TORONTO -- (Business Wire)Almonty Industries Inc.(TSX: AII |...

TORONTO -- (Business Wire)

Almonty Industries Inc.(TSX: AII | ASX: AII | OTCQX: ALMTF | Frankfurt: ALI) ("Almonty" or the "Company"), a leading global producer of tungsten concentrate, today announced the receipt of a formal letter [available here] from the Chairman and Ranking Member of the U.S. House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party.

The letter underscores Almonty’s strategic importance to the United States as it seeks to secure critical mineral supply chains amid rising geopolitical tensions. Specifically, the Committee acknowledged:

• The significance of Almonty’s Sangdong Mine in South Korea, which is expected to become the largest tungsten producer outside of China.
• The Company’s planned redomiciling to the United States, positioning Almonty to become the only U.S.-based company producing tungsten concentrates at commercial scale.

The Committee also expressed interest in ongoing engagement with Almonty, focusing on potential collaboration in support of the U.S. defense industrial base, including supply chain integration with American defense contractors and potential additions to the National Defense Stockpile.

The Company has subsequently responded to all questions posed by the Chairman and Ranking member of the U.S. House Select Committee.

Comment from Lewis Black, President and CEO of Almonty

“This recognition from U.S. congressional leaders affirms that Almonty’s Sangdong project is far more than a commercial endeavor — it is strategic infrastructure vital to the security and resilience of U.S. and allied supply chains. As we prepare to redomicile to the United States, our objective is to go beyond being a supplier. We are positioning Almonty as a trusted partner in reshoring and friend-shoring critical mineral capacity at a time when geopolitical pressures demand greater transparency, reliability, and allied control. We are deeply aligned with U.S. national security priorities and remain focused on delivering long-term value to our shareholders.”

Almonty is nearing completion of its processing facilities at the Sangdong Mine, with first production targeted for 2025. With no commercial tungsten production in the United States since 2015, Almonty’s entry into the market is expected to significantly bolster U.S. supply chain resilience for a mineral critical to munitions, aerospace, and other high-performance defense applications.