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As governments scramble to secure critical minerals and defense budgets expand worldwide, tungsten has quietly become one of the most strategic metals on the planet. In this in-depth conversation, Lewis Black, CEO of Almonty Industries, shares the full story behind the redevelopment of the historic Sangdong Mine in South Korea — once the world’s largest tungsten mine — and now positioned to become a cornerstone of non-Chinese supply. Rather than chasing headlines, Almonty spent years assembling a meaningful Western tungsten platform — with operating assets in Portugal, expansion in South Korea, and development plans in the United States. Now, with tungsten prices transitioning from decades of managed pricing into a freer market dynamic, the timing is proving critical. In this interview, we cover: Why tungsten has moved from “obscure industrial metal” to geopolitical pressure point The strategic importance of Sangdong’s reopening What commercial production and commissioning mean for 2026 Why Almonty chose to list on NASDAQ Montana development plans and North American expansion The company’s long-term cost discipline philosophy How Western supply chains are reshaping capital flows Retail shareholder engagement — including a behind-the-scenes Korea site visit initiative With commercial production underway and formal completion ceremonies scheduled, this marks a defining chapter for one of the only meaningful non-Chinese tungsten platforms in operation. If you want to understand where hard assets intersect with geopolitical reality - this is one to watch. Tickers: NASDAQ: ALM TSX: AII Website: www.almonty.com #Tungsten #CriticalMinerals #MiningStocks #Commodities #Geopolitics #DefenseSpending