Almonty Industries Inc. (NASDAQ: ALM) announced Jorge Beristain will join as chief financial officer effective June 1, 2026, according to a company statement.

Beristain most recently served as vice president of finance at Ryerson Holding Corp (NYSE: RYI), a metals service center with $5 billion in revenue. He previously held the CFO position at Central Steel & Wire Co., an $800 million subsidiary of Ryerson, and currently serves as an independent director of Elevra Lithium Limited (NASDAQ/ASX: ELVR).

Earlier in his career, Beristain worked as managing director and head of Americas metals & mining equity research at Deutsche Bank Securities. He holds a bachelor of commerce degree from the University of Alberta and has maintained CFA designation for over 25 years.

Brian Fox departed his role as CFO immediately, the company stated. Guillaume de Lamaziere, currently chief development officer, will serve as interim CFO until Beristain's start date.

De Lamaziere brings over 30 years of financial leadership experience, including former roles as CEO and chief operating & financial officer of AIG Asset Management (Europe) Ltd. and senior positions at Goldman Sachs in New York and Paris.

"Jorge is exactly the right leader for the next phase of Almonty's growth as our Sangdong Mine comes on line with revenue generation this year," said Lewis Black, chairman, president and CEO of Almonty.

The Toronto-based company produces tungsten and operates the Sangdong Mine in South Korea along with facilities in Portugal. The company also trades on the Toronto Stock Exchange (TSX: AII), Australian Securities Exchange (ASX: AII), and Frankfurt Stock Exchange (Frankfurt: ALI1).