Almonty Industries Inc. was incorporated in Ontario on September 28, 2009. Almonty is a leading producer of tungsten concentrates, primarily serving the defense industry, with plans to vertically integrate into oxide production. Its flagship asset, the Sangdong Tungsten Mine in South Korea, is one of the world's largest tungsten deposits by inferred mineral resources with superior grades, and is currently undergoing commissioning. The company also holds a molybdenum project near the Sangdong mine with significant inferred resources, providing another critical material for aerospace alloys, energy infrastructure, and nuclear defense applications.