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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.
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