Almonty Industries Crosses the Line: From Tungsten Build to Cash-Flow Reality

2025 was an exceptionally successful year for Almonty Industries Inc. (TSX:AII) (NASDAQ:ALM) (ASX:AII). CEO Lewis Black led the company onto the NASDAQ, raised over USD 200 million in fresh capital, acquired a tungsten project in Montana (USA), advanced the development of the mine in Portugal, and – just in time for the Christmas season – brought the Sangdong mine in South Korea into production.

It was a year full of major milestones. However, when you watch the new interview between Lewis Black and Lyndsay Malchuk, you quickly get the impression that this was only the beginning. The real value creation may still lie ahead – as revealed at the end of the video.


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