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), 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) 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.

Almonty Industries (OTCQX: ALMTF), a leading global tungsten concentrate producer, has filed a registration statement for a U.S. public offering of common shares and applied to list on the Nasdaq Capital Market under ticker "ALM". The company plans to use the proceeds to fund its tungsten oxide facility development and working capital needs.

The offering will be led by Oppenheimer & Co. and Cantor as Joint Bookrunners, with D.A. Davidson as Lead Manager and Scotiabank as Co-Manager. Upon Nasdaq listing approval, Almonty's shares will cease trading on OTCQX while maintaining listings on TSX, ASX, and Frankfurt exchanges.

CEO Lewis Black emphasized the strategic timing amid rising global geopolitical tensions, which could support robust tungsten demand and pricing.

Almonty Industries (OTCQX: ALMTF) has filed an updated NI 43-101 Technical Report for its Sangdong Tungsten Mine in South Korea. The report, effective February 28, 2025, details the mine's development plans across two phases. Phase I is set to begin production in H2 2025 with a targeted ore throughput capacity of 640,000 tons per year.

The company plans a Phase II expansion that could increase throughput to 1.2 million tons. If advanced in 2026, Phase II production could start in 2027. Following this assessment, Almonty has reclassified Sangdong as its only material mineral project under NI 43-101 standards, though it maintains operations at Panasqueira Mine and the Sangdong Molybdenum Project.

Almonty Industries (OTCQX: ALMTF) has announced a 1-for-1.5 share consolidation as part of its strategy to facilitate a potential Nasdaq listing. The consolidation, which was approved by shareholders on April 30, 2025, will take effect on July 7, 2025, for TSX trading.

Following the consolidation, Almonty expects to have approximately 195,860,844 shares outstanding. The company's shares will trade under new identifiers: CUSIP 020398707 and ISIN CA0203987072. Trading of CHESS Depositary Interests (CDIs) on the Australian Securities Exchange will begin on a deferred settlement basis on July 8, 2025, with normal settlement trading commencing on July 17, 2025.

Almonty Industries (OTCQX: ALMTF), a global tungsten concentrate producer, has been added to the S&P/TSX Global Mining Index effective June 23, 2025. The index serves as a benchmark for globally traded mining companies and includes international producers and developers of precious, base, and specialty metals.

According to CEO Lewis Black, this inclusion highlights Almonty's growing prominence in the global mining sector and its role as a key tungsten supplier for U.S. defense needs and its allies. The company continues to advance its Sangdong project while focusing on creating long-term shareholder value.

Almonty Industries (ALMTF) has received formal recognition from the U.S. House Select Committee on Strategic Competition with China, highlighting its critical role in securing U.S. tungsten supply chains. The Committee acknowledged the strategic importance of Almonty's Sangdong Mine in South Korea, set to become the largest tungsten producer outside China, and the company's planned relocation to the United States. The Committee expressed interest in potential collaboration for the U.S. defense industrial base, including integration with defense contractors and National Defense Stockpile considerations. CEO Lewis Black emphasized Almonty's role in reshoring critical mineral capacity. The Sangdong Mine's processing facilities are near completion, with production expected in 2025, marking the first U.S. commercial tungsten production since 2015.

Almonty Industries (ALMTF) has appointed Alan Estevez, a prominent U.S. national security and defense logistics expert, to its Board of Directors effective May 30, 2025. Estevez brings extensive experience from his role as Under Secretary of Commerce for Industry and Security (2022-2025), where he led efforts to restrict sensitive technology access to adversaries. His background includes senior positions at the U.S. Department of Defense and advisory roles at Deloitte Consulting. The appointment strategically aligns with Almonty's recent offtake agreement with a U.S. defense contractor for tungsten oxide supply. Estevez's expertise in national security, defense logistics, and export controls is expected to strengthen Almonty's position as a key allied tungsten supplier.