Almonty accelerates Sangdong molybdenum drilling program in South Korea amid supply shortage

American Integrity Insurance Group, Inc.

American Integrity Insurance Group, Inc.

AII

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  • Almonty Industries accelerated drilling at the Sangdong Molybdenum Project in South Korea to confirm resources ahead of potential development.
  • About 37% of 26 planned holes have been drilled, covering about 12,000 meters; early assays align with historical grades.
  • Management aims to move into mining quickly once the ore body is confirmed, citing a severe South Korean molybdenum supply shortfall.
  • Molybdenum spot price rose about 23.5% over the past year to CNY 592.34/kg, supporting the project’s strategic rationale.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Almonty Industries Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260616660383) on June 16, 2026, and is solely responsible for the information contained therein.

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