Almonty Industri Stock Price, News & Analysis

Almonty Industries (ALMTF) has joined the Critical Minerals Forum (CMF), a DARPA-funded trade association focused on building resilient critical minerals supply chains. As the main Western tungsten producer, Almonty will participate in this U.S. DoD-sponsored policy think tank. The CMF, in partnership with DARPA's OPEN initiative, utilizes AI-driven analytics to forecast cost, price, supply, and demand for critical minerals.

The forum enables collaboration between miners, processors, end-users, investors, and government institutions. Almonty, as a key upstream supplier of tungsten oxide to U.S. defense supply chains, will contribute to discussions as one of the only transparent, non-restricted, conflict-free Western sources of tungsten from an allied nation.

Almonty, a global tungsten concentrate producer, held its annual general and special meeting with strong shareholder participation. All seven board nominees were elected with overwhelming support, each receiving over 99% approval. Lewis Black and General Gustave F. Perna received particularly strong backing at 99.90% and 99.95% respectively.

Key meeting approvals included: reappointment of Zeifmans LLP as auditors (99.92% support), extension of 700,000 share purchase warrants to February 2026 (99.19% approval), and authorization for a potential share consolidation of up to 5:1 ratio to be implemented by April 2026 (99.28% support). The company's new omnibus equity incentive plan also passed with 99.52% favorable votes.

The voting results demonstrate strong shareholder confidence in Almonty's leadership and strategic initiatives, with all proposals receiving over 99% approval rates.

Almonty Industries (OTCQX: ALMTF) has announced its participation in the 2025 Planet MicroCap Showcase in Las Vegas on April 23-24, 2025. The company's Business Development and Financial Planning Officer, Sophie Frédérique Wind-Veeser, will deliver a presentation on Wednesday, April 23, at 5:30 p.m. Eastern Time and conduct one-on-one meetings with institutional investors.

The presentation comes at a strategic time as Almonty approaches the operational launch of its Sangdong Tungsten Mine in South Korea and progresses with its U.S. domestication efforts. As a leading global producer of tungsten concentrate, the company aims to capitalize on growing global demand for secure tungsten and molybdenum supply chains.

Almonty Industries (TSX: AII, OTCQX: ALMTF) has confirmed that its tungsten operations and product exports are not affected by the recent U.S. Executive Order on reciprocal tariffs issued on April 2, 2025. The company's tungsten products, including ore, concentrates, and oxide materials under specific HTS codes (2611.00.30, 2611.00.60, and 2825.90.30), are explicitly excluded from the new tariff measures.

The exemption reinforces Almonty's strategic position in supplying critical tungsten materials to U.S. industries, particularly in defense, aerospace, high-performance electronics, and clean energy technologies. The company maintains a long-term offtake agreement with Global Tungsten & Powders (GTP) in Pennsylvania, strengthening domestic supply chains and reducing dependence on Chinese-sourced critical minerals.

Almonty Industries (TSX: AII, OTCQX: ALMTF) has appointed General Gustave F. Perna to its Board of Directors, effective March 20, 2025. General Perna brings significant executive and military leadership experience, particularly in strategy, supply chain management, and logistics.

Perna currently serves as a Director on multiple boards including Allison Transmission, MD Helicopters, and others. His notable experience includes co-leading Operation Warp Speed (2020-2021) and serving as Commander of the U.S. Army Materiel Command (2016-2020), where he managed over 190,000 personnel.

This appointment comes as Almonty, a leading global tungsten concentrate producer, plans to transition its corporate domicile to the United States and strengthen its position as a critical tungsten supplier to American industry.

Almonty Industries (ALMTF) reported its fiscal year 2024 financial results, showing a 28% revenue increase to $28.8 million compared to $22.5 million in the previous year. The company's income from mining operations grew 81.8% to $2.0 million.

Key highlights include a net loss of $16.3 million, primarily due to non-cash foreign exchange losses and warrant liability valuations. Cash position stood at $7.8 million as of December 31, 2024, with an additional $10.3 million raised in January 2025.

The company achieved significant milestones, including:

• Obtaining 99.6% shareholder approval for U.S. domestication
• Completing final drawdown of US$75.1 million KfW IPEX-Bank project loan
• Installing processing equipment at Sangdong Tungsten Mine
• Securing partnership with American Defense International