Almonty Industries’ US move and Gentung restart: supply chain notes for mine planners
Reviewed by Tom Sullivan

First reported on MINING.com
30 Second Briefing
Global tungsten producer Almonty Industries has shifted its corporate headquarters from Toronto to Dillon, Montana, aligning its base with the recently acquired Gentung-Browns Lake tungsten project, a former Union Carbide operation with existing water rights and pipework. The company, which restarted the Sangdong mine in South Korea in March after a 30-year hiatus to supply US markets, plans to recommence Gentung production as early as late 2026 using reconditioned plant from its Spanish operations, pending an extraction permit. The move follows a $90 million oversubscribed Nasdaq IPO and a $129 million follow-on financing, signalling a push to build a US-aligned tungsten supply chain outside China.
Technical Brief
- Extraction at Gentung-Browns Lake is contingent on securing a formal extraction permit from Montana regulators.
- Almonty plans to restart Gentung as early as late‑2026 using reconditioned plant from its Spanish operations.
- Sangdong Phase 1 has already been completed, providing an operating production base while Gentung is advanced.
- Relocation to Dillon, Montana positions corporate functions close to US defence contractors and industrial tungsten offtakers.
- US policy has exempted tungsten from country‑based tariffs, improving project economics for US‑aligned non‑Chinese supply.
Our Take
Almonty Industries’ move to the US comes just months after commercial mining began at the Sangdong tungsten mine in South Korea (December 2025 coverage), signalling that the corporate shift is likely timed to coincide with the ramp-up of a major non-Chinese tungsten supply source.
The copper consumption growth metrics tied to China in this piece (3.7% annually to over 50% total by 2035) underscore why US-based tungsten and copper exposure is strategically attractive: sustained Chinese demand growth in copper tends to keep pressure on supply chains for associated critical minerals like tungsten that feature in our 302 keyword-matched items.
Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.
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