Almonty Industries Announces Issuance of 62,518 Common Shares with ASX Cleansing Notice

Almonty Industries’ Role in Tungsten Supply Chain

Almonty Industries Inc. is a leading supplier of conflict-free tungsten, a critical metal essential to defense and advanced technology sectors. The company focuses on tungsten production amid rising geopolitical demand from Western allies prioritizing supply-chain security and defense preparedness. Tungsten’s strategic importance has increased due to its vital applications in armor, munitions, and electronics manufacturing, especially in the context of global geopolitical tensions.

The company’s operations span several countries and project phases. Its flagship asset, the Sangdong Mine in South Korea, is recognized as one of the world’s largest and highest-grade tungsten deposits. Additionally, Almonty maintains established operations in Portugal and is advancing projects in the United States and Spain, ensuring geographic diversification and multiple avenues to meet growing tungsten demand from defense and technology markets.

Details on Share Issuance and Capital Management

On July 24, 2026, Almonty Industries announced the issuance and allotment of 62,518 common shares, as disclosed in the Appendix 3G filed with the ASX. This issuance reflects routine capital management, although the cleansing statement did not specify recipients, pricing, or proceeds. No indication was given whether this issuance is part of a broader capital raising or employee incentive plan.

The share issuance coincided with the filing of a cleansing notice, a regulatory requirement under Australian securities law. Such capital activities are common among publicly listed companies managing equity structure and capital needs.

Compliance with Australian Securities Law via Cleansing Notice

Almonty issued a formal cleansing notice under section 708A(5) of the Corporations Act, as amended by ASIC Corporations (Offers of CHESS Depository Interests) Instrument 2025/180. This notice permits the on-sale of the 62,518 shares without additional disclosure documentation. The cleansing mechanism allows securities issued under certain exemptions to be sold without triggering new disclosure obligations, provided compliance conditions and certifications are met.

In the notice, Almonty certified to the ASX that it complied with regulatory requirements, including issuance without disclosure under Part 6D.2 of the Corporations Act, adherence to Chapter 2M, and sections 674 and 674A as of the notice date. The company also confirmed no information had been withheld from continuous disclosure notices per ASX Listing Rules. These certifications, approved by the Board, represent binding statements to the market and regulators.

Certification of Continuous Disclosure Compliance

As of July 24, 2026, Almonty confirmed no material information was excluded from continuous disclosure notices under ASX Listing Rules. The company affirmed that investors and their advisors have access to all information necessary for informed assessments of Almonty’s assets, liabilities, financial position, performance, and prospects. This certification is a key requirement of the cleansing notice framework, demonstrating adherence to market disclosure standards.

The company also confirmed no material undisclosed information regarding the rights or liabilities attached to the shares exists. The Board’s formal approval of these certifications underscores the company’s commitment to transparency and regulatory compliance.

Sangdong Mine: Almonty’s Premier Tungsten Asset

The Sangdong Mine in South Korea is Almonty’s primary operational asset, historically one of the world’s largest and highest-grade tungsten deposits. This mine is central to Almonty’s long-term strategy to supply tungsten to Western defense and technology markets. Its strategic location offers access to established infrastructure and regulatory frameworks, supporting supply-chain security amid geopolitical concerns.

Given increasing demand for conflict-free tungsten, the Sangdong Mine’s production capacity and grade quality position Almonty competitively to meet Western allies’ needs for reliable tungsten supply, reducing dependence on unstable or adversarial sources.

Diversified Project Portfolio Across Key Jurisdictions

Beyond Sangdong, Almonty operates projects across Portugal, the United States, and Spain. The company is advancing the South Korean Sangdong Molybdenum Project and the U.S.-based Gentung Browns Lake Project, among others. This geographic and commodity diversification mitigates concentration risks and aligns with Western markets’ emphasis on supply-chain security.

Including molybdenum projects alongside tungsten reflects Almonty’s broader focus on critical metals vital to defense and advanced manufacturing. The U.S.-based projects align with strategic priorities under the Biden administration’s supply-chain resilience and economic security initiatives.

Forward-Looking Plans and Associated Risks

Almonty’s update highlights advancement plans for the Sangdong and Panasqueira Mines, acceleration of the Sangdong Molybdenum Project, and development of the Gentung Browns Lake Project. While these initiatives are key to growth, no specific timelines, capital expenditures, or production targets were disclosed. The company cautions that forward-looking statements are subject to risks and uncertainties that could cause actual outcomes to differ materially.

Key risks include commodity price fluctuations, regulatory and permitting challenges, geopolitical factors, financing risks, and operational execution issues. The company advises investors to consider these uncertainties and avoid undue reliance on projections. No financial guidance regarding production or revenues was provided.

Driving Tungsten Demand in Defense and Technology Sectors

The update emphasizes tungsten’s critical role in armor, munitions, and electronics manufacturing, underscoring its strategic importance amid geopolitical tensions. Almonty’s positioning as a conflict-free tungsten supplier aligns with Western defense procurement and supply-chain diversification priorities, where provenance and reliability are paramount.

This differentiation is significant amid increasing scrutiny of mineral sourcing and supply-chain transparency. Almonty’s focus on serving Western allies committed to secure supply chains targets defense contractors, electronics manufacturers, and government agencies willing to pay premiums for assured supply reliability.

Multi-Exchange Listings Enhance Market Access

Almonty Industries is listed on multiple major exchanges: NASDAQ (ALM), TSX (AII), ASX (AII), and Frankfurt (ALI1). This multi-exchange presence provides broad access to capital markets across North America, Canada, Australia, and Europe, offering liquidity and capital-raising flexibility.

The ASX listing connects Almonty with Australian investors focused on critical minerals and defense-related themes, while NASDAQ and TSX listings reflect North American market importance. The Frankfurt listing provides European investor access, enhancing the company’s global capital market reach.

Robust Regulatory Compliance and Governance

Operating across multiple jurisdictions, Almonty navigates complex regulatory frameworks involving securities laws, mining regulations, and disclosure requirements. The cleansing notice under Australian law illustrates proactive compliance management. The company’s adherence to Chapter 2M and sections 674 and 674A of the Corporations Act reflects commitment to continuous disclosure and financial reporting standards.

The Board’s formal approval of the cleansing statement and company update, supported by external advisors including MZ Group for investor relations, demonstrates strong corporate governance and regulatory communication practices. Legal disclaimers and cautionary statements further mitigate legal and regulatory risks.