Almonty Industri Stock Price, News & Analysis

Almonty Industries (NASDAQ: ALM), a global tungsten concentrate producer, held a special shareholders' meeting to approve currency amendments for outstanding options and warrants. The company sought to change the exercise currency of 6,558,336 CDI Options from Australian dollars and 1,481,480 Warrants from US dollars to Canadian dollars.

The amendments received overwhelming shareholder support, with the CDI Option Amendment securing 99.31% approval and the Warrant Amendment gaining 99.51% approval. Currently, 74.61% of CDI Option holders and 100% of Warrant holders have consented to the changes. The modifications aim to eliminate accounting distortions arising from using different currencies than the company's functional currency (CAD).

Almonty Industries (NASDAQ: ALM) has launched a significant drilling program at its Sangdong Molybdenum Project in South Korea, planning 26 drill holes covering 11,700 meters of underground space. The initiative responds to South Korea's critical molybdenum supply shortage, with molybdenum prices rising 15.1% year-to-date to US$25.97 per pound.

The company aims to verify previously identified mineralized structures and potentially establish mineral reserves. Almonty has an exclusive supply agreement with SeAH M&S to provide 100% of the molybdenum production for the mine's lifetime. The project complements the company's Sangdong Tungsten Mine, which is currently preparing for Phase I production.

Almonty Industries (NASDAQ: ALM) has been selected for the 2025 TSX30™, recognizing it among the top 30 performing TSX-listed stocks over a three-year period. The company, a leading global tungsten producer, achieved significant milestones including a US$90 million Nasdaq IPO and redomiciling to the United States.

Key developments include securing a strategic offtake agreement with SeAH Group for 100% of future molybdenum production from the Sangdong Project at a US$19.00 per pound floor price. The company received recognition from the U.S. House Select Committee for its role in strengthening critical minerals supply chains and participated in DARPA's Critical Minerals Forum, positioning itself as a crucial Western supplier of tungsten for U.S. defense and technology sectors.

Almonty Industries (NASDAQ: ALM) has been selected for the prestigious 2025 TSX30™, recognizing it among the top 30 performing TSX-listed stocks based on three-year dividend-adjusted share price appreciation. The company, a leading Western tungsten producer, has achieved significant milestones including a US$90 million Nasdaq IPO and redomiciling to the United States.

Key developments include securing a strategic offtake agreement with SeAH Group for 100% of molybdenum production from the Sangdong Project at a US$19.00 per pound floor price, and receiving recognition from the U.S. House Select Committee for its role in strengthening critical minerals supply chains. The company's Sangdong Mine in South Korea is approaching first production, positioning Almonty as a crucial supplier for U.S. defense and technology sectors.

Almonty Industries (NASDAQ: ALM), a global tungsten concentrate producer, has announced a special shareholders meeting on September 29, 2025, to vote on currency amendments for certain convertible securities. The company seeks to change the exercise currency of 1,481,480 warrants from USD and 6,558,336 CDI options from AUD to Canadian dollars.

The proposed amendments aim to eliminate accounting distortions caused by having securities exercisable in non-functional currencies. Due to current accounting requirements, these securities are classified as derivative financial liabilities, resulting in a non-cash loss of C$63,894,000 for H1 2025 when the stock price rose from C$1.37 to C$6.72. The changes would allow these instruments to be recognized as equity, providing more accurate financial statements.

Almonty Industries (NASDAQ: ALM) reported Q2 2025 financial results, with revenue decreasing 9.4% to $7.2 million compared to $7.9 million in Q2 2024. The company recorded a significant net loss of $58.2 million, primarily due to non-cash losses from warrant and derivative liability revaluations.

Key developments include securing a strategic offtake agreement with Tungsten Parts Wyoming and Metal-Tech Ltd. for 40 metric tonnes of monthly tungsten oxide supply for U.S. defense applications. The company successfully completed construction at its flagship Sangdong mine, raised US$90 million through a public offering, and listed on the Nasdaq Capital Market. Cash position strengthened to $24.7 million as of June 30, 2025.

Almonty Industries (NASDAQ: ALM), a global tungsten producer critical to U.S. defense and technology sectors, has appointed Brian Fox, CPA as Chief Financial Officer effective August 25, 2025. Fox brings over 25 years of U.S.-based operational leadership experience, most recently serving as CFO & COO at CBIZ Marks Paneth. He holds a Master's degree from Harvard University and succeeds Mark Gelmon, who will transition to a financial consultant role.

The appointment aligns with Almonty's U.S. redomiciling strategy following their successful US$90 million public offering and Nasdaq listing. CEO Lewis Black emphasized that Fox's institutional-grade financial leadership will be crucial as the company scales operations and aligns with U.S. capital markets.

Almonty Industries (NASDAQ:ALM) has announced the pricing of its oversubscribed US$90 million public offering concurrent with its Nasdaq listing. The company is offering 20 million common shares at US$4.50 per share, with an additional 30-day over-allotment option for 3 million shares.

Trading on Nasdaq is set to commence on July 14, 2025, under the ticker "ALM". The offering, led by Oppenheimer & Co. and Cantor as Joint Bookrunners, is expected to close around July 15, 2025. The proceeds will primarily fund the development of Almonty's tungsten oxide facility and working capital needs.

The company will maintain its listings on the TSX (AII), ASX (AiiDA), and Frankfurt Exchange, while its OTCQX trading was suspended on July 11, 2025.