Almonty Industries Inc. has joined the large-cap Russell 1000 Index and the broad-market Russell 3000 Index, effective with the opening of United States equity markets on Monday, June 29, 2026. The inclusion follows the conclusion of the 2026 Russell indexes reconstitution, which captures the 3,000 largest U.S. stocks ranked by total market capitalization. This development positions the tungsten concentrate producer within a key benchmark tracked by substantial institutional assets.

The Russell 1000 Index is a subset of the Russell 3000 Index, tracking the 1,000 largest publicly traded companies in the U.S. FTSE Russell determines membership primarily through objective, market-capitalization rankings and style attributes. Approximately $12.2 trillion in assets are benchmarked against the Russell U.S. indexes as of the end of June 2025.

Lewis Black, Chairman, President and Chief Executive Officer of Almonty Industries, stated that qualifying for the Russell 1000 and Russell 3000 is a milestone earned on the numbers. He noted that the inclusion signals market recognition of the scale the company has reached as a Western-aligned producer of a metal critical to defense and advanced-technology sectors. Black added that index membership connects Almonty with index-tracking funds and benchmark-driven institutions, potentially leading to steadier trading liquidity and a more durable base of long-term shareholders.

Russell Indexes Overview

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. The following table outlines the key details of the indexes Almonty has joined:

About Almonty Industries Inc.

Almonty Industries Inc. is a leading supplier of conflict-free tungsten, a strategic metal critical to the defense and advanced technology sectors. The company's flagship Sangdong Mine in South Korea is expected to supply a significant portion of global non-China tungsten production upon reaching full capacity. Almonty also holds established operations in Portugal and additional projects in Spain and the United States.

Almonty Industries Inc. has confirmed that drilling at its Sangdong Molybdenum Project in Yeongwol, Gangwon Province, South Korea, has yielded grades consistent with historical data. The company is accelerating its drilling campaign to address a critical supply shortage of the metal in South Korea. Molybdenum is a strategic metal used to enhance heat and corrosion resistance in steel and specialty alloys, with applications in aerospace, defense, and renewable energy. The spot price of molybdenum has increased by approximately 23.5% over the past year to 592.34 CNY/Kg.

The drilling program aims to re-examine mineralized structures identified in historical drill holes and enhance resource categorization. To date, approximately 37% of the 26 planned drill holes, covering a total of 12,000 meters, have been drilled. The assays received thus far support the company's confidence in the scale and quality of the resource. Almonty plans to begin mining without delay once the full extent of the molybdenum ore body at Sangdong is confirmed.

Market Context

South Korea is currently facing a supply crisis, with the national stockpile falling short. The government has issued public notices urging private companies to secure molybdenum to support industries such as semiconductors and petrochemicals.

Operational Strategy

Lewis Black, Chairman, President and Chief Executive Officer of Almonty Industries, stated that advancing both molybdenum and tungsten allows the company to build long-term value while supporting national resource security. He noted that the early results are highly encouraging and that the Sangdong Molybdenum Project can become a stable, allied source of supply for a metal vital to defense, energy, and advanced manufacturing.

The company previously determined that the Sangdong Tungsten Mine is its only material mining project under National Instrument 43-101 Standards and ASX Listing Rules. However, Almonty remains engaged in the operation and development of other mineral properties, including the Sangdong Molybdenum Project.