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Almonty Industries (AII) investor relations material

Almonty Industries SEO filing summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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SEO filing summary31 Oct, 2025

Company overview and business model

  • Leading producer of tungsten concentrate for defense, with plans to vertically integrate into oxide production and a significant molybdenum deposit.

  • Flagship Sangdong Mine in South Korea is among the world's largest tungsten deposits and is in soft commissioning, expected to supply a significant portion of global tungsten outside China.

  • Also operates the Panasqueira Mine in Portugal, one of the world's longest-producing tungsten mines, and holds assets in Spain and the U.S.

  • Growth strategy centers on building a secure Western-focused tungsten and molybdenum supply chain, reducing reliance on China.

  • Long-term, floor-priced offtake agreements with major customers in defense, aerospace, and high-tech manufacturing.

Financial performance and metrics

  • As of September 30, 2025, held $111.59 million in cash and equivalents, with $2.19 million restricted for Sangdong Mine development.

  • Working capital position of $74.41 million as of September 30, 2025.

  • Negative cash flow from operations: $17 million for the six months ended June 30, 2025, and $7.498 million for the prior year.

  • Anticipates increased cash flow once Sangdong Mine begins production; delays could impact ability to be cash flow positive.

Use of proceeds and capital allocation

  • July 2025 IPO in the U.S. raised $90 million; up to 85% of net proceeds allocated to development of a nano tungsten oxide facility in South Korea, with the remainder for working capital, corporate expenses, business development, and potential acquisitions.

  • Proceeds may also be used to fund anticipated negative cash flows during Sangdong Mine development.

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Q3 202514 Nov, 2025
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