Almonty Industri Stock Price, News & Analysis

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.

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 Industries (ALMTF) reported Q1 2025 financial results with revenue increasing 1.3% to $7.91M compared to $7.82M in Q1 2024. The company's income from mining operations rose 24.1% to $0.75M, driven by increased production at Panasqueira mine and improved pricing. However, Almonty recorded a net loss of $34.6M, largely due to a non-cash loss of $25.8M from warrant liability revaluation. Key developments include securing a binding offtake agreement with a U.S. defense contractor, obtaining approval for U.S. domestication, and advancing the Sangdong Tungsten Mine in South Korea towards startup. The company ended Q1 with $16.9M in cash, up from $7.8M in December 2024, bolstered by an equity placement and warrant exercises.

Almonty Industries (ALMTF) has secured a binding offtake agreement to supply tungsten oxide exclusively for U.S. defense applications. The agreement involves a three-year commitment with automatic annual renewals, where Tungsten Parts Wyoming will purchase the material with a guaranteed hard floor price and no upside cap. Key aspects of the deal include: delivery commencement upon initial commercial production, grade-specific price adjustments, and processing through Metal Tech for U.S. defense production programs. The strategic partnership reinforces Almonty's position as a critical supplier in the U.S. defense supply chain, ensuring a steady revenue stream through guaranteed minimum pricing while supporting national security priorities.