Almonty Industries has started operations in the US by acquiring 100% ownership of the Gentung Browns Lake tungsten project in Montana, adding a significant asset to their global portfolio. The project boasts substantial mineral resources, with high tungsten and garnet recovery rates. Infrastructure is well-established, and production readiness is targeted for the second half of 2026. This move enhances the US’ domestic tungsten supply, aligns with government initiatives for critical mineral independence, and supports industries like defence and aerospace. Almonty aims to establish a Western-based tungsten platform spanning multiple continents.

Read more at Yahoo Finance: Almonty starts operations in US with Montana tungsten project acquisition