Almonty’s Accounting Paradox: Surging Share Price Triggers Major Loss

Almonty Industries finds itself in a curious financial position. The company recently reported staggering multi-million dollar losses in its quarterly results, yet simultaneously stands on the verge of a transformative breakthrough with its strategically vital Sangdong tungsten mine in South Korea.

Beyond these accounting entries, the company’s operational reality presents a far more promising picture. Construction of the flagship Sangdong mine is nearing completion and has entered its final pre-production phase. Management has confirmed a production start date during the second half of 2025.

This development carries significant strategic weight. Upon completion, Sangdong will rank among the largest tungsten operations outside of China, the nation that currently dominates the global market for this critical mineral. This positions Almonty Read more...