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Almonty Advances Intent to Become The Leading U.S. Integrated Tungsten Producer with Acquisition of Gentung Browns Lake Tungsten Project in Montana
Almonty Industries Inc. (“Almonty” or the “Company“) (NASDAQ: ALM) (T...
About this update from Almonty Industries Inc.
[{"type":"text","content":"Almonty Advances Intent to Become The Leading U.S. Integrated Tungsten Producer with Acquisition of Gentung Browns Lake Tungsten Project in Montana\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwtablemarginb { margin-bottom: 10px }\n.bwuline { text-decoration: underline }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth98 { width: 98% }\n \n\n\n\n Almonty Industries Inc. (“Almonty” or the “Company“) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, is pleased to announce that it has commenced operations in the United States with the successful acquisition of a 100% ownership of the Gentung Browns Lake Tungsten Project in Beaverhead County, Montana. With this closing, Almonty has added one of the most advanced undeveloped tungsten assets in the United States to its global portfolio.\n \n\n\n Project Highlights\n \n\n\n\n\n NI43-101 Total Mineral Resources\n \n : 7.53 Mt @ 0.315 % WO₃ at 0.10 % cut-off\n \n (1)\n \n\n\n\n Deposit Type\n \n : Contact metasomatic garnet skarn hosting scheelite mineralization\n \n\n\n Mining Method\n \n : Room-and-pillar underground development in competent skarn rock\n \n\n\n Metallurgy\n \n : > 90 % tungsten recovery; 20-25 % garnet recovery\n \n\n\n Infrastructure\n \n : Road access, nearby power, water rights, and existing mill site\n \n\n\n Development Path\n \n : Exclusive rights to explore and develop the Gentung-Browns Lake corridor; targeting potential production readiness by H2 2026\n \n\n\n Expected Output\n \n : ~140,000 Metric Ton Units (MTUs) of output per year based on initial design expectations\n \n\n\n\n\n\n\n\n\n\n\n ¹ National Instrument 43-101 Technical Report on the Gentung Tungsten Project, Beaverhead County, Montana, USA (Effective Date: February 2012).\n \n\n\n\n\n\n The acquisition marks a major step in reinforcing the United States’ domestic tungsten supply capabilities, providing Almonty with additional capacity that could support future deliveries to defense contractors and other strategic industries located i...