Core Viewpoint - Almonty Industries Inc. has announced the acquisition of the Gentung Browns Lake Tungsten Project in Montana for a total consideration of US$9,750,000, positioning itself for near-term tungsten production as early as the second half of 2026 [1][2][5]. Acquisition Details - The acquisition involves a cash payment of US$750,000 and the issuance of US$9 million in common shares, with the share price determined on the signing date [3]. - The transaction is subject to customary conditions, including stock exchange approval, and is expected to close around October 31, 2025 [4]. Project Significance - The Gentung Browns Lake Tungsten Project is noted as one of the most advanced undeveloped tungsten assets in the U.S., with significant preparatory work already completed by the current owners [2]. - The project is located in a historic tungsten district that previously supplied the U.S. national strategic stockpile, providing existing road access and infrastructure for efficient production [2]. Strategic Positioning - Lewis Black, Chairman and CEO of Almonty, emphasized that this acquisition allows the company to leverage its proprietary tungsten processing technologies and expand its footprint in the U.S. market, enhancing its position as a leading non-Chinese supplier of tungsten concentrate [5]. - The acquisition aligns with the growing demand for tungsten in defense and manufacturing sectors, which is expected to support a favorable pricing environment [5]. Company Overview - Almonty Industries is recognized as a leading supplier of conflict-free tungsten, critical for defense and advanced technology sectors, with its flagship Sangdong Mine in South Korea projected to supply over 80% of global non-China tungsten production upon reaching full capacity [6].