production framing — attributes that, if borne out by the coming resource estimate, could position it as one of the more execution-ready names in the domestic antimony conversation.The Bottom Line
NevGold has assembled the ingredients that junior-mining investors look for in a catalyst window: a funded treasury, an active drill program, consistent grades, a clear near-term production thesis and a maiden resource estimate on the near horizon — all set against a policy backdrop in which Washington is actively writing checks for domestic antimony. None of that guarantees an economic mine; resource estimates, metallurgy, permitting and commodity prices all still have to cooperate. But few junior developers are as well-positioned to capitalize on America's antimony gap. Readers can follow the maiden resource estimate and drill results as they land via the company's NevGold landing page.TRACK THE TREND WITH EAGLE EYE:
To help investors track sentiment and market-forum activity around developing stories like this one, MIQ offers Eagle Eye, a free investor-signal tool that scans market-forum discussion for emerging trends. It is available to everyone at EagleEye.usanewsgroup.com as a research aid — not investment advice — to help investors make more informed decisions.CONTACT:
AmericanNewsGroup.com
info @therooster-2873SOURCES:
[1] NevGold Corp., "NevGold Announces Up To 53.7% Antimony, And Fourteen Samples Over 2% Antimony, From Surface Sampling On Pre-Strip Dump," May 28, 2026.
[2] NevGold Corp., "NevGold Commences 20,000 Meter Drill Program at Antimony-Gold Limo Butte Project, Nevada," May 21, 2026; and "Closing of Upsized $42M Brokered Private Placement Financing," May 12, 2026.
[3] NevGold Corp., "NevGold Congratulates Perpetua Resources On US$2.9 Billion Loan...," May 22, 2026.
[4] Yahoo Finance issuer listings for referenced comparable companies (tickers/exchanges as of June 2026).NAU – AMERICAN NEWS GROUP DISCLAIMER:
Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a digital media distribution and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. This article is being distributed by American News Group on behalf of Market IQ Media Group Inc. ("MIQ"). Regarding this publication, MIQ has been paid a fee for NevGold Corp. advertising and digital media from Creative Direct Marketing Group ("CDMG"). There may be 3rd parties who may have shares of NevGold Corp., and may liquidate their shares which could have a negative effect on the price of the stock. The owner/operator of MIQ does not currently own shares of NevGold Corp. but reserves the right to buy and sell, and will buy and sell shares of NevGold Corp. at any time without any further notice commencing immediately and ongoing. This potential for trading constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this, individuals are strongly encouraged to not use this publication as the basis for any investment decision. Please let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been reviewed and approved on behalf of NevGold Corp. by CDMG.While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. View original content to download multimedia:https://www.prnewswire.com/news-releases/americas-antimony-gap-is-washingtons-problem--and-nevgold-is-racing-to-help-close-it-302792809.html Original: America's Antimony Gap Is Washington's Problem -- and NevGold Is Racing to Help Close It
CA Market News
3週前
Almonty Industries Prices Oversubscribed US$700 Million Convertible Senior Notes OfferingJune 5, 2026 1:09 AM
Business Wire Almonty Industries Inc. (“Almonty” or the “Company”) (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) today announced the pricing of its oversubscribed offering of US$700,000,000 aggregate principal amount of 2.25% convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on June 9, 2026, subject to customary closing conditions. Almonty also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional US$100,000,000 aggregate principal amount of notes. The notes will be senior, unsecured obligations of Almonty and will accrue interest at a rate of 2.25% per annum, payable semi-annually in arrears on January 1 and July 1 of each year, beginning on January 1, 2027. The notes will mature on July 1, 2031, unless earlier repurchased, redeemed or converted. Before April 1, 2031, noteholders will have the right to convert their notes only upon the occurrence of certain events. From and after April 1, 2031, noteholders may convert their notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. Almonty will settle conversions by delivering common shares, or may choose to pay or deliver, as applicable, either cash or a combination of cash and common shares, at Almonty’s election. The initial conversion rate is 36.4950 common shares per US$1,000 principal amount of notes, which represents an initial conversion price of approximately US$27.40 per common share. The initial conversion price represents a premium of approximately 32.5% over the last reported sale price of US$20.68 per common share on June 4, 2026. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events. The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Almonty’s option at any time, and from time to time, on or after July 1, 2029 and on or before the 40th scheduled trading day immediately before the maturity date, but only if the last reported sale price per common share exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. In addition, the notes will be redeemable, in whole and not in part, at Almonty’s option at any time in connection with certain changes in tax law. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If a “fundamental change” (as defined in the indenture for the notes) occurs, then, subject to a limited exception, Almonty will be required to offer to each noteholder to repurchase its notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. Almonty estimates that the net proceeds from the offering will be approximately US$675.9 million (or approximately US$772.7 million if the initial purchasers fully exercise their option to purchase additional notes), after deducting the initial purchasers’ discounts and commissions and Almonty’s estimated offering expenses. Almonty intends to use approximately US$83.0 million of the net proceeds to fund the cost of entering into the capped call transactions described below. Almonty intends to use approximately US$50.0 million of the remainder of the net proceeds to refinance existing debt and liabilities and approximately US$543.0 million of the remainder of the net proceeds for working capital and general corporate purposes, which may include, without limitation, acquisitions of assets or businesses. If the initial purchasers exercise their option to purchase additional notes, then Almonty intends to use a portion of the additional net proceeds to fund the cost of entering into additional capped call transactions as described below. In connection with the pricing of the notes, Almonty entered into privately negotiated capped call transactions with one or more of the initial purchasers of the notes and/or their affiliates or other financial institutions (the “option counterparties”). The capped call transactions will initially cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of common shares initially underlying the notes. If the initial purchasers exercise their option to purchase additional notes, then Almonty expects to enter into additional capped call transactions with the option counterparties. The cap price of the capped call transactions will initially be US$41.36 per share, which represents a premium of 100% over the last reported sale price of Almonty’s common shares of US$20.68 per share on June 4, 2026, and is subject to certain adjustments under the terms of the capped call transactions. The capped call transactions are expected generally to reduce the potential dilution to Almonty’s common shares upon any conversion of the notes and/or offset any potential cash payments Almonty is required to make in excess of the principal amount of converted notes, as the case may be, upon conversion of the notes. If, however, the market price per common share, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. Almonty has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Almonty’s common shares and/or purchase Almonty’s common shares concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Almonty’s common shares or the notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Almonty’s common shares and/or purchasing or selling Almonty’s common shares or other securities of Almonty in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and (x) are likely to do so during the relevant valuation period under the capped call transactions and (y) are likely to do so following any early conversion or repurchase of the notes by Almonty, if Almonty elects to unwind a corresponding portion of the capped call transactions in connection with such early conversion or repurchase). This activity could also cause or avoid an increase or a decrease in the market price of Almonty’s common shares or the notes, which could affect the ability to convert the notes, and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the number of shares and value of the consideration that noteholders will receive upon conversion of the notes. The offer and sale of the notes and any common shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any common shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. The closing of the offering is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSX. About Almonty Almonty (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to be a major contributor to the global non-China tungsten supply chain upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in the U.S. and Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. Forward-Looking Statements This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the completion of the offering, the expected amount and the intended use of the net proceeds, the effects of entering into, the capped call transactions described above, and the advancement of the Sangdong Mine. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the absence of material adverse changes in our industry or the global economy, including interest rate fluctuations, inflationary pressures, supply chain disruptions, and commodity market volatility; trends in our industry and markets, including the competitive environment; our ability to complete the offering on the terms described herein or at all; and our intended use of the net proceeds of the offering. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the risks identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026 under the heading “Risk Factors” and in the Company’s management’s discussion and analysis for the three months ended March 31, 2026 and 2025 dated May 11, 2026 under the heading “Risks and Uncertainties”, the satisfaction of the closing conditions related to the offering and the risk that any corporate governance changes or alignments will not be implemented and/or that one or more directors may not be re-elected at the Company’s upcoming annual general meeting of shareholders. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Moreover, Almonty may not consummate the offering described in this press release and, if the offering is consummated, cannot provide any assurances regarding its ability to effectively apply the net proceeds as described above. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604069903/en/ Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com Investor Relations Contact
Lucas A. Zimmerman
Managing Director MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us Original: Almonty Industries Prices Oversubscribed US$700 Million Convertible Senior Notes Offering
US Market News
3週前
Almonty Industries Announces Proposed Convertible Senior Notes OfferingJune 4, 2026 5:00 PM
Business Wire Almonty Industries Inc. (“Almonty” or the “Company”) (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) today announced its intention to offer, subject to market and other conditions, $700,000,000 aggregate principal amount of convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Almonty also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $100,000,000 aggregate principal amount of notes. The notes will be senior, unsecured obligations of Almonty, will accrue interest payable semi-annually in arrears and will mature on July 1, 2031, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their notes in certain circumstances and during specified periods. Almonty will settle conversions by delivering common shares, or may choose to pay or deliver, as applicable, either cash or a combination of cash and common shares, at Almonty’s election. The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Almonty’s option at any time, and from time to time, on or after July 1, 2029 and on or before the 40th scheduled trading day immediately before the maturity date, but only if the last reported sale price per common share exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. In addition, the notes will be redeemable, in whole and not in part, at Almonty’s option at any time in connection with certain changes in tax law. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If certain corporate events that constitute a “fundamental change” occur, then, subject to a limited exception, Almonty will be required to offer to each noteholder to repurchase its notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering. Almonty intends to use a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions described below. Almonty intends to use the remainder of the net proceeds from the offering to refinance existing debt and liabilities and for working capital and general corporate purposes, which may include, without limitation, acquisitions of assets or businesses. If the initial purchasers exercise their option to purchase additional notes, then Almonty intends to use a portion of the additional net proceeds to fund the cost of entering into additional capped call transactions as described below. In connection with the pricing of the notes, Almonty expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the notes and/or their affiliates or other financial institutions (the “option counterparties”). The capped call transactions are expected to initially cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of common shares that will initially underlie the notes. If the initial purchasers exercise their option to purchase additional notes, then Almonty expects to enter into additional capped call transactions with the option counterparties. The capped call transactions are expected generally to reduce the potential dilution to Almonty’s common shares upon any conversion of the notes and/or offset any potential cash payments Almonty is required to make in excess of the principal amount of converted notes, as the case may be, upon conversion of the notes. If, however, the market price per common share, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. Almonty has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Almonty’s common shares and/or purchase Almonty’s common shares concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Almonty’s common shares or the notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Almonty’s common shares and/or purchasing or selling Almonty’s common shares or other securities of Almonty in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and (x) are likely to do so during the relevant valuation period under the capped call transactions and (y) are likely to do so following any early conversion or repurchase of the notes by Almonty, if Almonty elects to unwind a corresponding portion of the capped call transactions in connection with such early conversion or repurchase). This activity could also cause or avoid an increase or a decrease in the market price of Almonty’s common shares or the notes, which could affect the ability to convert the notes, and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the number of shares and value of the consideration that noteholders will receive upon conversion of the notes. The offer and sale of the notes and any common shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any common shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. The closing of the offering is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSX. About Almonty Almonty (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to be a major contributor to the global non-China tungsten supply chain upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in the U.S. and Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. Forward-Looking Statements This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering, the intended use of the proceeds, the anticipated terms of, and the effects of entering into, the capped call transactions described above, and the advancement of the Sangdong Mine. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the absence of material adverse changes in our industry or the global economy, including interest rate fluctuations, inflationary pressures, supply chain disruptions, and commodity market volatility; trends in our industry and markets, including the competitive environment; our ability to complete the offering on the terms described herein or at all; and our intended use of the net proceeds of the offering. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the risks identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026 under the heading “Risk Factors” and in the Company’s management’s discussion and analysis for the three months ended March 31, 2026 and 2025 dated May 11, 2026 under the heading “Risks and Uncertainties”, and the risk that any corporate governance changes or alignments will not be implemented and/or that one or more directors may not be re-elected at the Company’s upcoming annual general meeting of shareholders. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Moreover, Almonty may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604708106/en/ Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com Investor Relations Contact
Lucas A. Zimmerman
Managing Director MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us Original: Almonty Industries Announces Proposed Convertible Senior Notes Offering
CA Market News
3週前
Almonty Industries Announces Proposed Convertible Senior Notes OfferingJune 4, 2026 5:00 PM
Business Wire Almonty Industries Inc. (“Almonty” or the “Company”) (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) today announced its intention to offer, subject to market and other conditions, $700,000,000 aggregate principal amount of convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Almonty also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $100,000,000 aggregate principal amount of notes. The notes will be senior, unsecured obligations of Almonty, will accrue interest payable semi-annually in arrears and will mature on July 1, 2031, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their notes in certain circumstances and during specified periods. Almonty will settle conversions by delivering common shares, or may choose to pay or deliver, as applicable, either cash or a combination of cash and common shares, at Almonty’s election. The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Almonty’s option at any time, and from time to time, on or after July 1, 2029 and on or before the 40th scheduled trading day immediately before the maturity date, but only if the last reported sale price per common share exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. In addition, the notes will be redeemable, in whole and not in part, at Almonty’s option at any time in connection with certain changes in tax law. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If certain corporate events that constitute a “fundamental change” occur, then, subject to a limited exception, Almonty will be required to offer to each noteholder to repurchase its notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering. Almonty intends to use a portion of the net proceeds from the offering to fund the cost of entering into the capped call transactions described below. Almonty intends to use the remainder of the net proceeds from the offering to refinance existing debt and liabilities and for working capital and general corporate purposes, which may include, without limitation, acquisitions of assets or businesses. If the initial purchasers exercise their option to purchase additional notes, then Almonty intends to use a portion of the additional net proceeds to fund the cost of entering into additional capped call transactions as described below. In connection with the pricing of the notes, Almonty expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers of the notes and/or their affiliates or other financial institutions (the “option counterparties”). The capped call transactions are expected to initially cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of common shares that will initially underlie the notes. If the initial purchasers exercise their option to purchase additional notes, then Almonty expects to enter into additional capped call transactions with the option counterparties. The capped call transactions are expected generally to reduce the potential dilution to Almonty’s common shares upon any conversion of the notes and/or offset any potential cash payments Almonty is required to make in excess of the principal amount of converted notes, as the case may be, upon conversion of the notes. If, however, the market price per common share, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. Almonty has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Almonty’s common shares and/or purchase Almonty’s common shares concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Almonty’s common shares or the notes at that time. In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Almonty’s common shares and/or purchasing or selling Almonty’s common shares or other securities of Almonty in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and (x) are likely to do so during the relevant valuation period under the capped call transactions and (y) are likely to do so following any early conversion or repurchase of the notes by Almonty, if Almonty elects to unwind a corresponding portion of the capped call transactions in connection with such early conversion or repurchase). This activity could also cause or avoid an increase or a decrease in the market price of Almonty’s common shares or the notes, which could affect the ability to convert the notes, and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the number of shares and value of the consideration that noteholders will receive upon conversion of the notes. The offer and sale of the notes and any common shares issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any common shares issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful. The closing of the offering is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSX. About Almonty Almonty (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to be a major contributor to the global non-China tungsten supply chain upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in the U.S. and Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. Forward-Looking Statements This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the anticipated terms of the notes being offered, the completion, timing and size of the proposed offering, the intended use of the proceeds, the anticipated terms of, and the effects of entering into, the capped call transactions described above, and the advancement of the Sangdong Mine. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the absence of material adverse changes in our industry or the global economy, including interest rate fluctuations, inflationary pressures, supply chain disruptions, and commodity market volatility; trends in our industry and markets, including the competitive environment; our ability to complete the offering on the terms described herein or at all; and our intended use of the net proceeds of the offering. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the risks identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026 under the heading “Risk Factors” and in the Company’s management’s discussion and analysis for the three months ended March 31, 2026 and 2025 dated May 11, 2026 under the heading “Risks and Uncertainties”, and the risk that any corporate governance changes or alignments will not be implemented and/or that one or more directors may not be re-elected at the Company’s upcoming annual general meeting of shareholders. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Moreover, Almonty may not consummate the proposed offering described in this press release and, if the proposed offering is consummated, cannot provide any assurances regarding the final terms of the offering or the notes or its ability to effectively apply the net proceeds as described above. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604708106/en/ Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com Investor Relations Contact
Lucas A. Zimmerman
Managing Director MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us Original: Almonty Industries Announces Proposed Convertible Senior Notes Offering
CA Market News
3週前
The Metal China Controls Faces a 2027 U.S. Deadline -- and a Nevada Mine Just Made Its MoveJune 2, 2026 8:55 AM
PR Newswire (Canada) Issued on behalf of Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2)VANCOUVER, BC, June 2, 2026 /CNW/ -- Equity Insider News Commentary — Tungsten spent the better part of a decade as an afterthought in Western industrial policy—a metal everyone needed and almost no one outside China actually mined. That complacency is now colliding with a hard procurement deadline. After January 1, 2027, U.S. defense supply chains face restrictions on Chinese, Russian, Iranian and North Korean tungsten that reach from the mine all the way through finished powders, heavy alloys and magnets, a cliff written into DFARS 252.225-7052 and 10 U.S.C. §4872. The result has been a scramble to stand up non-Chinese supply, and a rerating of nearly every company with a credible path to producing the metal in a friendly jurisdiction. Against that backdrop, Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) has taken a step that, on its own, looks procedural—but in this market is anything but. The company has engaged KC Harvey Environmental, LLC to lead drill-permitting at its 100%-owned, past-producing Rowland Tungsten Property in Elko County, Nevada, and has opened formal dialogue with the U.S. Forest Service district that oversees the ground. For a junior explorer, the permitting clock and the procurement clock are now running in the same direction at the same time.See why Rowland is positioned for the tungsten supply squeeze — view the full Western Star investor briefing here.From the historical record to a federal applicationIn its June 3, 2026 release, Western Star confirmed it has retained KC Harvey Environmental to prepare and submit a Plan of Operations—USDA Forest Service form FS-2800-5, filed under 36 CFR 228A—covering the company's proposed Phase 2 drilling program at Rowland, and to manage the associated National Environmental Policy Act (NEPA) review. The company has also begun engagement with the Jarbidge District Ranger of the Mountain City–Ruby Mountains–Jarbidge Ranger District of the Humboldt-Toiyabe National Forest, the relevant federal authority for the property.The Plan of Operations is the principal authorization a company needs to drill on National Forest System lands, and it is the document on which a project's timeline frequently lives or dies. KC Harvey's scope, as described by the company, covers preparation of the Plan of Operations, supporting environmental baseline and reclamation planning, and coordination of the NEPA review with the Forest Service. Western Star says it intends to advance the federal application in parallel with state-level reclamation permitting and its ongoing Phase 1 and Phase 2 exploration programs at Rowland.The choice of consultant is itself a signal of intent. KC Harvey Environmental is a Bozeman, Montana–based firm specializing in mining permitting, reclamation and NEPA support across the western United States. Its mining services are led by founder Kevin Harvey, M.Sc., a board-certified professional soil scientist and the current president of the American Society of Mining and Reclamation. Bringing in a permitting specialist with that profile is the kind of move that tends to precede a serious push toward the drill bit rather than a placeholder filing."Engaging KC Harvey and opening dialogue with the Jarbidge District Ranger is the logical next step for Rowland," commented Blake Morgan, CEO and President of Western Star. "With Phase 1 field work confirming a materially larger exploration opportunity than the historical record suggested, our priority is to advance permitting in parallel with exploration so we are positioned to drill test the Rowland targets without delay."That last point—permitting in parallel rather than in sequence—is the strategic core of the announcement. Juniors often treat permitting as something to start once the geology is fully de-risked. With a 2027 procurement cliff approaching and tungsten supply tight, Western Star is treating the regulatory pathway as a critical-path item to be advanced alongside the science, not after it.Why "previously disturbed" mattersRowland's history is not just color—it is potentially a permitting advantage. The property hosts three confirmed zones of historical tungsten workings, and the company expects that the extensive existing disturbance will support its case that the project area is previously disturbed ground. In NEPA terms, a site that has already seen mining activity can, in many cases, follow a more streamlined environmental review than a true greenfield disturbance, because the baseline conditions and reclamation considerations are different.The historical numbers at Rowland are modest in absolute terms but striking in grade. Recorded output includes roughly 4.5 tons grading 3.38% WO3 in 1943, and on the order of 1,000 tons at 0.5–1.0% WO3 in the mid-1950s—figures that speak to high-grade scheelite mineralization left behind when tungsten prices collapsed and cheaper Chinese supply took over. Those grades are precisely the kind of legacy that becomes interesting again when the metal trades at multiples of where it sat a few years ago, and when buyers will pay a premium for units that never touch a Chinese supply chain.Western Star's technical disclosure on Rowland has been reviewed and approved by Jasper Mowatt, MIMMM and MAusIMM, a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Investors should note that historical production figures pre-date modern reporting standards and have not been verified as current mineral resources; they are indicative of the tenor of past mining rather than a present-day resource estimate.Want the full picture on Rowland's high-grade history and Phase 2 targets? Explore the project breakdown here.A market that has changed beyond recognitionThe reason a single permitting engagement carries weight is the metal market behind it. According to Fastmarkets, ammonium paratungstate (APT) assessments for the 88.5% WO3 CIF Rotterdam and Baltimore duty-free benchmark climbed from roughly $900–940 per metric tonne unit in January to a $1,650–1,900 range by mid-February as buyers scrambled to secure units—moves that trace directly to China's control of more than three-quarters of global supply and its tightening export posture. Pricing has stayed volatile and elevated since, with some assessments through the spring running well above $3,000 per mtu even as softer Chinese domestic demand introduced two-way risk into the spot market.The policy layer reinforces the price signal. China's 2026 mining quotas are being cut a further 8%, deepening a cumulative reduction relative to 2024 levels, and S&P Global analysis cited in market commentary has noted that even a mine breaking ground today would struggle to deliver meaningful supply before about 2030. For Western buyers facing the 2027 DFARS procurement cliff, that timeline gap is the entire investment thesis: the demand is mandated, the lead times are long, and the qualified Western supply simply does not yet exist at scale.It is worth distinguishing the company's primary news date from this commentary. Western Star issued its KC Harvey announcement on June 3, 2026; this article is syndicated market commentary published by USA News Group on behalf of Market IQ Media Group, Inc. and should not be read as the company's own disclosure.Four tungsten names investors are watching alongside Western StarWestern Star sits at the early, pre-drill end of the tungsten spectrum, which makes the broader peer group useful context for understanding where capital is flowing as the reshoring trade matures. Four operators—spanning producers and developers across North America, Europe, Asia and Australia—illustrate the range.Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII) is the name most often cited as the template for what a Western tungsten producer can become. In March 2026, Almonty completed Phase 1 commissioning of its Sangdong tungsten mine in South Korea—back in production after more than three decades—with the plant designed to process around 640,000 tonnes of ore annually for roughly 2,300 tonnes of tungsten concentrate per year. A Phase 2 expansion slated for 2027 is designed to roughly double that output, with the company targeting supply of about 40% of global tungsten demand outside China. Almonty has relocated its corporate headquarters to Montana and frames Sangdong explicitly around U.S. defense procurement requirements that mandate non-China sourcing after 2027.Guardian Metal Resources PLC (NYSE American: GMTL) (LON: GMET) (OTCQB: GMTLF) is arguably the closest structural and geographic comparison to Western Star. The company is advancing two past-producing Nevada tungsten projects—Pilot Mountain and Tempiute—and, per its May 6, 2026 update, is progressing a pre-feasibility study at Pilot Mountain supported by a U.S. Department of War $6.2 million Defense Production Act Title III investment, with a mine Plan of Operations targeted for submission to U.S. regulators in August 2026. Guardian completed a NYSE American listing on March 20, 2026. Its permitting-and-feasibility trajectory on Nevada ground is, in effect, a few steps ahead on the same road Western Star is now starting down at Rowland.EQ Resources Limited (ASX: EQR) rounds out the producer side from the Australia–Europe axis. Per its H1 FY2026 results, the company lifted half-year revenue 26% to A$43.96 million on tungsten concentrate production of 67,126 mtu across its Mt Carbine mine in Queensland and Barruecopardo mine in Spain, while narrowing its net loss sharply. Management has guided to a Mt Carbine ramp-up toward roughly 1,750 tonnes of WO3 annually by the end of 2026 as the operation moves into higher-grade in-situ ore. EQ underscores how operating leverage at an existing producer can swing results quickly when tungsten prices are running.American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) (FRA: RK90) is the closest peer on the explorer end of the spectrum. The company is advancing the IMA Mine Project in Lemhi County, Idaho—a past-producing underground tungsten mine on 22 patented claims that yielded approximately 199,449 mtu of WO3 between 1945 and 1957. American Tungsten is running a multi-rig drilling program to define a modern resource and assess a potential restart of underground operations, pursuing a phased strategy that begins with surface tailings before moving to underground rehabilitation. Like Western Star, its thesis rests on reactivating a high-grade historical asset rather than discovering one from scratch.Across all four, the common thread is the same one driving interest in Western Star: a Western jurisdiction, a defensible supply-chain story, and a buyer base that is increasingly willing—and in defense contexts, legally required—to pay up for non-Chinese tungsten.What to watch from hereFor Western Star specifically, the near-term catalysts now cluster around the permitting and exploration programs running in tandem. The company has said it will provide further updates upon submission of the Plan of Operations and as the NEPA review progresses—so the filing of the FS-2800-5 itself becomes the first concrete milestone to watch, followed by the Forest Service's determination on the appropriate level of environmental review. A streamlined pathway predicated on previously disturbed ground would be a meaningful de-risking event; a more involved review would extend the runway to drilling.Layered on top is the policy calendar. Canada's Critical Mineral Exploration Tax Credit framework, carried in Budget 2025 measures that received Royal Assent on March 26, 2026, offers a 30% credit stacked on top of the existing flow-through deduction structure for qualifying agreements—an increasingly relevant financing lever for tungsten-focused juniors looking to fund drill programs. And the 2027 federal procurement cliff continues to compress the window in which a credible, friendly-jurisdiction tungsten story can establish itself before defense buyers lock in their qualified suppliers.None of this changes the fundamental reality that Rowland remains an early-stage exploration property whose grades are documented in the historical record rather than a modern resource estimate. But the company's decision to put a specialist permitting consultant on the file and open the federal dialogue now—rather than wait—tells investors how Western Star reads the moment: a market where the scarce commodity may end up being not tungsten itself, but the time and permits required to bring Western ounces to surface before the deadline arrives.Stay ahead of the next Rowland milestone — get updates and the full Western Star story here.About Western Star ResourcesWestern Star Resources Inc. is a mineral exploration and development company whose objective is to increase shareholder value through cost-effective exploration, the acquisition of further exploration properties, and partnerships by joint venture or sale with industry leaders. The company's 100%-owned, past-producing Rowland Tungsten Property is located in Elko County, Nevada. The company also owns nine non-surveyed contiguous mineral claims totaling 4,740 hectares in the Revelstoke mining division of British Columbia, located approximately 50 kilometres southeast of Revelstoke, B.C.CONTACTEquity Insider | info @therooster-2873Disclaimer / DisclosureNothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. equity-insider.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for Western Star Resources Inc. advertising and digital media from the company directly which has since expired. There may be 3rd parties who may have shares Western Star Resources Inc., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ do not own any shares of Western Star Resources Inc. but reserve the right to buy and sell, and will buy and sell shares of Western Star Resources Inc. at any time hereafter without any further notice. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Certain statements in this article constitute "forward-looking information" within the meaning of applicable securities legislation, including statements regarding permitting timelines, exploration and drilling programs, NEPA review outcomes, and tungsten market conditions. Such statements are subject to risks and uncertainties, including risks associated with exploration activity, regulatory and permitting processes, equipment availability, commodity prices, and other factors. Readers are advised not to place undue reliance on forward-looking information. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of company disclosures referenced herein.Logo - https://mma.prnewswire.com/media/2840019/5997529/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/the-metal-china-controls-faces-a-2027-us-deadline--and-a-nevada-mine-just-made-its-move-302787490.htmlSOURCE Equity Insider Original: The Metal China Controls Faces a 2027 U.S. Deadline -- and a Nevada Mine Just Made Its Move
CA Market News
3週前
Almonty Reminds Shareholders to Vote to Support Continued Transformation into a Leading Tungsten ProducerJune 1, 2026 7:30 AM
Business Wire Almonty Industries Inc. (“Almonty” or the “Company”) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten critical to U.S. defense and advanced technology industries, reminds shareholders to support the Company’s ongoing transformation into a leading global tungsten producer by submitting their votes in advance of the Company’s annual general meeting of shareholders scheduled for June 9, 2026 (the “Meeting”). Shareholders are encouraged to vote well in advance of the proxy deadline at 10:00 a.m. Eastern time on June 5, 2026. Lewis Black, Chairman, President and Chief Executive Officer of the Company, stated: “Almonty has delivered transformational results over the past year, rapidly advancing its strategic role in the Western tungsten supply chain in the United States, Korea, Portugal and Spain. Under the stewardship of its experienced board of directors and management, the Company achieved a series of significant milestones in 2025, including: The commencement of active mining operations at the Company’s flagship Sangdong Tungsten Mine, which is expected to become one of the largest and longest-life tungsten mines outside of China; The initiation of large-scale drilling programs at the Company’s Sangdong Molybdenum Project in South Korea and its Panasqueira Mine in Portugal; A successful US$90 million initial public offering on the Nasdaq Capital Market, as well as a successful US$129 million follow-on public offering in December 2025; The strategic establishment of the Company’s corporate headquarters in the United States; The successful acquisition of 100% ownership of the Gentung Browns Lake Tungsten Project in Beaverhead County, Montana, extending the Company’s geographic footprint into North America; The addition of two highly experienced independent directors to the board and several highly qualified executives to the Company’s senior management team, ensuring that the board and management team are well positioned to oversee the next phase of the Company’s growth. “These accomplishments are a result of the strategic direction set by the board and executed by senior management resulting in strong momentum for Almonty as it scales to meet surging global demand for tungsten as the industry leader.” “As Almonty continues to grow in prominence, the board is committed to proactively ensuring that the Company’s corporate governance framework and board composition reflect the ambition and sophistication of its business and the expectations of our shareholders. The board is committed to a thoughtful approach to its governance maturation through evolving its independence profile focused on necessary skills and diversity that reflect the expectations of our expanding stakeholder base, growing prominence in U.S. capital markets, and the heightened expectations that come with being a global industry leader,” concluded Black. Your Vote Powers Almonty’s Future Each of the directors standing for re-election at the Meeting has been nominated because of the critical role they play in guiding the Company’s strategy and delivering value to shareholders. The board unanimously recommends that shareholders vote FOR the re-election of all director nominees set out in the Company’s management information circular dated April 29, 2026 (the “Circular”) to ensure continuity of leadership at this pivotal time as it focuses on the Company’s growth and aligns its corporate governance framework with future requirements. Shareholders are encouraged to vote in advance of the Meeting by submitting a form of proxy or voting instruction form in accordance with the instructions set out in the Circular. To be effective, a proxy must be submitted by 10:00 a.m. Eastern time on June 5, 2026. Beneficial shareholders who hold their shares through a broker or other intermediary should submit a voting instruction form by the deadline specified by their intermediary, which may be earlier than the deadline for submitting proxies. In connection with the Meeting, the Company has engaged Sodali & Co (“Sodali”) as proxy solicitation agent and shareholder communications advisor to, among other things, assist in the solicitation of proxies. For more information or if you require assistance with voting, please contact Sodali at: Sodali & Co
430 Park Ave., 14th Floor
New York, NY 10022
Phone: (203) 658-9400
Email: ALM@info.sodali.com About Almonty Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Tungsten Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to be a major contributor to the global non-China tungsten supply chain upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in Spain and the United States, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit https://almonty.com. Legal Notice The Company has agreed to pay Sodali fees of approximately US$37,500 for its services, in addition to its reasonable out-of-pocket expenses. The costs of the proxy solicitation will be borne solely by the Company. The foregoing information about Sodali’s engagement is intended to supplement, update and amend the Circular. The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the advancement of the Sangdong Tungsten Mine, the Sangdong Molybdenum Project and the Panasqueira Mine, the board and management team’s oversight of the Company’s growth, the Company’s corporate governance framework, the expected production capacity of the Sangdong Tungsten Mine, the Company’s expected share of global non-China tungsten production, adjustments to the Company’s corporate governance framework, and the future growth prospects of the Company. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information is based include, without limitation, the successful development of operations at the Sangdong Tungsten Mine, the Sangdong Molybdenum Project and the Panasqueira Mine, the availability of funding for continued development, and the expected trajectory of tungsten prices. Forward-looking statements are also subject to risks and uncertainties facing the Company's business, including, without limitation, the risks identified in the Company's annual information form for the year ended December 31, 2025 dated March 18, 2026, and the risk that any corporate governance changes or alignments will not be implemented and/or that one or more directors may not be re-elected at the Meeting. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260601655974/en/ Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com Investor Relations Contact
Lucas A. Zimmerman
Managing Director MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us
www.mzgroup.us Original: Almonty Reminds Shareholders to Vote to Support Continued Transformation into a Leading Tungsten Producer
US Market News
4週前
Almonty Industries Set to Join Large-Cap Russell 1000® Index and Broad-Market Russell 3000® IndexMay 28, 2026 7:30 AM
Business Wire Almonty Industries Inc. (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, today announced that it is set to join the Large-Cap Russell 1000® Index, as well as the Broad-Market Russell 3000® Index, at the conclusion of the 2026 Russell indexes reconstitution, according to a preliminary list of additions posted by FTSE Russell on Friday, May 22, 2026. Almonty’s inclusion is expected to become effective when the market opens on Monday, June 29, 2026. The June reconstitution of the Russell US Indexes captures up to the 4,000 largest US stocks as of April 30, 2026, ranking them by total market capitalization. Almonty’s membership in the Russell 3000® Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Lewis Black, Chairman, President and Chief Executive Officer of Almonty Industries, commented: “We are honoured to be set to join the Russell 3000 and 1000 indices, which we believe reflects the significant operational and financial progress Almonty has made over the past year as we firmly establish ourselves as the cornerstone of the Western tungsten supply chain. With our flagship Sangdong Mine in South Korea now coming on line, the relocation of our corporate headquarters to the United States, and a fortress balance sheet to support continued growth, we believe inclusion in the Russell indexes will further expand our visibility within the institutional investment community and broaden our shareholder base as we execute on our long-term strategic vision.” Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2025, approximately $12.2 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, please visit the “Russell Reconstitution” section on the FTSE Russell website. About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $21.20 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by LSEG. For more information, visit FTSE Russell. About Almonty Industries Inc. Almonty (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to supply a significant portion of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in Spain and the United States, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit https://almonty.com. Forward-Looking Statements This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the Company joining the Large-Cap Russell 1000® Index, as well as the Broad-Market Russell 3000® Index, at the conclusion of the 2026 Russell indexes reconstitution. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the Company joining the Large-Cap Russell 1000® Index, as well as the Broad-Market Russell 3000® Index, at the conclusion of the 2026 Russell indexes reconstitution as well as the risks identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026 and in the Company’s management’s discussion and analysis dated May 11, 2026 for the three months ended March 31, 2026 and 2025. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260528919556/en/ Company
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com Investor Relations
Lucas A. Zimmerman
Managing Director
MZ Group – MZ North America
(949) 259-4987
ALM@mzgroup.us
www.mzgroup.us Original: Almonty Industries Set to Join Large-Cap Russell 1000® Index and Broad-Market Russell 3000® Index
CA Market News
4週前
U.S. Tungsten Supply Chain Tightens As A Nevada Past-Producer Mobilizes Drone Geophysics And Property-Wide Soil Geochemistry Toward Drill-Ready TargetsMay 27, 2026 9:05 AM
PR Newswire (Canada) Issued on behalf of Western Star Resources Inc. With APT Rotterdam tungsten prices up roughly 900% over twelve months, the January 1, 2027 DFARS procurement cliff on Chinese-origin tungsten now eight months away, and Canadian CMETC tax architecture actively subsidizing tungsten exploration, one Nevada junior is moving from historical production to modern-vintage drill targeting.USA News Group News CommentaryVANCOUVER, BC, May 27, 2026 /CNW/ -- The Western tungsten supply problem has reached the operational tooling stage. APT Rotterdam tungsten prices traded at approximately US$3,185 per metric tonne unit in early May 2026 — a roughly 900% increase over the past twelve months — driven by Chinese export licensing controls, the looming January 1, 2027 DFARS 252.225-7052 procurement cliff on Chinese, Russian, Iranian, and North Korean-origin tungsten products across the U.S. defense supply chain, and the Canadian Critical Mineral Exploration Tax Credit (CMETC) expansion that now actively subsidizes tungsten exploration under Bill C-15 (Royal Assent March 26, 2026). Inside that landscape, Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2), Almonty Industries Inc. (TSX: AII) (OTCQX: ALMTF), Guardian Metal Resources PLC (AIM: GMET) (OTCQX: GMTLF), EQ Resources Limited (ASX: EQR) (OTCPK: EQRMF), and Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) collectively span the spectrum of Western-aligned tungsten and critical-mineral exposure.Western Star Resources Inc. (CSE: WSR) (OTC: WSRIF) (FRA: 4K2) on May 21, 2026 announced that its technical team has mobilized to the Company's Rowland Tungsten Property in Elko County, Nevada, to commence the first phase of its 2026 field exploration program. The initial program includes a high-resolution drone magnetic survey, systematic prospecting, sampling of historical waste dumps and workings, and a property-wide soil geochemistry campaign — designed to refine the Company's understanding of the prospective tungsten-bearing skarn horizons. The objective: generate drill-ready targets during the 2026 field season.Blake Morgan, CEO and President of Western Star, framed the program as the first modern exploration program ever conducted on the past-producing Rowland tungsten system. The property has documented historical production but has not previously been evaluated using modern drone geophysics and systematic property-wide geochemistry. Mineralization at Rowland is hosted in skarn zones up to 100 feet wide, developed along intrusive contacts between Cretaceous-aged quartz monzonite stock and a host sequence of limestones, shales, and quartzites — with scheelite as the primary tungsten mineral. Drone geophysical results are expected in the coming weeks, with soil samples submitted for certified laboratory analysis.The geological foundation under Rowland is substantial. Historical production figures — based on previous records and not yet independently verified by the Company — include 4.5 tons at 3.38% WO3 shipped in 1943 and approximately 1,000 tons at 0.5–1.0% WO3 produced between 1954 and 1956. These represent the documented past-producing footprint that the modern 2026 program is designed to convert into structurally controlled, geochemically validated drill targets. Western Star expects to integrate the drone geophysical results, soil geochemistry, and historical production data into priority drill target generation, with drill permitting also progressing in parallel.The macro environment under the program is unusually supportive. The January 1, 2027 DFARS 252.225-7052 procurement cliff — which codifies under 10 U.S.C. §4872, NDAA Section 844 (FY2021), and Section 854 (FY2024) — extends prohibitions across the entire defense supply chain from mining through finished tungsten metal powders, tungsten heavy alloys, samarium-cobalt magnets, NdFeB magnets, and tantalum metals/alloys. The Canadian CMETC framework — expanded under Budget 2025 (November 4, 2025) and enacted via Bill C-15 (Royal Assent March 26, 2026) — added tungsten to the eligible critical minerals list, providing a 30% non-refundable credit on top of the 100% Canadian Exploration Expense deduction for FT share agreements through March 31, 2027.Western Star also recently engaged Plutus Invest & Consulting GmbH — a Bremen-based investor relations and marketing firm — under a mandate fee of €200,000 through April 30, 2027, positioning the Company for European market awareness during the back half of 2026 and through Q1 2027 — precisely the window during which the U.S. federal procurement cliff takes effect and the Company's maiden drill program is generating its first modern technical results. The scientific and technical information at Rowland has been reviewed by Jasper Mowatt, MAusIMM, a Qualified Person under NI 43-101. For more company information, visit USA News Group. In other industry developments and happenings in the market include: Almonty Industries Inc. (TSX: AII) (OTCQX: ALMTF) has continued to advance commissioning and ramp-up of its Sangdong tungsten project in South Korea — one of the largest tungsten mines outside of China and the central pillar of the Western tungsten capacity build-out. Sangdong's projected mine life and production scale position Almonty as the single largest Western-aligned source of new tungsten production capacity heading into the 2026–2027 window. The Company's existing producing assets in Portugal and Spain provide additional near-term cash flow and operational platform under the tightening Western tungsten procurement environment.Almonty's strategic positioning — operating producing tungsten assets while simultaneously commissioning the largest non-China tungsten development project in the Western world — places AII as the public-market reference for tungsten production scale-up. As the January 2027 DFARS procurement cliff approaches, the supply premium attaching to allied tungsten production capacity continues to widen — a structural feature of the broader Western critical-minerals capital cycle.Guardian Metal Resources PLC (AIM: GMET) (OTCQX: GMTLF) has continued exploration and resource definition work at its Pilot Mountain tungsten project in Nevada — among the highest-grade tungsten development assets currently positioned in the U.S. critical-minerals procurement environment. The Company's strategic positioning within the U.S. domestic tungsten supply chain build-out has been reinforced by continuing engagement under U.S. Department of War and Defense Production Act-related programs targeting domestic tungsten capacity.Guardian Metal's U.S.-based positioning at Pilot Mountain — combined with its dual AIM/OTCQX listing structure — provides the public-market reference for U.S. tungsten development assets at advanced exploration stage. The procurement environment is increasingly differentiating among tungsten exposures by jurisdictional alignment, project stage, and resource verification — a sequencing the broader sector has been pricing into the development-stage assets through the back half of 2025 and into 2026.EQ Resources Limited (ASX: EQR) (OTCPK: EQRMF) has continued to advance its tungsten production operations at the Mt Carbine project in Queensland, Australia — one of the few currently producing tungsten assets in the broader Western-allied production complex. The Company has continued to leverage the structurally higher tungsten price environment through 2025 and into 2026, with operations focused on tungsten concentrate production at scale.EQ Resources' positioning as a producing Australian tungsten operator provides the operational reference point for what tungsten production economics look like inside the current commodity price environment — and reinforces the broader structural premium attaching to Western-allied tungsten supply. Australia's positioning as a tier-one mining jurisdiction with growing U.S. defense procurement engagement continues to reinforce the strategic relevance of EQ's production base.Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) has continued to expand its critical minerals portfolio through 2026, advancing the Vara Mada (formerly Toliara) Project in Madagascar — renamed January 8, 2026 via the updated feasibility study release. The Vara Mada Project represents one of the largest critical-mineral development assets in the Energy Fuels portfolio, providing rare earth, titanium, and other critical-mineral exposure alongside the Company's established uranium production base. The Company continues to advance its White Mesa Mill in Utah as the primary U.S. processing facility for uranium and rare earth concentrates.Energy Fuels' integrated U.S.-based production and processing infrastructure — anchored by White Mesa Mill — positions UUUU as one of the most operationally diversified critical-minerals platforms in the public market. The Company is renegotiating Vara Mada fiscal terms with the new Randrianirina government in Madagascar following the October 2025 political transition. Across the Western critical-minerals development complex, UUUU's processing capability provides architectural reference for what a vertically integrated critical-minerals producer can look like at scale.Across the comparable set, the message is consistent: Western tungsten supply economics have entered a new phase, U.S. and allied procurement environments are repricing in real time, and the upstream resource layer is where the asymmetry of the trade lives. Western Star Resources' May 21 field mobilization at Rowland — paired with documented historical tungsten production, the Plutus European IR mandate, and the converging DFARS and CMETC policy windows — places the Company at the modern-vintage-exploration entry point inside the broader Western tungsten capital cycle. For investors building exposure to the U.S. tungsten supply chain reshore thesis, WSR deserves a closer look.CONTINUED… Read this and more news for Western Star Resources Inc. at: https://usanewsgroup.com/wsr-landingCONTACT:
USA News Group
info @therooster-2873Article Sources:https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3243-cse/wsr/203835-western-star-resources-mobilizes-field-team-to-rowland-tungsten-property-and-launches-drone-geophysics-and-property-wide-geochemical-program.htmlhttps://almonty.com/news/https://guardianmetalresources.com/news/DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has previously been paid a fee for Western Star Resources Inc. advertising and digital media from the company directly. That compensation has since expired. MIQ expects further compensation in the future. There may be 3rd parties who may have shares of Western Star Resources Inc., and may liquidate their shares which could have a negative effect on the price of the stock. Previous compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ does not currently own shares of Western Star Resources Inc. but reserves the right to buy and sell, and will buy and sell shares of Western Star Resources Inc. at any time without any further notice commencing immediately and ongoing. We also expect further compensation in the future as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.Issued on behalf of Western Star Resources Inc. by USA News Group / Market IQ Media Group, Inc.Logo: https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg View original content:https://www.prnewswire.com/news-releases/us-tungsten-supply-chain-tightens-as-a-nevada-past-producer-mobilizes-drone-geophysics-and-property-wide-soil-geochemistry-toward-drill-ready-targets-302783006.htmlSOURCE USA News Group Original: U.S. Tungsten Supply Chain Tightens As A Nevada Past-Producer Mobilizes Drone Geophysics And Property-Wide Soil Geochemistry Toward Drill-Ready Targets
US Market News
1月前
Tungsten's 557% Run Meets a District-Scale Critical-Minerals Story in British ColumbiaMay 26, 2026 10:35 AM
PR Newswire (US) Issued on behalf of GoldHaven Resources Corp.Western governments are scrambling to rebuild non-Chinese tungsten supply as prices break century highs — and a 37,000-hectare project in BC just put itself in the conversationEquity Insider News CommentaryVANCOUVER, BC, May 26, 2026 /PRNewswire/ -- Tungsten has done something almost no other metal has done this decade: ammonium paratungstate (APT) prices have surged roughly 557% since China added tungsten products to its export control list in February 2025, pushing the European benchmark toward US$2,250 per metric ton unit by March 2026[1]. The metal has outpaced gold and copper, and with China still controlling more than 80% of global tungsten production[2], every Western government and defense contractor is suddenly trying to figure out the same thing — where the next non-Chinese supply actually comes from.That question is now driving capital toward GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), Almonty Industries Inc. (NASDAQ: ALM), Guardian Metal Resources PLC (NYSE American: GMTL), American Tungsten Corp. (OTCQB: TUNGF), and Energy Fuels Inc. (NYSE American: UUUU).The policy backdrop is just as aggressive as the price chart. Canada's enhanced 30% Critical Mineral Exploration Tax Credit was expanded to include tungsten under Bill C-15, which received Royal Assent on March 26, 2026, and applies to flow-through agreements entered into after November 4, 2025 and on or before March 31, 2027.South of the border, the U.S. Department of Defense Federal Acquisition Regulation Supplement (DFARS 252.225-7052) restricts the acquisition of tungsten metal powder and tungsten heavy alloy that has been mined, refined, separated, melted, or produced in China, Russia, Iran, or North Korea, with the full mine-to-finished-material restriction taking effect on January 1, 2027[3]. Capital is moving toward operators with land in friendly jurisdictions, drill-ready targets, and the geology to back it up — not toward concept stage stories five years out.GoldHaven Highlights Strategic Tungsten and Indium Exposure at MagnoOn May 25, 2026, GoldHaven issued a release highlighting the growing strategic significance of tungsten and indium at its district-scale Magno Project in northern British Columbia, situated within the Cassiar District and covering more than 37,000 hectares of ground prospective for carbonate replacement deposit (CRD), skarn, and porphyry mineralization."Global markets are increasingly recognizing the strategic importance of securing Western sources of tungsten and other critical minerals amid growing supply chain concerns," said Rob Birmingham, CEO of GoldHaven. "We believe Magno represents a district-scale critical minerals opportunity combining tungsten-bearing skarn systems, high-grade silver-zinc-lead CRD mineralization, and elevated indium values within one of Canada's premier mining jurisdictions. As we advance airborne geophysics, and 2026 drill targeting, we believe Magno continues to demonstrate the characteristics of a large-scale multi-phase mineralizing system with significant critical minerals potential."The technical case at Magno is built on four data points that matter for tungsten investors. First, multiple tungsten-bearing skarn targets have been identified across the property, with 2025 surface sampling returning values up to 6,550 ppm tungsten. Second, historical drilling and sampling at the Kuhn Zone reportedly returned intervals including 13.0 metres grading 0.55% WO3, 4.0 metres grading 1.32% WO3 and 0.26% MoS2, and 2.5 metres grading 0.95% WO3.Third, elevated indium values of up to 334 ppm have been identified within sphalerite-bearing mineralization — another China-dominated critical mineral with strategic significance for semiconductor and solar applications. Fourth, the project carries broader porphyry copper-molybdenum upside on top of its tungsten and silver-zinc-lead profile.The historical results referenced above were obtained from publicly available BC government assessment reports and have not been independently verified by GoldHaven or the Qualified Person, though management notes the data is being used to define and guide ongoing geological modelling and targeting work. The 2026 program is designed in part to confirm these historical results.With airborne geophysics already underway, GoldHaven is advancing permitting and exploration planning for a 2026 campaign expected to include drill testing across multiple high-priority tungsten-bearing skarn systems, silver-lead-zinc CRD zones, and porphyry copper-molybdenum targets identified across the project. The Magno Project remains at an exploration stage and additional work is required to determine the extent and economic significance of identified mineralization, but the package of attributes — district scale, multiple critical minerals, BC jurisdiction, drill-defined historical zones — fits cleanly into the criteria Western buyers are searching for.A full breakdown of the Magno target package, the 2026 drill plan, and the broader GoldHaven investor story is available here at Equity Insider.In the same release, GoldHaven also announced a one-month digital marketing services agreement with Machai Capital Inc. for an aggregate fee of $200,000 plus GST, payable from working capital and subject to CSE approval. The engagement is restricted to public awareness services and does not include investor relations or market-making.The technical and scientific information has been reviewed and approved by Raymond Wladichuk P.Geo., a non-independent Qualified Person under NI 43-101 and a consultant of the Company.In other industry developments:Almonty Industries Inc. (NASDAQ: ALM) reported first quarter 2026 revenue of US$25.4 million on May 11, 2026 — a 221% year-over-year increase driven by a sharp rise in the spot price of tungsten APT and continued strong operational performance at the Panasqueira Mine in Portugal[4]. The quarter also marked the formal commissioning ceremony at the Sangdong Tungsten Mine in Gangwon Province, South Korea, on March 17, 2026, marking the completion of development and the transition of one of the world's largest and highest-grade tungsten deposits toward commercial operations."Sangdong plays a critical role in efforts by the United States, the European Union and Korea to diversify away from the China-dominated market, which currently supplies more than 80% of the world's tungsten," said Lewis Black, CEO of Almonty. Phase 1 of Sangdong is designed to process approximately 640,000 tonnes of ore annually for roughly 2,300 tonnes of tungsten concentrate, with a planned Phase 2 expansion in 2027 doubling output to roughly 4,600 tonnes per year — enough to potentially supply approximately 40% of global tungsten demand outside China.Guardian Metal Resources PLC (NYSE American: GMTL) provided a Pre-Feasibility Study progress update for its 100%-owned Pilot Mountain tungsten project in Nevada on May 6, 2026. The PFS is being supported by a US$6.2 million U.S. Department of War Defense Production Act Title III investment in Guardian Metal's wholly-owned subsidiary, Golden Metal Resources (USA) LLC[5]. Required drilling for resource evaluation at the Desert Scheelite and Garnet Zones is complete, and a mine Plan of Operations is targeted for submission to the BLM in August 2026."We are very pleased to report strong progress at Pilot Mountain," said Oliver Friesen, CEO of Guardian Metal. The company completed its U.S. listing on the NYSE American on March 20, 2026, giving American investors direct access to one of the largest undeveloped tungsten deposits in the United States. Metallurgical work indicates a flotation circuit producing scheelite concentrate with potential silver and zinc by-products — a profile that, like Magno, brings polymetallic optionality alongside the primary tungsten thesis.For more on how GoldHaven stacks up against the peer set as the Western tungsten thesis builds, see the full investor briefing here at Equity Insider.American Tungsten Corp. (CSE: TUNG) (OTCQB: TUNGF) confirmed high-grade tungsten mineralization from initial Zero Level underground drilling at its IMA Mine in Lemhi County, Idaho on May 5, 2026. Highlight intercepts included 17.8 feet grading 0.435% WO3 and 1.16 oz/t Ag, 3.4 feet grading 1.02% WO3 and 0.84 oz/t Ag, and multiple tungsten-bearing polymetallic veins associated with the Main Ima vein system and a newly identified western vein."These initial underground drilling results from the Zero Level are highly encouraging and validate our approach to revitalizing the Ima Mine," said Ali Haji, CEO of American Tungsten. "Intersecting multiple high-grade tungsten-bearing veins, including both historical and newly identified structures, underscores the significant untapped potential of the property and reinforces our confidence as we advance our Phase 1 exploration program." The IMA Mine is a past-producing underground tungsten property that yielded approximately 199,449 metric ton units of WO3 between 1945 and 1957, with the historical tungsten-silver vein system also identified as containing a silver credit that management expects could help offset future operating costs — putting American Tungsten in the same brownfield, past-producing category as several of the Western tungsten reset candidates.Energy Fuels Inc. (NYSE American: UUUU) reported its first quarter 2026 results on May 6, 2026, marking the leadership transition from longtime CEO Mark Chalmers to newly appointed President and CEO Ross Bhappu. Energy Fuels is positioning itself as a vertically integrated U.S. producer of uranium, rare earth elements, and other critical minerals, with operations spanning the White Mesa Mill in Utah and a growing rare earth processing footprint."My immediate focus is disciplined execution — continuing to align our global teams, advancing development projects with a strong emphasis on schedule certainty and capital efficiency, and strengthening the operational foundation required to support sustained, long-term growth as a vertically integrated critical materials company," said Bhappu. Energy Fuels offers investors a producing-asset window into the broader U.S. critical minerals build-out — the same thematic GoldHaven is now positioning Magno against, just at a different point on the development curve.The thread running through all five names is the same: capital is repricing tungsten and adjacent critical minerals around a single assumption — that Chinese supply cannot be counted on, and that the Western mine pipeline has to be rebuilt from the ground up. Producers like Almonty are already monetizing the price move. PFS-stage operators like Guardian Metal are converting policy support into bankable engineering. Past-producing brownfields like American Tungsten and the broader U.S. tungsten reset are working back into resource definition. And exploration-stage, district-scale projects like GoldHaven's Magno — with tungsten, silver-zinc-lead CRD, indium, and porphyry copper-molybdenum targets across a single 37,000-hectare property — are exactly the kind of land package that fits the Western buyer profile if 2026 drilling validates the historical work.With airborne geophysics already in the air and drill targeting in design, the next twelve months at Magno will tell investors whether GoldHaven turns the policy-supported environment into actual delineation. The tungsten price chart has already made the case — the full GoldHaven story is available here at Equity Insider.CONTINUED… Read this and more news for GoldHaven Resources at: https://equity-insider.com/goh-landing/.CONTACT:
EQUITY INSIDER
Email: info @acblanke1Article Sources:
1. https://www.streetwisereports.com/article/2026/03/24/tungsten-outpaces-gold-and-copper-as-global-supply-tightens.html
2. https://www.mining.com/almonty-starts-operations-at-sangdong-tungsten-mine-in-south-korea/
3. https://www.ecfr.gov/current/title-48/chapter-2/subchapter-H/part-252/subpart-252.2/section-252.225-7052
4. https://finance.yahoo.com/markets/commodities/articles/almonty-industries-reports-first-quarter-220800670.html
5. https://www.accessnewswire.com/newsroom/en/metals-and-mining/guardian-metal-resources-plc-announces-pilot-mountain-pre-feasibility-progress-up-1164124DISCLAIMER:Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). MIQ has not been paid a fee by GoldHaven Resources Corp. for this article, but it has been paid for other articles for GoldHaven Resources Corp. by Baystreet.ca Media Corp. ("BAY"), and the owner/operator of BAY also owns MIQ, who has been paid by GoldHaven Resources Corp. directly. MIQ has been not been paid for this article. MIQ does not own any shares of GoldHaven Resources Corp. but reserves the right to buy and sell, and will buy and sell shares of GoldHaven Resources Corp. at any time without notice. There may also be 3rd parties who may have shares of GoldHaven Resources Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision.The owner/operator of MIQ/Equity Insider own shares of GoldHaven Resources Corp. which were purchased in the open market, and reserve the right to buy and sell, and will buy and sell shares of GoldHaven Resources Corp. at any time without notice.The information in this publication contains forward-looking statements. Statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as "projects", "foresee", "expects", "will", "anticipates", "estimates", "believes", "understands", or that by statements indicating certain actions "may", "could", or "might" occur. Understand there is no guarantee past performance will be indicative of future results.In preparing this publication, we have relied upon information supplied by various public sources. We believe that such information is reliable; however we cannot guarantee its accuracy and we relied upon and assume no liability for such information. Issued on behalf of GoldHaven Resources Corp. by Equity Insider/MIQ.
SOURCE: https://equity-insider.com/goh-landingLogo: https://mma.prnewswire.com/media/2840019/Equity_Insider_Logo.jpg View original content to download multimedia:https://www.prnewswire.com/news-releases/tungstens-557-run-meets-a-district-scale-critical-minerals-story-in-british-columbia-302781977.htmlSOURCE Equity Insider Original: Tungsten's 557% Run Meets a District-Scale Critical-Minerals Story in British Columbia
US Market News
1月前
Almonty Industries Reports First Quarter 2026 Financial ResultsMay 11, 2026 6:08 PM
Business Wire Revenue Increases 221% Year-Over-Year to $25.4 Million, Driven by Record Tungsten Pricing Adjusted EBITDA(1) of $6.1 Million Compared to ($2.4) Million in Q1 2025 Almonty Industries Inc. (“Almonty” or the “Company”) (Nasdaq: ALM; TSX: AII; ASX: AII; Frankfurt: ALI1), a leading global producer of tungsten concentrate, today announced its financial results for the three months ended March 31, 2026. Financial Summary: Key First Quarter 2026 & Subsequent Operational Highlights On March 17, 2026, Almonty hosted a formal commissioning ceremony at its Sangdong tungsten mine (the “Sangdong Mine”) in Gangwon Province, South Korea, marking the completion of development and the transition of the project toward commercial operations. Sangdong is one of the largest and highest-grade tungsten deposits in the world and is expected to become a key source of secure supply for Western industrial and defense supply chains. Revenue for the first quarter of 2026 increased 221% to $25.4 million, driven by a significant increase in the spot price of tungsten APT with the Panasqueira Mine continuing to deliver strong operational performance. The Company generated positive operating cash flow of $9.7 million for the quarter, compared to negative cash flow from operations of ($4.4) million in Q1 2025, marking a significant inflection point in the Company’s financial trajectory. Cash totaled $259.9 million as of March 31, 2026, with a working capital position of $169.5 million, providing the Company with substantial financial flexibility to advance its growth initiatives. Subsequent to the quarter, Almonty announced the relocation of its corporate headquarters from Toronto, Ontario, Canada to Dillon, Montana, United States, reinforcing the Company’s strategic alignment with U.S. defense and industrial stakeholders and positioning it closer to the Company’s Gentung Tungsten Project and key government, defense and industrial partners. First Quarter 2026 Financial Results Highlights Revenue recorded in the first quarter of 2026 increased 221% to $25.4 million, as compared to $7.9 million in the same year-ago quarter. The increase was driven by a significant increase in the spot price of tungsten APT with continued strong operations at the Company’s Panasqueira Mine. General and administrative expenses in the first quarter of 2026 totaled $7.1 million, as compared to $3.4 million in the same year-ago quarter. The increase was primarily attributable to higher salaries and wages as the Company expanded its management team to support its growth trajectory, as well as increased consulting, legal, office and travel costs associated with operating as a multi-listed public company across four international exchanges. The Company expects a normalization of general and administrative expenses throughout the remainder of 2026. Net loss in the first quarter of 2026 was $5.3 million, or ($0.02) per share, as compared to a loss of $34.6 million, or ($0.13) per share, in the same year-ago quarter. The significant improvement was primarily due to the absence of the $25.8 million non-cash loss on revaluation of warrant liabilities recorded in Q1 2025, combined with significantly higher revenue and income from mining operations. The current quarter net loss included $6.4 million in non-cash losses on the revaluation of embedded derivative liabilities and $2.0 million in non-cash losses on the revaluation of warrant liabilities, both driven by the appreciation in Almonty’s share price from $12.07 to $20.24 per common share during the first quarter of 2026. These non-cash accounting charges did not impact the Company’s operating performance, cash flow, or liquidity position. Adjusted EBITDA, a non-IFRS measure, was $6.1 million in the first quarter of 2026, as compared to ($2.4) million in the same year-ago quarter, reflecting the substantial improvement in underlying operational performance.(1) Cash as of March 31, 2026 totaled $259.9 million, as compared to $268.4 million as of December 31, 2025. Note on Non-Cash Items The first quarter of 2026 included $8.4 million in aggregate non-cash revaluation charges, comprising $6.4 million related to the fair value revaluation of embedded derivative liabilities and $2.0 million related to the fair value revaluation of warrant liabilities. These charges arise from the application of IFRS fair value accounting requirements to the Company’s outstanding convertible debt instruments and warrants, and reflect the appreciation in the Company’s share price from $12.07 at December 31, 2025 to $20.24 at March 31, 2026, as well as changes in volatility assumptions and other market-based inputs during the period. While these accounting impacts affected reported net income, they did not affect the Company’s cash position, liquidity, or the operational progress made across the business during the quarter. Management Commentary Lewis Black, Chairman, President & CEO, commented: “The first quarter of 2026 represents a pivotal moment for Almonty. The results speak for themselves – revenue increased 221% to $25.4 million, we generated positive Adjusted EBITDA of $6.1 million and positive operating cash flow of $9.7 million, marking a decisive inflection point in the Company’s financial trajectory. “With the formal commissioning ceremony at Sangdong held in March 2026, the relocation of our corporate headquarters to Dillon, Montana, and tungsten prices continuing to reflect the critical nature of this metal to Western defense and industrial supply chains, we believe Almonty has never been better positioned. As we ramp Sangdong toward full commercial throughput and advance the Gentung Tungsten Project toward production, we are building the foundation for what we expect will be a long-duration, high-margin operating platform, and one that directly addresses the West’s most urgent critical mineral vulnerabilities.” Guillaume de Lamaziere, Interim Chief Financial Officer, added: “Our first quarter results demonstrate the significant operating leverage inherent in our business model as tungsten prices strengthen. Revenue was driven by the Panasqueira Mine, which delivered $25.4 million in quarterly revenue – more than triple the same period last year – reflecting the favorable APT pricing environment. “From a cash flow perspective, the Company generated $9.7 million in positive operating cash flow, and Adjusted EBITDA turned positive at $6.1 million. Net loss for the quarter was $5.3 million, which included $8.4 million in non-cash revaluation charges on derivative and warrant liabilities driven by the appreciation in our share price during the quarter. Excluding these non-cash items, our underlying operating performance was strong and consistent with the transformation underway across the business. With $259.9 million in cash and a working capital position of $169.5 million, we remain well-capitalized to advance our broader development pipeline.” About Almonty Almonty (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to be a major contributor to the global non-China tungsten supply chain upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in the U.S. and Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit https://almonty.com. Legal Notice The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. (1) Use of Non-IFRS Financial Measures This news release makes reference to the non-IFRS financial measure “Adjusted EBITDA”. Non-IFRS financial measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS financial measures by providing further understanding of Almonty’s results of operations from management’s perspective. Almonty’s definitions of non-IFRS measures, including the definition of the non-IFRS financial measure “Adjusted EBITDA” used in this news release, may not be the same as the definitions for such measures used by other companies in their reporting. Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of Almonty’s financial information reported under IFRS. Almonty uses non-IFRS financial measures, including “Adjusted EBITDA”, to provide investors with supplemental measures of its operating performance and to eliminate items that have less bearing on operating performance or operating conditions, and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. In particular, Almonty’s management uses Adjusted EBITDA in order to evaluate its operating performance, by eliminating the impact of non-operational or non-cash items. Almonty believes that securities analysts, investors and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. Almonty’s management also uses non-IFRS financial measures in order to facilitate operating performance comparisons from period to period. IFRS NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION (in thousands of Canadian dollars) Three Months Ended March 31, 2026 Three Months Ended March 31, 2025 Net loss for the period (5,264) (34,622) Depreciation & amortization 253 288 Loss on valuation of embedded derivative liabilities 6,392 2,909 Loss on valuation of warrant liabilities 2,020 25,810 Foreign exchange (gain) loss (1,800) 1,100 Taxes 2,747 92 Interest, net (1,852) 1,206 Share-based compensation 3,633 851 Adjusted EBITDA (Non-IFRS) 6,129 (2,366) The $8.4 million in non-cash revaluation charges comprises $6.4 million related to the fair value revaluation of embedded derivative liabilities and $2.0 million related to the fair value revaluation of warrant liabilities. These charges arise from the application of IFRS fair value accounting requirements to the Company’s outstanding convertible debt instruments and warrants, and reflect changes in the Company’s share price, volatility assumptions, and other market-based inputs during the period. Cautionary Note Regarding Forward-Looking Information This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the successful commissioning of the Sangdong Mine processing plant, the expected timing and capacity of commercial production at the Sangdong Mine, the development of the Company’s tungsten projects, the expected impact of tungsten market trends and prices on the Company’s operations, and the normalization of general and administrative expenses. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the successful completion of commissioning at the Sangdong Mine, the availability of funding for continued development, and the expected trajectory of tungsten prices. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the risks identified in the Company’s annual information form dated March 18, 2026 for the year ended December 31, 2025 and in the Company’s management’s discussion and analysis dated May 11, 2026 for the three months ended March 31, 2026 and 2025. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, the foregoing list of material factors is not exhaustive, and there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260511950425/en/ Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com Investor Relations Contact
Lucas A. Zimmerman
Managing Director MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us
www.mzgroup.us Original: Almonty Industries Reports First Quarter 2026 Financial Results
CA Market News
1月前
An Exclusive Invitation and a Global Platform: Almonty's CEO Welcomes Eligible Shareholders on a Journey to South Korea – and Prepares to Speak at BofA Securities and CMI ConferencesMay 11, 2026 12:43 PM
Business Wire Almonty Industries Inc. (“Almonty” or the “Company”) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), the leading global producer of tungsten critical to U.S. defense and advanced technology industries, today announced that Lewis Black, Chairman, President and Chief Executive Officer, will take center stage at the prestigious BofA Securities Global Metals, Mining & Steel Conference on Wednesday, May 13, delivering Almonty's vision on tungsten's indispensable role in U.S. defense readiness and next-generation technology supply chains. Conferences & Upcoming Events Almonty will be represented at two leading industry events this May, as the global conversation around critical mineral supply chains continues to intensify. On Wednesday, May 13, Lewis Black, Chairman, President and Chief Executive Officer, will present at the BofA Securities Global Metals, Mining & Steel Conference. Mr. Black will also join the Tungsten Panel Discussion at 3:15 PM ET, where he will share his insights on tungsten's strategic importance in an increasingly competitive global landscape. A webcast link will be shared on Almonty's website and social media channels ahead of the event. On Thursday, May 14, Mr. Black will participate as a roundtable speaker at the Critical Minerals Forum, engaging with senior industry leaders and policymakers on the security of critical mineral supply chains. Mr. Black is scheduled to deliver a keynote presentation on Thursday, May 14, 2026, from 1:15–1:35 PM, titled "No Team, no Tungsten, no Time: Mining's Human Capital Crisis". He will also join Panel 8: "The Endgame — Who Will Control the Critical Minerals Economy?", running from 4:00–4:50 PM on the same day, where senior industry leaders and policymakers will examine the geopolitical restructuring of global mineral supply chains. BofA Securities Global Metals, Mining & Steel Conference
Date: May 13, 2026
Location: Miami, FL
Format: Presentation + 1x1 Meetings
Presentation Link: Webcast – Almonty Industries Please visit Almonty’s investor relations website here Critical Minerals Institute Summit 5
Date: May 14, 2026
Location: Toronto, ON
For details, please visit CMI’s website here Registration is mandatory for conference participation. For more information or to schedule a meeting with management, please contact your respective conference representative. Lewis Black, Chairman, President and Chief Executive Officer Invites Eligible Canadian Shareholders to a Once-In-A-Lifetime Journey to the Heart of the Tungsten World Nestled in the mountains of Gangwon Province, South Korea, the Sangdong Mine is not just a mining operation, it is a landmark in the history of critical minerals. Once the largest tungsten mine in the world, Sangdong lay dormant for decades before Almonty brought it back to life, transforming it into the centerpiece of a new era of Western supply chain independence. Today, it stands as one of the most strategically significant mining assets on the planet. Two winning shareholders will be flown to South Korea for an exclusive, fully hosted multi-night experience. From the moment they arrive, they will be immersed in the story of Almonty — touring the Sangdong Mine itself, seeing the scale and scope of an operation that is actively reshaping the global tungsten landscape, and gaining perspective on the mineral that underpins everything from armor-piercing munitions to semiconductors and surgical instruments. Following the Sangdong Mine tour, contest winners will explore the broader Yeongwoel County: the storied region that surrounds the mine and offers a window into the landscape, culture, and community intertwined with Almonty's mission. The prize trip is anticipated to take place on or around late June to early July. Management Commentary Lewis Black, Chairman, President and Chief Executive Officer of Almonty, said: "The Sangdong Mine represents everything we have worked toward — years of conviction, sacrifice, and an unwavering belief that tungsten would one day be recognized as the critical backbone of Western defense and technology. To be able to invite our shareholders to witness this firsthand, to stand inside the mine that so many said could never be brought back to life, is a moment I do not take lightly. This trip is not simply a prize — it is a thank you. A deeply personal one. To every shareholder who has placed their trust in Almonty, I am profoundly grateful. But there is a special place in my heart for those who were with us from the very beginning — the ones who believed before the world was paying attention, who held on through the hard years, and who never stopped trusting in what we were building. You are as much a part of this story as the mine itself. We built this together, and it is only right that you see it." ALMONTY INDUSTRIES INC. CANADIAN SHAREHOLDER TRIP CONTEST The contest is open only to eligible Canadian residents (excluding Quebec) who are 18 years of age or older and who are current Almonty shareholders who have held shares continuously for the past three (3) years, excluding employees, officers, directors, agents and their immediate family/household members. Contest begins at 12:00 p.m. ET on May 11, 2026 and ends at 11:59 p.m. ET on May 31st, 2026. One (1) entry per person. Odds of winning depend on the number of eligible entries received during the contest period. Potential winners will be selected by random draw during the week of June 1st, 2026 and must correctly answer a skill-testing question and sign and return required declaration/release documents to be confirmed as winners. All decisions are final. For full rules and entry details see the Official Contest Terms and Conditions available at www.almonty.com. Entrants’ personal information may be used in accordance with applicable Canadian privacy laws. The contest will be administered in accordance with applicable law. About Almonty Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Tungsten Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to supply over 80% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in Spain and the United States, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit https://almonty.com. Legal Notice The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as "plan", "development", "growth", "continued", "intentions", "expectations", "emerging", "evolving", "strategy", "opportunities", "anticipated", "trends", "potential", "outlook", "ability", "additional", "on track", "prospects", "viability", "estimated", "reaches", "enhancing", "strengthen", "target", "believes", "next steps" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the contest for eligible Canadian shareholders offered by Lewis Black, Chairman, President and Chief Executive Officer. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information is based include, without limitation, statements concerning the expected timing and anticipated prizes for the contest offered to eligible Canadian shareholders by Lewis Black, Chairman, President and Chief Executive Officer. Forward-looking statements are also subject to risks and uncertainties facing the Company's business, including, without limitation, the risks identified in the Company's annual information form for the year ended December 31, 2025 dated March 18, 2026. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260511000584/en/ Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com Investor Relations Contact
Lucas A. Zimmerman
Managing Director MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us
www.mzgroup.us Original: An Exclusive Invitation and a Global Platform: Almonty's CEO Welcomes Eligible Shareholders on a Journey to South Korea – and Prepares to Speak at BofA Securities and CMI Conferences
CA Market News
2月前
Western Nations Accelerate $12B Critical Mineral Initiatives as Global Export Restrictions Reach Record HighsMay 7, 2026 11:15 AM
PR Newswire (Canada) Issued on behalf of GoldHaven Resources Corp.USANewsGroup.com News Commentary VANCOUVER, BC, May 7, 2026 /CNW/ -- The money tells the story. Western governments just committed $12.1 billion in new mining project capital through 30 partnerships at the 2026 PDAC conference, while the U.S. launched its FORGE coalition, pulling in 54 nations and locking down 11 bilateral supply agreements in a single day[1]. That spending is reactive. A new OECD inventory confirms global export restrictions on critical raw materials have hit an all-time high, with supply concentration for cobalt, lithium, and rare earths now exceeding 90% among the top three producing nations[2]. The structural shift is pulling capital down the entire Western mineral pipeline, from early stage exploration to commercial production, and five companies are positioned directly in its path: GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), Almonty Industries (NASDAQ: ALM) (TSX: AII), Brixton Metals (TSXV: BBB) (OTCQX: BBBXF), NioCorp Developments (NASDAQ: NB), and Energy Fuels (NYSE-A: UUUU) (TSX: EFR). Analysts now project the global critical minerals market will nearly double to $715 billion by 2035, with North American investment growing at the fastest rate as defense budgets, AI infrastructure, and electrification demand converge on the same finite set of inputs. An April 2026 OECD working paper on critical minerals and clean energy applications reinforces the thesis: projects offering exposure to multiple designated critical minerals across defense, energy, and technology supply chains are now attracting the strongest institutional capital[3].GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) just announced the upsizing of its previously announced non-brokered financing to gross proceeds of up to $1.2 million—due to strong investor demand. The additional capital is set to further strengthen GoldHaven's fully funded 2026 exploration program at its flagship Magno Project in the Cassiar District of British Columbia, and it's expected to support an expanded drill campaign targeting a large-scale, multi-phase mineral system with significant and critical metals exposure, including tungsten and indium."The level of investor interest reflects growing recognition of the opportunity at Magno," said Rob Birmingham, CEO of GoldHaven. "With drilling set to expand beyond our initial program, we are entering a catalyst-rich phase where we can begin to test the scale of this system across multiple high-priority targets. We believe Magno has the characteristics of a large, multi-phase mineral system, and this program is a key step in advancing that potential."Magno is a district-scale polymetallic property spanning more than 37,200 hectares, carrying silver, tungsten, lead, zinc, and indium mineralization. Tungsten is classified as a critical mineral by both the Canadian and U.S. governments, and Canada currently has no primary domestic tungsten production. GoldHaven Resources has already submitted its drill permit application at Magno and filed a technical report covering the polymetallic system, positioning the project for its first drill program as the funding comes together."We are entering an exciting and highly strategic phase at Magno, where multiple high-grade zones and distinct mineralization styles have now been defined across a large, consolidated land package," said Birmingham. "The combination of high-grade silver-lead-zinc mineralization and growing exposure to critical minerals such as tungsten and indium continues to reinforce our view that Magno hosts the hallmarks, continues to reinforce our view that Magno is emerging as a compelling district-scale silver and critical minerals exploration opportunity in the Cassiar District."The company is also active in Brazil, where an independent geological review of its 100%-owned Copeçal Gold Project confirmed a large-scale, structurally controlled hydrothermal gold system. The review identified higher-grade gold enrichment at the West Target tied to fold hinge structures, and copper-gold vectors at the East Target supported by zoned sulphide assemblages indicating increasing temperature at depth. A Phase II drill program at Copeçal is planned for 2026, designed to test the high-priority structural and geophysical targets identified through that review.CONTINUED… Read this and more news for GoldHaven Resources at: https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/In other industry developments:Almonty Industries (NASDAQ: ALM) (TSX: AII) announced the relocation of its corporate headquarters from Toronto, Ontario to Dillon, Montana, positioning the company closer to U.S. government agencies, defense contractors, and industrial partners following its Nasdaq listing and US$90 million IPO in July 2025 and a US$129 million follow-on financing in December 2025. The move accompanies the acquisition of Montana's Gentung Tungsten Project, expected to restart production in 2026, and deepens Almonty Industries' strategic alignment with U.S. critical mineral supply chain security."Relocating our headquarters to the United States is not merely symbolic," said Lewis Black, Chairman, President and CEO of Almonty Industries. "It reflects who we are – as Montana is the location of our recently acquired Gentung Tungsten Project – and where our future lies. Our investors, customers, and strategic partners are here because they recognize the urgency of building a Western tungsten supply chain free from Chinese dependence."Almonty Industries operates the Sangdong Mine in South Korea, historically one of the world's largest and highest-grade tungsten deposits, as well as projects in Portugal and Spain. With Sangdong Phase 1 complete and Gentung on track for restart, the company is targeting a dominant position in the global non-Chinese tungsten supply chain.Brixton Metals (TSXV: BBB) (OTCQX: BBBXF) reported the third batch of drill results from its Langis 2026 drill program at the Langis silver project in Ontario, Canada, including hole LM-26-290 with a 0.50-metre sample grading 82,334 g/t silver containing abundant native silver, representing the highest-grade single sample ever reported by the company and among the highest silver grades ever reported globally. The hole returned 11.35 metres averaging 4,560 g/t silver, with multiple additional bonanza-grade intercepts reported across the program."We are excited to report the third batch of drill results from the Langis 2026 drill program," said Gary R. Thompson, Chairman and CEO of Brixton Metals. "These results are extraordinary and are among the most significant silver drilled intercepts known to the company globally. Hole LM-26-290 has delivered an exceptional result, highlighted by 82,334 g/t silver from a 0.50m core length sample containing abundant native silver."Brixton Metals is advancing the Langis silver project in Ontario alongside its Thorn copper-gold-silver project in British Columbia, with ongoing drilling at Langis aimed at delineating the extent of bonanza-grade mineralization and establishing a mineral resource estimate.NioCorp Developments (NASDAQ: NB) announced Nebraska enacted legislation giving the company greater flexibility to qualify for approximately $200 million in state tax incentives over the first ten years of operations at the Elk Creek Project in southeast Nebraska, in return for investing hundreds of millions of dollars in the state and creating approximately 450 full-time equivalent jobs. Signed by Governor Jim Pillen on April 16, 2026, the legislation extends the period during which companies must meet Tier 6 Nebraska Advantage Act employment and investment requirements."I want to thank Governor Pillen, Revenue Committee Chairman Brad von Gillern, Senator Hallstrom, and members of the Nebraska Unicameral for supporting this effort," said Mark A. Smith, Chairman and CEO of NioCorp Developments. "Nebraska has stood behind the Elk Creek Project from the very beginning, and this is another clear demonstration of that commitment."The Elk Creek Project is expected to create approximately 450 permanent direct jobs in southeast Nebraska, support an estimated 2,100 additional jobs throughout the broader state economy, and generate approximately $6.59 billion in operating expenses over the project's life. NioCorp Developments is a leading U.S. critical minerals developer focused on advancing the project toward production.Energy Fuels (NYSE-A: UUUU) (TSX: EFR) produced its first kilogram of terbium oxide at its White Mesa Mill in Utah at 99.9% purity using monazite ore sourced domestically, representing the first U.S. mine-to-oxide capability for heavy rare earth oxides in decades and the first production volumes and purities sufficient for downstream metal and alloy validation. The achievement follows production of nearly 30 kilograms of dysprosium oxide at the same purity level, with both terbium and dysprosium now subject to Chinese export controls and critical to high-performance permanent magnets used in electric vehicles, drones, robotics, and defense applications."This success proves we can process and produce high purity 'heavy' rare earth oxides economically and at scale in the U.S.," said Mark Chalmers, CEO of Energy Fuels. "North America will soon have a reliable and secure U.S. commercial source of these vital critical materials ensuring availability for high-performance magnet and defense technologies."Energy Fuels has received requests from multiple magnet manufacturers and OEMs worldwide to begin product validation of its Dy and Tb oxide production. The company operates the White Mesa Mill as a leading U.S. producer of uranium, rare earths, and critical materials, advancing its strategy of becoming a globally significant critical material producer.FURTHER READING: https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/CONTACT:
USA News Group
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://thehub.ca/2026/04/17/canadas-critical-minerals-diplomacy-is-moving-fast-more-industrial-capacity-is-needed/ https://www.oecd.org/en/about/news/press-releases/2026/04/critical-raw-materials-face-rising-export-restrictions-increasing-risks-to-global-supply-chains.html https://www.oecd.org/en/publications/critical-minerals-and-clean-energy-applications_e3b08f4d-en.htmlLogo: https://mma.prnewswire.com/media/2838876/5951154/USA_News_Group_Logo.jpg View original content:https://www.prnewswire.com/news-releases/western-nations-accelerate-12b-critical-mineral-initiatives-as-global-export-restrictions-reach-record-highs-302765646.html Original: Western Nations Accelerate $12B Critical Mineral Initiatives as Global Export Restrictions Reach Record Highs
CA Market News
2月前
Almonty Industries Inc. Appoints Jorge Beristain as Chief Financial Officer to Lead Next Phase of GrowthMay 6, 2026 5:22 PM
Business Wire Almonty Industries Inc. (“Almonty” or the “Company”) (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten critical to U.S. defense and advanced technology industries, today announced the appointment of Jorge Beristain, CFA, as Chief Financial Officer, effective June 1, 2026. Mr. Beristain’s appointment positions Almonty for its next phase of growth as the Company scales its flagship Sangdong Mine in South Korea and continues to expand its strategic role in the Western tungsten supply chain in the United States, Portugal and Spain. Brian Fox has departed from his role as Chief Financial Officer, effective immediately, and the Company thanks him for his service. Until Mr. Beristain’s start date, Guillaume de Lamaziere, the Company’s Chief Development Officer, will serve as Interim Chief Financial Officer. Mr. Beristain is a strategic, dynamic finance executive with a proven track record of building, funding, growing, and creating value at publicly traded basic materials and mining companies. He most recently served as Vice President, Finance of Ryerson Holding Corp (“Ryerson”) (NYSE: RYI), a US$5 billion revenue NYSE-listed metals service center, where he was a key advisor to the CEO, CFO and the Board, and helped double the company’s market capitalization. He previously served as Chief Financial Officer of Central Steel & Wire Co., a US$800 million Ryerson subsidiary and currently serves as an Independent Director of Elevra Lithium Limited (NASDAQ/ASX: ELVR). Earlier in his career, Mr. Beristain was a top-three-ranked Wall Street equity research analyst, serving as Managing Director and Head of Americas Metals & Mining Equity Research at Deutsche Bank Securities. He holds a Bachelor of Commerce from the University of Alberta and has held the CFA designation for more than 25 years. His combination of operating experience, public-company executive leadership, board service, and Wall Street capital markets fluency makes him uniquely suited to lead Almonty’s finance organization as the Company executes on its global growth strategy and enters into its next phase. Mr. de Lamaziere will serve as Interim Chief Financial Officer until Mr. Beristain’s start date. He currently serves as the Company’s Chief Development Officer and brings over three decades of senior financial leadership experience across international and U.S. regulated financial markets, including former roles as Chief Executive Officer and Chief Operating & Financial Officer of AIG Asset Management (Europe) Ltd., Chief Operating & Financial Officer of Banque AIG in Paris, and senior finance positions at Goldman Sachs in New York and Paris. He is a CFA Charterholder, Certified Public Accountant, Professional Risk Manager, Chartered Wealth Manager, and Chartered Global Management Accountant. Management Commentary Lewis Black, Chairman, President and Chief Executive Officer of Almonty, said: “Jorge is exactly the right leader for the next phase of Almonty’s growth as our Sangdong Mine comes on line with revenue generation this year. His track record, public-company experience and decades of Wall Street capital markets fluency in basic materials and mining are extraordinary, and rarely found in a single executive. As we ramp our flagship Sangdong Mine in South Korea and execute on our broader strategic priorities, Jorge’s finance acumen, investor-relations expertise, and value-creation track record will be instrumental in delivering for our shareholders, customers, and the Western allies who depend on a secure tungsten supply chain. We thank Brian for his service to the Company and wish him well. We are also grateful to Guillaume for stepping in as Interim Chief Financial Officer to ensure continuity until Jorge joins Almonty.” About Almonty Almonty (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to be a major contributor to the global non-China tungsten supply chain upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in the U.S. and Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit https://almonty.com. Legal Notice The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Cautionary Note Regarding Forward-Looking Information This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the appointment of Mr. de Lamaziere as Interim Chief Financial Officer, the appointment of Mr. Beristain as Chief Financial Officer effective June 1, 2026 and the expected contribution of these appointments to the next phase of the Company’s growth. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the appointment of Mr. de Lamaziere as Interim Chief Financial Officer, the appointment of Mr. Beristain as Chief Financial Officer effective June 1, 2026 and the expected contribution of these appointments to the next phase of the Company’s growth as well as the risks identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506216393/en/ Company
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com Investor Relations
Lucas A. Zimmerman
Managing Director MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us
www.mzgroup.us Original: Almonty Industries Inc. Appoints Jorge Beristain as Chief Financial Officer to Lead Next Phase of Growth
CA Market News
2月前
A Supply Crisis Is Brewing in the Metals That Power EverythingApril 29, 2026 10:15 AM
PR Newswire (US)
Issued on behalf of GoldHaven Resources Corp.USANewsGroup.com News Commentary VANCOUVER, BC, April 29, 2026 /PRNewswire/ -- Washington just confirmed what the market already suspected. A formal national security investigation found that America's dependence on imported critical minerals has become a direct threat to its defense and industrial base, and that no single Western country can fix the problem alone[1]. That finding landed while tungsten, one of the most strategically sensitive metals on Earth, was already in freefall on the supply side. Chinese export controls have drained Western inventories to critically low levels and sent processing prices from around $300 to over $1,775 per metric tonne unit in barely a year[2]. Five companies are now positioned across the metals at the center of this structural realignment: GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF), Almonty Industries (NASDAQ: ALM) (TSX: AII), Idaho Strategic Resources (NYSE-A: IDR), Brixton Metals (TSXV: BBB) (OTCQX: BBBXF), and Kingfisher Metals (TSXV: KFR) (OTCQB: KGFMF).
The silver market tells the same story from a different angle. The Silver Institute's 2026 World Silver Survey confirms a sixth consecutive annual supply deficit, with cumulative shortfalls since 2021 now exceeding 800 million ounces as demand from electrification, AI infrastructure, and defense keeps pulling ahead of production[3]. Building a new mine takes an average of 17 years from discovery to first output, which means the only projects capable of delivering supply within the current deficit window are advanced explorers with near-term drill catalysts already in the pipeline[4].GoldHaven Resources (CSE: GOH) (OTCQB: GHVNF) has hired Dias Airborne Limited to fly a 1,741 line-kilometre high-resolution magnetic survey over its flagship Magno Project in northern British Columbia, with the program expected to launch in June 2026. The company also recently closed an oversubscribed flow-through financing totaling approximately $2.04 million to fully fund the upcoming drill campaign.It will be the first modern property-wide geophysical survey across the full Magno land package, which now spans more than 37,200 hectares after GoldHaven recently filed a technical report on three newly acquired mineral claims added to the Magno Project. The airborne program will scan the Magno Zone, Kuhn Zone, and D Zone at tight 100-metre line spacing, targeting corridors where surface sampling has returned silver grades up to 2,370 grams per tonne, tungsten up to 6,550 parts per million, and indium concentrations as high as 334 parts per million.GoldHaven selected Dias based on geological similarities between Magno and Hercules Metals' Leviathan discovery in Idaho, where the same QMAGT sensor platform helped identify concealed drill targets that led to discovery. The technology uses superconducting quantum interference device sensors to capture the full tensor of the Earth's magnetic field, delivering sharper resolution than conventional surveys. GoldHaven is also evaluating a follow-on ground-based 3D IP survey to refine subsurface targeting ahead of drill mobilization."This survey represents a major step forward in systematically unlocking the district-scale potential of Magno," said Rob Birmingham, CEO of GoldHaven. "By integrating modern high-resolution geophysics with our growing geological database and 2025 surface discoveries, we believe we are significantly improving our ability to define high-confidence drill targets across multiple mineralized systems at Magno."GoldHaven has already submitted its drill permit application for a 2026 program targeting three high-grade zones carrying silver, tungsten, lead, zinc, and indium mineralization. Tungsten is classified as a critical mineral by both the Canadian and U.S. governments, and Canada currently has no primary domestic tungsten production.Beyond British Columbia, GoldHaven is advancing its Copeçal Gold Project in Mato Grosso, Brazil, where the company recently completed its first diamond drilling program confirming gold and copper anomalism. Phase 2 drilling is planned for mid-Q2 2026. Between Magno and a 123,900-hectare Brazilian portfolio spanning three projects, GoldHaven offers diversified discovery exposure at a stage where most juniors remain locked into a single asset.CONTINUED… Read this and more news for GoldHaven Resources at:https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/In other industry developments:Almonty Industries (NASDAQ: ALM) (TSX: AII) announced the relocation of its corporate headquarters from Toronto, Ontario to Dillon, Montana, positioning the company closer to U.S. government agencies, defense contractors, and industrial partners following its Nasdaq listing and US$90 million IPO in July 2025 and a US$129 million follow-on financing in December 2025. The move accompanies the acquisition of Montana's Gentung Tungsten Project, expected to restart production in 2026, and deepens Almonty Industries' strategic alignment with U.S. critical mineral supply chain security."Relocating our headquarters to the United States is not merely symbolic," said Lewis Black, Chairman, President and CEO of Almonty Industries. "It reflects who we are – as Montana is the location of our recently acquired Gentung Tungsten Project – and where our future lies. Our investors, customers, and strategic partners are here because they recognize the urgency of building a Western tungsten supply chain free from Chinese dependence."Almonty Industries operates the Sangdong Mine in South Korea, historically one of the world's largest and highest-grade tungsten deposits, as well as projects in Portugal and Spain. With Sangdong Phase 1 complete and Gentung on track for restart, the company is targeting a dominant position in the global non-Chinese tungsten supply chain.Idaho Strategic Resources (NYSE-A: IDR) has secured a long-term lease for the Niagara copper-silver project in Shoshone County, Idaho, adding a historic resource estimate of approximately 150 million pounds of copper and 8 million ounces of silver to its district-scale Murray Gold Belt landholdings. The Niagara deposit is a Revett-type sediment-hosted deposit located approximately 7 kilometers from Idaho Strategic Resources' producing Golden Chest Mine, with the company holding all adjacent unpatented mineral claims."The Niagara deposit is a natural fit for our Company in many ways," said John Swallow, President and CEO of Idaho Strategic Resources. "In addition to broadening IDR's commodity asset base as our country enters a strong secular commodity market, it also serves as a prime example of the potential of the overall MGB District."The lease begins at $18,000 annually, escalating at 3% per year over an initial 10-year term with extension options, and includes a 2% net smelter royalty with a $1,000,000 buyback option on 1%. Idaho Strategic Resources has planned a 2026 drill campaign to upgrade historic resource confidence and test mineral continuity along strike, down dip, and within the untested lower-middle Revett Formation.Brixton Metals (TSXV: BBB) (OTCQX: BBBXF) reported the third batch of drill results from its Langis 2026 drill program at the Langis silver project in Ontario, Canada, including hole LM-26-290 with a 0.50-metre sample grading 82,334 g/t silver containing abundant native silver, representing the highest-grade single sample ever reported by the company and among the highest silver grades ever reported globally. The hole returned 11.35 metres averaging 4,560 g/t silver, with multiple additional bonanza-grade intercepts reported across the program."We are excited to report the third batch of drill results from the Langis 2026 drill program," said Gary R. Thompson, Chairman and CEO of Brixton Metals. "These results are extraordinary and are among the most significant silver drilled intercepts known to the company globally. Hole LM-26-290 has delivered an exceptional result, highlighted by 82,334 g/t silver from a 0.50m core length sample containing abundant native silver."Brixton Metals is advancing the Langis silver project in Ontario alongside its Thorn copper-gold-silver project in British Columbia, with ongoing drilling at Langis aimed at delineating the extent of bonanza-grade mineralization and establishing a mineral resource estimate.Kingfisher Metals (TSXV: KFR) (OTCQB: KGFMF) outlined a new porphyry drill target at the Turquoise area of its 933 km² HWY 37 Project in British Columbia's Golden Triangle, characterized by a 0.5 by 2.0 km chargeability anomaly supported by magnetic vector amplitude, DC resistivity, and Mobile MagnetoTellurics inversion datasets. The near-surface target is drill-ready and located approximately 6 km from existing highway infrastructure, with porphyry-proximal indications including advanced argillic mineralogy and elevated pyrite abundance at the geophysical core domain."The Turquoise target is a direct result of our systematic exploration approach, which continues to unlock new opportunities across this underexplored yet highly prospective region of the Golden Triangle," said Dustin Perry, CEO of Kingfisher Metals. "The target is located within the emerging Hank–Mary district and only ~6 km from existing infrastructure."The Turquoise target sits approximately 3.4 km east of the Hank porphyry discovery hole drilled in 2025 and expands the prospective footprint across the HWY 37 Project. Kingfisher Metals plans to drill the Turquoise target in summer 2026 as part of a disciplined program building a pipeline of high-quality targets across its large land package in the Golden Triangle.FURTHER READING: https://usanewsgroup.com/2025/09/23/the-goldhaven-story-two-continents-one-strategy-systematic-exploration-in-historically-productive-districts/CONTACT:
USA News Group
info @acblanke1DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca Media Corp. ("BAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for GoldHaven Resources Corp. advertising or digital media, but the owner/operators of MIQ also co-owns BAY. There may also be 3rd parties who may have shares of GoldHaven Resources Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by GoldHaven Resources Corp. The scientific and technical information disclosed in this document have been reviewed and approved by two Qualified Persons (QPs). The Copeçal Technical Report identifies Jean-Marc Lopez, B.Sc., FAusIMM, as the Qualified Person responsible for the report. The report "GoldHaven Resources Completes Summer Exploration Programs" states that the technical information has been reviewed and approved by Jonathan Victor Hill, B.Sc. Hons, FAusIMM, an independent Qualified Person and Country Manager of GoldHaven. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.piie.com/blogs/realtime-economics/2026/us-posing-hidden-risk-wests-critical-minerals-strategy https://www.fastmarkets.com/insights/tungsten-2026-geopolitics-sets-global-tone/ https://silverinstitute.org/wp-content/uploads/2026/04/World-Silver-Survey-2026.pdf https://www.cnbc.com/2026/03/10/copper-shortage-tariff-fears-mine-disruptions-prices-tightness.html Logo: https://mma.prnewswire.com/media/2838876/5919929/USA_News_Group_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/a-supply-crisis-is-brewing-in-the-metals-that-power-everything-302757134.html
Original: A Supply Crisis Is Brewing in the Metals That Power Everything
CA Market News
2月前
Almonty Industries Establishes U.S. Corporate Headquarters, Reinforcing Role as America’s Tungsten SupplierApril 13, 2026 7:30 AM
Business Wire
Almonty Industries Inc. (“Almonty” or the “Company”) (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten critical to U.S. defense and advanced technology industries, today announced the relocation of its corporate headquarters from Toronto, Ontario, Canada to Dillon, Montana, United States.
The relocation of its corporate headquarters reflects Almonty’s continued strategic alignment with the United States and its role in supporting secure, transparent, and Western-aligned supply chains for critical materials. The move positions the Company closer to key stakeholders, including U.S. government agencies, defense contractors and industrial partners, while reinforcing its commitment to becoming the leading U.S.-aligned tungsten producer.
The move follows Almonty’s Nasdaq listing and US$90 million oversubscribed IPO in July 2025, a US$129 million follow-on financing in December 2025, and the acquisition of Montana’s Gentung Tungsten Project, expected to restart production this year.
Almonty has also deepened its U.S. defense alignment through a strategic partnership with American Defense International, Inc., participation in the Department of Defense-sponsored Critical Minerals Forum, and congressional recognition for strengthening critical mineral independence.
Further underscoring its alignment with U.S. strategic priorities, Almonty has appointed former senior United States Army generals as directors, bringing defense and national security expertise to support the Company’s role in securing critical mineral supply chains. The Company continues to advance its strategy of strengthening non-Chinese tungsten supply chains amid increasing geopolitical focus on critical minerals security.
Management Commentary
Lewis Black, Chairman, President and Chief Executive Officer of Almonty, said: “Relocating our headquarters to the United States is not merely symbolic. It reflects who we are – as Montana is the location of our recently acquired Gentung Tungsten Project – and where our future lies. Our investors, customers, and strategic partners are here because they recognize the urgency of building a Western tungsten supply chain free from Chinese dependence. With Sangdong Phase 1 complete and Gentung on track to begin production, we are delivering on that mission, and a U.S. home base ensures we remain at the center of it.”
About Almonty
Almonty (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict-free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to be a major contributor to the global non-China tungsten supply chain upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in the U.S. and Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit https://almonty.com.
Legal Notice
The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Forward-looking statements in this news release include, but are not limited to, statements concerning the expected timing and capacity of commercial production at the Gentung Tungsten Project in Montana, the development of the Company’s other tungsten and molybdenum projects, and the expected impact of tungsten market trends and prices on the Company’s operations. Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate.
Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the expected timing and capacity of commercial production at the Gentung Tungsten Project in Montana, the development of the Company’s other tungsten and molybdenum projects, and the expected impact of tungsten market trends and prices on the Company’s operations. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the risks identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary.
Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260413261619/en/
Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com
Investor Relations Contact
Lucas A. Zimmerman
Managing Director MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us
www.mzgroup.us
Original: Almonty Industries Establishes U.S. Corporate Headquarters, Reinforcing Role as America’s Tungsten Supplier
CA Market News
3月前
Almonty Industries Reports Fourth Quarter and Full Year 2025 Financial ResultsMarch 18, 2026 11:25 PM
Business Wire
First Ore Delivered to Sangdong Mine ROM Pad, Marking Transition to Active Mining Operations Ahead of Commercial Production
Tungsten Pricing Seeing Strong Growth, with TTM Average APT Price Increasing 534% Year-Over-Year to US$2,250 per MTU
Almonty Industries Inc. (“Almonty” or the “Company”) (Nasdaq: ALM; TSX: AII; ASX: AII; Frankfurt: ALI1), a leading global producer of tungsten concentrate, today announced its financial results for the three and twelve months ended December 31, 2025.
Financial Summary:
Unless otherwise indicated, all figures are expressed in millions of Canadian dollars.
Three Months Ended
Year Ended December 31,
December 31,
2025
2024
2025
2024
Revenue
$8.7
$6.3
$32.5
$28.8
Income (Loss) from Mining Operations
$1.3
($0.5)
$2.4
$2.0
General and Administrative Costs
$9.4
$1.8
$20.5
$6.2
Income (Loss) Before Other Expenses & Income Taxes
($16.3)
($3.4)
($36.2)
($13.3)
Non-Cash Gain (Loss) on Valuation of Embedded Derivative Liabilities, Due to Share Price Appreciation
($87.3)
($0.3)
($97.4)
($0.6)
Net Income (Loss) for the Period
($102.3)
($5.4)
($161.9)
($16.3)
Adj. EBITDA (non-IFRS) (1)
($6.2)
($2.0)
($17.1)
($3.1)
Key Fourth Quarter 2025 & Subsequent Operational Highlights
On March 17th, 2026, Almonty hosted a formal commissioning ceremony at its Sangdong Tungsten Mine in Gangwon Province, South Korea, marking the nearly three year completion of development and the transition of the project toward commercial operations. Sangdong is one of the largest and highest-grade tungsten deposits in the world and is expected to become a key source of secure supply for Western industrial and defense supply chains.
In December 2025, Almonty achieved a pivotal milestone with the delivery of the first truckload of ore to the Run-of-Mine (ROM) pad at the Sangdong Mine in South Korea, marking the transition from mine development to active mining operations and the final step before commencement of commercial production.
In December 2025, the Company closed a successful public offering of 20.7 million common shares for gross proceeds of US$129.4 million, bringing total cash and cash equivalents to $268.4 million at December 31, 2025.
Almonty completed the acquisition of the Gentung Tungsten Project in Beaverhead County, Montana, adding a near-term U.S. production asset to the Company’s portfolio.
Appointed Brigadier General (Retired) Steven L. Allen as Chief Operating Officer to optimize tungsten deliveries across Almonty’s operations and accelerate development of the Sangdong Molybdenum Project and Gentung Tungsten Project.
Subsequent to the quarter, Almonty appointed Guillaume Wiesenbach de Lamaziere, CFA as Chief Development Officer to spearhead corporate development strategy and execution.
Fourth Quarter and Full Year 2025 Financial Results Highlights
Revenue recorded in the fourth quarter of 2025 increased by 39% to $8.7 million, as compared to $6.3 million in the same year-ago quarter. For the full year ended December 31, 2025, revenue increased by 13% to $32.5 million, as compared to $28.8 million in the prior year. The increase was driven by a significant increase in the spot price of tungsten APT, with the trailing twelve-month average APT price increasing 534% to US$2,250 per MTU as of March 13, 2026.
General and administrative expenses in the fourth quarter of 2025 totaled $9.4 million, as compared to $1.8 million in the same year-ago quarter. For the full year ended December 31, 2025, general & administrative expenses totaled $20.5 million, as compared to $6.2 million in the prior year. The increase was primarily attributable to additional legal fees and costs incurred in connection with ongoing corporate and regulatory activities, including costs associated with the December 2025 public offering, the Company’s special meeting held on September 29, 2025 and the Company’s proposed U.S. domestication process.
Net loss in the fourth quarter of 2025 was $102.3 million, as compared to a loss of $5.4 million in the same year-ago quarter. For the full year ended December 31, 2025, net loss was $161.9 million, as compared to a loss of $16.3 million in the prior year. The change was primarily attributable to a non-cash loss of $87.3 million on the revaluation of embedded derivative liabilities associated with convertible debentures taken in the fourth quarter of 2025, which was driven by the significant appreciation in Almonty’s share price during the year from C$1.36 at December 31, 2024 to C$12.07 at December 31, 2025. This non-cash accounting charge does not impact the Company’s operating performance, cash flow, or liquidity position.
Adjusted EBITDA, a non-IFRS measure, was ($6.2) million in the fourth quarter of 2025, as compared to ($2.0) million in the same year-ago quarter. For the full year ended December 31, 2025, Adjusted EBITDA was ($17.1) million, as compared to ($3.1) million in the prior year.(1)
Cash as of December 31, 2025 totaled $268.4 million, as compared to $7.8 million as of December 31, 2024. The increase was primarily a result of the receipt of gross proceeds from two public offerings completed during 2025: the July 2025 Nasdaq IPO (US$90 million) and the December 2025 offering (US$129.4 million).
Note on Non-Cash Items
As Almonty has evolved from a junior mining company into a more established tungsten producer with listings across four international exchanges, including the Nasdaq listing in July 2025, its financial reporting has necessarily become more complex and reflects the standards expected of a larger and more broadly held public company. The non-cash fair value revaluation of derivative and warrant liabilities in particular are a function of that transition and of the Company’s changing capital structure during the year.
While these accounting impacts materially affected reported net income, they did not affect its cash position, liquidity, or the operational progress the Company made across the business.
Management Commentary
Lewis Black, Chairman, President & CEO, commented: “The fourth quarter marked a defining milestone for Almonty with the delivery of the first ore to the ROM pad at Sangdong, transitioning us from development into active mining operations at what we expect will become one of the Western world’s largest tungsten mines. Coupled with a transformative year of capital markets activity that has strengthened our balance sheet with over $268 million in cash, continued production from Panasqueira, and Sangdong advancing toward commissioning, the Company believes it is well positioned for its next phase of growth.
“Looking ahead, we are focused on completing commissioning at Sangdong and optimizing throughput to meet surging demand from Western governments and defense customers seeking secure, long-term tungsten supply. With APT prices reaching record levels above US$2,200 per MTU and the structural supply deficit expected to deepen, Almonty is poised to play a central role in reshaping allied tungsten trade flows for decades to come.”
Brian Fox, Chief Financial Officer, added: “Our fourth quarter results reflect the impact of significant non-cash accounting charges driven by the appreciation in our share price during 2025, which required revaluation of certain financial instruments under IFRS. Excluding these non-cash derivative revaluation charges, our operating results were consistent with expectations as the Panasqueira Mine continued to deliver steady revenue growth supported by the strengthening APT price environment. Additionally, $3.1 million of revenue was deferred to the first quarter of 2026 due to the timing of concentrate shipments, which we believe better reflects the underlying operating performance of the quarter. These types of adjustments have been and continue to be seen across a broad section of companies and sectors as growth and valuation typically increase with the transition from Junior to Mid Cap.”
About Almonty
Almonty (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to supply a significant portion of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in Spain and the United States, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit https://almonty.com.
Legal Notice
The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
(1) Use of Non-IFRS Financial Measures
This news release makes reference to the non-IFRS financial measure “Adjusted EBITDA”. Non-IFRS financial measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and may not be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS financial measures by providing further understanding of Almonty’s results of operations from management’s perspective. Almonty’s definitions of non-IFRS measures, including the definition of the non-IFRS financial measure “Adjusted EBITDA” used in this news release, may not be the same as the definitions for such measures used by other companies in their reporting. Non-IFRS measures have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of Almonty’s financial information reported under IFRS. Almonty uses non-IFRS financial measures, including “Adjusted EBITDA”, to provide investors with supplemental measures of its operating performance and to eliminate items that have less bearing on operating performance or operating conditions, and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. In this news release, Almonty uses the non-IFRS financial measure “Adjusted EBITDA”. Almonty’s management uses Adjusted EBITDA in order to evaluate its operating performance, by eliminating the impact of non-operational or non-cash items.
Almonty believes that securities analysts, investors and other interested parties frequently use non-IFRS financial measures in the evaluation of issuers. Almonty’s management also uses non-IFRS financial measures in order to facilitate operating performance comparisons from period to period.
IFRS NET INCOME (LOSS) TO ADJUSTED EBITDA RECONCILIATION
(in thousands of Canadian Dollars)
Three Months Ended
Year Ended December 31,
December 31,
2025
2024
2025
2024
Net income (loss) for the period
(102,273)
(5,404)
(161,913)
(16,298)
Depreciation & amortization
251
270
1,043
1,120
Loss on valuation of embedded derivative liabilities
87,269
294
97,408
630
(Gain) loss on valuation of warrant liabilities
(44)
1,728
29,337
2,032
Foreign exchange (gain) loss
4,896
(220)
2,973
1,779
Taxes
273
(13)
470
372
Interest, net
644
969
2,494
4,566
Share-based compensation
2,734
335
11,085
2,734
Adjusted EBITDA (Non-IFRS)
(6,249)
(2,041)
(17,103)
(3,065)
The $126.7 million in non-cash revaluation charges comprises $97.4 million related to the fair value revaluation of embedded derivative liabilities and $29.3 million related to the fair value revaluation of warrant liabilities. These charges arise from the application of IFRS fair value accounting requirements to the Company’s outstanding convertible debt instruments and warrants, and reflect changes in the Company’s share price, volatility assumptions, and other market-based inputs during the period.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws.
All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the successful commissioning of the Sangdong Mine processing plant, the expected timing and capacity of commercial production, the development of the Company’s tungsten and molybdenum projects, the Company’s proposed U.S. domestication process, and the expected impact of tungsten market trends and prices on the Company’s operations.
Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the successful completion of commissioning at the Sangdong Mine, the availability of funding for continued development, and the expected trajectory of tungsten prices.
Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the risks identified in the Company’s annual information form for the year ended December 31, 2025 dated March 18, 2026.
Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary.
Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318274370/en/
Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com
Investor Relations Contact
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us
www.mzgroup.us
Original: Almonty Industries Reports Fourth Quarter and Full Year 2025 Financial Results
CA Market News
3月前
Almonty Completes Phase 1 of Sangdong Tungsten Mine in South KoreaMarch 16, 2026 7:30 AM
Business Wire
Sangdong Returns to Production After More Than 30 Years, Designed to Supply Approximately 40% of Western Tungsten Demand at Full Capacity
Almonty Industries Inc. (“Almonty” or the “Company”) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, today announced the completion of Phase 1 commissioning at its Sangdong Tungsten Mine in Gangwon Province, South Korea –marking the return to production after more than 30 years.
Phase 1 of the Sangdong Mine is now commissioned and producing, with the processing plant designed to handle approximately 640,000 tonnes of ore annually, yielding roughly 2,300 tonnes of tungsten concentrate per year. A planned Phase 2 expansion, expected to come online in 2027, is designed to increase processing capacity to approximately 1.2 million tonnes of ore annually, doubling tungsten output to roughly 4,600 tonnes per year. At full capacity, Sangdong is expected to supply ~40% of global tungsten demand outside China.
On March 17, 2026, at 10:00 a.m. local South Korean time, Lewis Black, President and CEO of Almonty, will host a formal commissioning ceremony at the Company’s Sangdong Tungsten Mine marking the completion of development and the transition of the project toward commercial operation. The Company is expecting the ceremony to be attended by over 200 political figures from all branches of the South Korean Government as well as various representatives from the U.S. embassy in Seoul.
The Sangdong Mine was historically one of the world’s largest tungsten producers before operations were suspended in the early 1990s following a prolonged downturn in commodity prices. Since acquiring the project in 2015, Almonty has invested more than $100 million to redevelop the site as a modern underground mining operation with a newly constructed processing plant. The redevelopment includes approximately four kilometers of underground tunnel development, a mineral processing plant equipped with SAG and ball mills supplied by Metso, and advanced operational monitoring systems.
Sangdong has an expected mine life exceeding 45 years and an average ore grade of approximately 0.51% tungsten trioxide (WO3), roughly three times the global average. The project was developed in accordance with the Equator Principles and is located in the Republic of South Korea, a mature democracy and close strategic ally of the United States.
Management Commentary
Lewis Black, Chairman, President & CEO of Almonty, commented: “The completion of Phase 1 at the Sangdong Tungsten Mine marks the culmination of more than a decade of investment and development. This is a significant milestone in the effort by the United States and its allies to diversify supply chains for critical minerals away from China, which currently produces approximately 88% of the world’s tungsten supply. With commissioning now complete, our focus turns to optimizing throughput and advancing toward full commercial production.
“Looking ahead, the Phase 2 expansion and the development of our tungsten oxide facility and the adjacent Sangdong Molybdenum deposit will form the foundation of what we refer to as the ‘Korean Trinity’ – a fully integrated strategic-mineral value chain that positions South Korea as a global hub for the production, refining, and upgrading of tungsten. This will directly support U.S. defense procurement requirements mandating non-China tungsten sourcing after 2027 and significantly enhance resource security for the U.S. and its allies.”
About Almonty
Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Tungsten Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits, is expected to supply over 80% of global non-China tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and export restrictions by China. With established operations in Portugal and additional projects in Spain and the United States, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defense readiness. To learn more, please visit https://almonty.com.
Legal Notice
The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions.
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws.
All statements, other than statements of present or historical facts, are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are typically identified by words such as “plan”, “development”, “growth”, “continued”, “intentions”, “expectations”, “emerging”, “evolving”, “strategy”, “opportunities”, “anticipated”, “trends”, “potential”, “outlook”, “ability”, “additional”, “on track”, “prospects”, “viability”, “estimated”, “reaches”, “enhancing”, “strengthen”, “target”, “believes”, “next steps” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements concerning the successful commissioning of the Sangdong Tungsten Mine processing plant, the expected timing and capacity of commercial production, the development of the Sangdong Tungsten Mine’s Phase 2 expansion, the development of Almonty’s tungsten oxide facility and the adjacent Sangdong Molybdenum deposit, and the expected impact of tungsten market trends on the Company’s operations.
Forward-looking statements are based upon certain assumptions and other important factors that, if untrue, could cause actual results to be materially different from future results expressed or implied by such statements. There can be no assurance that forward-looking statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include, without limitation, the successful commissioning of the Sangdong Tungsten Mine processing plant, the expected timing and capacity of commercial production, the development of the Sangdong Tungsten Mine’s Phase 2 expansion, the development of Almonty’s tungsten oxide facility and the adjacent Sangdong Molybdenum deposit, and the expected impact of tungsten market trends on the Company’s operations.
Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, including, without limitation, the risks identified in the identified in the Company’s management’s discussion and analysis for the three and nine months ended September 30, 2025.
Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that could cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary.
Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive. When relying on Almonty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Almonty has also assumed that material factors will not cause any forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE, EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260316607350/en/
Company Contact
Lewis Black
Chairman, President & CEO
(647) 438-9766
info@almonty.com
Investor Relations Contact
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
ALM@mzgroup.us
www.mzgroup.us
Original: Almonty Completes Phase 1 of Sangdong Tungsten Mine in South Korea
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