Almonty starts operations in US with Montana tungsten project acquisition

Almonty Industries, a planetary shaper of tungsten concentrate, has begun operations successful the US aft it acquired 100% ownership of the Gentung Browns Lake tungsten task successful Beaverhead County, Montana.

This transaction adds 1 of the astir precocious undeveloped tungsten assets successful the US to Almonty’s planetary portfolio.

The Gentung Browns Lake task features NI43-101 full mineral resources of 7.53 cardinal tonnes astatine 0.315% tungsten trioxide, based connected a 0.10% cut-off.

The tungsten deposit is simply a interaction metasomatic garnet skarn hosting scheelite mineralisation and is owed to beryllium mined via a room-and-pillar underground method successful competent skarn rock.

Metallurgical trial works bespeak much than 90% tungsten betterment and 20–25% garnet recovery.

The task benefits from established infrastructure including roadworthy access, adjacent power, h2o rights and an existing mill site.

Almonty holds exclusive rights to research and make the Gentung Browns Lake corridor, targeting imaginable accumulation readiness by the 2nd fractional of 2026 (H2 2026).

Initial plan expectations suggest an output of astir 140,000 tonne units per year.

The acquisition reinforces the US’ home tungsten proviso and provides Almonty with further capableness to enactment aboriginal deliveries to defence contractors and different strategical industries.

This determination comes arsenic request grows for secure, non-Chinese sources of tungsten.

The acquisition aligns with US Government initiatives to heighten captious mineral independency crossed defence, aerospace and precocious exertion sectors.

Almonty president and CEO Lewis Black said: “This closing marks a transformative infinitesimal for Almonty. By entering the United States, we are expanding into the world’s astir strategical marketplace for tungsten, 1 that is actively rebuilding home proviso chains and reducing reliance connected China.

“The Gentung Browns Lake Project positions Almonty arsenic a long-term, integrated United States supplier susceptible of supporting captious industries, from defence and aerospace to semiconductors and precocious manufacturing. Anchored by our flagship Sangdong Mine, this acquisition establishes the instauration of a Western tungsten powerhouse with the quality to present secure, sustainable and high-quality proviso to the United States and its allies.”

The Gentung Browns Lake task acquisition continues Almonty’s imaginativeness to physique an integrated, Western-based tungsten level spanning Europe, Asia and North America.

Earlier successful January, Almonty announced an exclusive offtake statement with SeAH Group to proviso the full accumulation of molybdenum from Almonty’s Sangdong Molybdenum task successful South Korea.