Welcome to our dedicated page for Almonty Industries news (Ticker: ALM), a resource for investors and traders seeking the latest updates and insights on Almonty Industries stock.
Almonty Industries Inc. reports developments tied to tungsten production, mine commissioning, critical-minerals supply chains, and capital markets activity. The company produces tungsten concentrate and has operations and projects including the Sangdong Tungsten Mine in South Korea, the Panasqueira tin and tungsten mine in Portugal, the Valtreixal tin and tungsten project in Spain, and the Gentung Browns Lake Tungsten Project in Montana.
Recurring coverage includes Sangdong operating milestones, financial results affected by tungsten APT pricing, offtake and contract activity, acquisitions and project development, exchange listings and financings, and governance changes. Almonty news also appears in broader critical-minerals coverage because tungsten is used in defense, aerospace, electronics, and advanced technology supply chains.
Western Star Resources (WSRIF) has begun a high-resolution drone magnetic survey at its 100%-owned Eagle Point tungsten project in Hidalgo County, New Mexico, as part of a broader push to delineate domestic tungsten resources amid tightening Chinese export controls and rising defense demand.
The UAV survey covers the property at 25–50 metre line spacing, aiming to map the limestone–granite contact and magnetite-bearing tactite bodies that host scheelite mineralisation, including beneath cover, and to extend eight historically known skarn bodies along strike. Data collection is expected to finish in about three weeks, with processing and interpretation to follow, feeding into geological mapping, sampling, drill targeting and permitting ahead of a planned maiden drill program in 2026.
The commentary also profiles sector players Almonty Industries (ALM), Guardian Metal Resources (GMTL), American Tungsten (TUNGF) and Vault Strategic Mining (KNXFF) as context for the emerging US-focused tungsten supply chain.
Almonty (NASDAQ: ALM) announced that its board has approved a new 2026 Share Repurchase Program authorizing the company to buy back up to 14,400,000 common shares, or about 5% of outstanding shares as of August 14, 2026. The aggregate purchase price may be up to US$300,000,000.
The program will run for 36 months, from August 24, 2026 to August 24, 2029, with purchases permitted on Nasdaq and alternative trading systems at market prices, as well as other methods allowed under Canadian and U.S. securities laws, including Rule 10b-18 safe harbor. Almonty may use Rule 10b5-1 automatic share purchase plans to continue repurchases during blackout periods. The company emphasized that the number and timing of repurchases will be determined by Almonty and that the program may be amended, suspended, or discontinued subject to applicable laws.
Almonty Industries (Nasdaq: ALM) reported second quarter 2026 revenue of $43.0 million, up 498% year-over-year, driven mainly by sharply higher tungsten APT prices. Income from mining operations was $26.1 million versus a loss of $0.9 million a year earlier, and Adjusted EBITDA rose to $17.6 million from negative $4.8 million.
Net income reached $181.8 million (diluted EPS $0.62), largely reflecting $173.1 million in net non-cash gains from revaluation of derivative and warrant instruments. Almonty closed an oversubscribed US$800 million 2.25% convertible senior notes offering, lifting cash to $1.23 billion. The Sangdong Mine remains in commissioning, and an amended GTP offtake deal extends term by six years, boosts volumes by 40% and improves pricing by about 6.3%. The company also joined the Russell 1000 and 3000 indices.
Almonty (Nasdaq: ALM) has obtained ASX approval to be removed from the ASX official list under Listing Rule 17.11. The delisting is expected on 1 September 2026, with CHESS depositary interests (CDIs) suspended from trading on 28 August 2026. The move follows the company’s decision to delist from the TSX effective 31 July 2026.
Almonty cites low and declining ASX trading volumes, with CDIs representing about 0.80% of issued shares and only 0.32–0.47% of daily volume versus Nasdaq and TSX. CDI holders can convert CDIs into shares on Nasdaq, sell on ASX before suspension, or use Voluntary (8 September–6 November 2026) and Compulsory Sale Facilities (9 November–9 December 2026). Post-delisting, shares will continue trading on Nasdaq (ALM) and the Frankfurt Stock Exchange (ALI1).
Almonty (NASDAQ: ALM) will voluntarily delist its common shares from the Toronto Stock Exchange at the close of trading on July 31, 2026. After the delisting, the shares will no longer trade on the TSX but will continue trading on the Nasdaq Capital Market under the symbol ALM.
According to Almonty, most daily trading volume already occurs on Nasdaq, and eliminating the TSX listing is intended to reduce financial, administrative and compliance costs. Under Subsection 720(b) of the TSX Company Manual, shareholder approval is not required because Nasdaq provides an alternative market. Canadian shareholders can generally trade ALM through brokers that access Nasdaq.
Almonty (NASDAQ: ALM) amended its long-term offtake agreement with Global Tungsten & Powders for Phase I tungsten concentrate from the Sangdong Mine in South Korea, extending the term from 15 to 21 years and increasing total contracted volume by 40% from 3.15 million to 4.41 million MTU.
According to Almonty, improved pricing raises the amount received per MTU by about 6.3%, lifting expected annual contract revenue at current APT prices by at least US$30 million and to around US$490 million. Minimum contracted volumes are 210,000 MTU per year after ramp-up, covering about 90% of Phase I output. The amendment follows the July 1, 2026 start of processing plant throughput as Sangdong ramps toward full capacity.
Almonty (NASDAQ: ALM) has begun processing operations at its Sangdong Mine in South Korea, moving from development to revenue-generating tungsten concentrate production. Initial plant feed draws on an approximately 139,700-tonne run-of-mine ore stockpile at a blended grade of about 0.25% WO₃.
According to Almonty, the contained tungsten in this stockpile represents roughly 2.6 months of Phase I throughput with an illustrative gross in-process value of about US$68 million at current prices. The company advanced 214.6 meters of underground development in Q2 2026.
Almonty Industries (NASDAQ: ALM), a global tungsten concentrate producer, has joined the Russell 1000 large-cap index and the Russell 3000 broad-market index, effective June 29, 2026.
Membership reflects Almonty’s market-cap ranking and may broaden exposure to index-tracking and benchmark-driven institutional investors.
Almonty Industries (NASDAQ: ALM) released an update on its large-scale drilling program at the Sangdong Molybdenum Project in South Korea. About 37% of 26 planned drill holes (≈12,000m total) are complete, with assays so far showing grades consistent with historical drilling.
The program aims to confirm molybdenum resources to support future project development amid a national molybdenum supply shortage. The molybdenum spot price has risen about 23.5% year over year to 592.34 CNY/kg.
Almonty (Nasdaq: ALM) closed a significantly oversubscribed private offering of 2.25% convertible senior notes due 2031 to qualified institutional buyers under Rule 144A.
The offering totals US$800 million in principal, including full over-allotment, generating approximately US$772.7 million in net proceeds to strengthen its balance sheet and fund the Sangdong Mine.