Almonty shareholder letter details tungsten supply role.

Almonty's shareholder letter says its Sangdong mine in South Korea is expected to supply over 80% of global non-China tungsten production at full capacity, and it notes existing operations in Portugal plus projects in the United States and Spain.

Almonty published a shareholder letter outlining its position in the tungsten market. The letter highlights the Sangdong Tungsten Mine in South Korea as the company's flagship asset and one of the world's largest and highest-grade tungsten deposits. It reports that Sangdong is expected to supply over 80% of global non-China tungsten production once it reaches full capacity. The letter also references operations in Portugal and additional projects in the United States and Spain. Reported details: - The letter describes tungsten as a strategic metal used in defense and advanced technology sectors. - Sangdong is reported as historically one of the world's largest and highest-grade tungsten deposits. - The letter states Sangdong is expected to supply over 80% of global non-China tungsten production upon reaching full capacity. - It cites recent U.S. defense procurement bans and export restrictions by China as context for supply vulnerabilities. - Almonty notes established operations in Portugal and additional projects in the United States and Spain. Summary: If Sangdong reaches full capacity, the company reports it would account for a large share of non-China tungsten supply and relate directly to the supply vulnerabilities the letter highlights. The letter frames Almonty's broader operations and projects as part of its alignment with demand from Western partners. Undetermined at this time.