Almonty Industries (ASX:AII) will join the Russell 1000 and Russell 3000 indices when markets open on 29 June.
The tungsten concentrate producer appears on FTSE Russell’s preliminary list of additions for the 2026 Russell indexes reconstitution, announced on 22 May.
Almonty CEO Lewis Black says the inclusion “reflects significant operational and financial progress as the company establishes itself as the cornerstone of the Western tungsten supply chain”.
The company’s flagship Sangdong Mine in South Korea is now coming online, while Almonty has relocated its corporate headquarters to the US and maintains what it describes as a ‘fortress balance sheet’ to support continued growth.
“We believe inclusion in the Russell indexes will further expand our visibility within the institutional investment community and broaden our shareholder base,” Black adds.
Almonty Industries describes itself as a ‘leading supplier of conflict-free tungsten’, a strategic metal critical to the defence and advanced technology sectors.
The Sangdong Mine is one of the world’s largest and highest-grade tungsten deposits and is expected to supply a significant share of global non‑China tungsten production at full capacity.
Almonty Industries is a tungsten concentrate producer with its flagship Sangdong Mine in South Korea, one of the world’s largest and highest‑grade tungsten deposits.
The company also has established operations in Portugal and additional projects in Spain and the US.
Write to JC Villarba at Mining.com.au
Images: Almonty Industries
