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Highlights
Almonty Industries Inc. (TSX:AII) (ASX:AII) (OTCQX:ALMTF) (Frankfurt: ALI) joins the S&P/TSX Global Mining Index
Inclusion aligns with its position as a tungsten supplier for defense-related supply chains
Recognition comes amid development progress at the Sangdong project in South Korea
Almonty Industries Inc. (TSX:AII) (ASX:AII) (OTCQX:ALMTF), an international tungsten concentrate producer, has officially become a constituent of the S&P/TSX Global Mining Index. This inclusion, effective as of the market opening on June twenty-third, highlights Almonty’s expanding role in the global mining sector. The index serves as a benchmark for global mining companies and encompasses diversified producers across precious, base, and specialty metals.
Strategic Milestone for Tungsten Operations
The addition of Almonty Industries to this index reflects its growing influence within the specialty metals landscape, specifically tungsten, which continues to gain relevance due to its strategic importance in industrial and defense applications. The company’s leadership indicated that the index inclusion marks a significant validation of its operational trajectory and underlines the relevance of its projects across Europe and Asia.
Ongoing Projects in Key Regions
Almonty is actively managing operations across multiple jurisdictions. Its Panasqueira mine in Portugal continues to produce and ship tungsten concentrate. The company is also advancing construction at the Sangdong mine in Gangwon Province, South Korea. Sangdong, historically one of the most notable tungsten mines outside of China, offers a long-life, high-grade deposit with additional exploration upside tied to underlying resources.
Alongside these flagship projects, Almonty is progressing development work at its Valtreixal tin-tungsten project in northwestern Spain, and the Los Santos Mine in western Spain. These operations reflect a strategy focused on delivering critical raw materials from politically stable, conflict-free regions.
Defense Sector Relevance and Resource Security
Leadership at Almonty emphasized that tungsten remains essential to allied defense and industrial supply chains. The company continues to position itself as a strategic resource partner amid heightened focus on secure sourcing of specialty metals. Global developments have reinforced the importance of non-Chinese tungsten supply, and Almonty’s projects are aligned with broader industry movements toward diversified sourcing.
Index Inclusion Reflects Sector Alignment
Joining the S&P/TSX Global Mining Index represents more than a market acknowledgment. It places Almonty among a peer group of internationally recognized mining enterprises. The index is widely referenced by institutional benchmarks and reflects a global perspective on commodity producers operating across borders.
Almonty’s presence on this platform may increase awareness of its global operations and development pipeline. The timing of this inclusion coincides with milestones being achieved at the Sangdong site, contributing to an expanded role in the international tungsten sector.
