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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.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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