Welcome to our dedicated page for Almonty Industri news (Ticker: ALM), a resource for investors and traders seeking the latest updates and insights on Almonty Industri 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.
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.