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Almonty Ignites Commercial Mining at Sangdong, Raises US$220M Amid Tungsten Boom
3:32pm on Thursday 19th of March, 2026 AEDT
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Mining
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Almonty Ignites Commercial Mining at Sangdong, Raises US$220M Amid Tungsten Boom
3:32pm on Thursday 19th of March, 2026 AEDT
Key Points
Sangdong Mine begins commercial production in December 2025
Nasdaq IPO and December equity raise total over US$200 million
Revenue growth supported by sharp increase in tungsten prices
Net loss widens to $161.9 million, largely from non-cash derivative revaluations
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Almonty Industries (ASX:AII)
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