Almonty Korea donates $9,000 to rural high school in Gangwon Province

Almonty Korea Tungsten, which operates a tungsten mine in Gangwon Province, said Wednesday it has donated 12 million won ($9,000) to Sangdong High School, a small rural school that turned to baseball as a way to avoid closing. The company handed over the donation Tuesday at the school in Sangdong, a town in Yeongwol County. It is the fourth consecutive year the company has supported the school’s baseball team. The Korean company is a subsidiary of Almonty Industries, a tungsten producer listed on the Nasdaq and the Toronto Stock Exchange. Its Sangdong mine, located in the same town, began active mining in December last year. Tungsten is a hard, heat-resistant metal used in industries from electronics to defense. Sangdong High School faced closure when its enrollment fell to just three students. In 2023, with help from the local community, it reinvented itself as a school specializing in baseball. The team has since made quick progress. Last year, it reached the round of 16 at the 80th Blue Dragon Flag National High School Baseball Championship, one of the country’s major high school