Almonty Industries acquires Montana Gentung tungsten project for $9.75 million

American Integrity Insurance Group, Inc.

AII

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Almonty acquired 100% of the Gentung tungsten project in Beaverhead County, Montana, for $9.75 million in a cash-and-share deal.
Deal included the existing plant permit, water rights, processing equipment, and legacy underground workings from a mine that last produced in 1975.
Independently verified total mineral resources estimated at 7.53 million tonnes; test work showed tungsten recovery above 90%.
Initial design expectations point to output of about 140,000 metric ton units per year; production readiness targeted in 2H 2026.
Permitting identified as the main gating item, despite funding in place and existing site infrastructure.

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