ALM•Almonty Industries reported third-quarter 2026 net income of CAD 50.24 million, up 51% year over year, and revenue of CAD 41.89 million. Net income included CAD 47.9 million in non-cash gains.
Almonty Industries’ third-quarter 2026 revenue rose year over year to CAD 41.89 million, driven by higher tungsten APT prices. Cash was CAD 1.15 billion at September 30, primarily reflecting proceeds from a June convertible senior notes offering.
Sangdong produced its first tungsten concentrate in September, and more than 90% of Phase I production is contracted. The Phase II expansion targets completion in 2027, subject to operating performance and market conditions.
