Core Insights - Almonty Industries reported a net income of $33.2 million for Q3 2025, significantly up from a loss of $5.3 million in the same quarter of the previous year, primarily due to a $34.5 million gain from the revaluation of warrant liabilities [1][8][10] Financial Performance - Revenue for Q3 2025 increased by 28% to $8.7 million compared to $6.8 million in Q3 2024, driven by higher tungsten prices and stable output from the Panasqueira Mine in Portugal [5][6] - Income from mining operations rose to $1.3 million in Q3 2025 from $0.7 million in Q3 2024 [3] - General and administrative costs surged to $3.7 million in Q3 2025 from $1.3 million in Q3 2024, largely due to expenses related to the acquisition of a U.S. tungsten project [6][9] - Adjusted EBITDA for Q3 2025 was ($2.2) million, worsening from ($0.6) million in Q3 2024 [9][11] Operational Highlights - Construction at the Sangdong project is substantially complete, with ramp-up activities underway and final project commissioning expected in the near term [1][10][12] - The company successfully listed on the Nasdaq Capital Market in July 2025, raising $90 million through a public offering [6][10] - Almonty is advancing its European and U.S. assets while exploring strategic partnerships to enhance its role in the Western tungsten supply chain [12][13] Strategic Outlook - The company aims to optimize throughput at Sangdong to meet increasing demand from Western governments and defense customers for secure tungsten supply [10][11] - Almonty's Sangdong Mine is projected to become the largest tungsten mine in the Western world, addressing critical supply vulnerabilities highlighted by geopolitical tensions [10][13]

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 day [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 [2] - The project is located in a historic tungsten district that previously supplied the U.S. national strategic stockpile, providing existing infrastructure for production [2] Strategic Positioning - The acquisition allows Almonty to leverage its proprietary tungsten processing and mining technologies, expanding its footprint in the U.S. market [5] - As demand for tungsten grows in defense and manufacturing sectors, Almonty aims to strengthen its position as a leading non-Chinese supplier of tungsten concentrate [5][6]

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].