Almonty Industri Stock Price, News & Analysis

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.

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

Almonty Industries (ALMTF) has announced a strategic partnership with American Defense International (ADI), a Washington D.C.-based government relations firm. This collaboration aims to strengthen Almonty's position as a leading allied supplier of tungsten to U.S. defense and technology industries.

The partnership coincides with Almonty's ongoing redomiciling to the United States and will enhance the company's engagement in the U.S. market. ADI, established in 1995, brings expertise through its team of former senior government officials, military officers, and congressional aides. The firm represents over 100 organizations across 11 countries, including SpaceX, and will help position Almonty within the growing demand for secure and sustainable tungsten and molybdenum supply chains.

Almonty Industries (OTCQX: ALMTF) has announced its participation in the upcoming Sidoti Small Cap Conference, scheduled for March 19-20, 2025. The company's management team will engage with institutional investors through various activities:

• Business Development Officer Sophie Frédérique Wind-Veeser will conduct one-on-one meetings with investors
• CEO Lewis Black will deliver a 30-minute virtual presentation on March 20, 2025, at 12:15 p.m. Eastern Time

The conference participation aligns with Almonty's investor engagement strategy and comes at a important time as the company advances its U.S. domestication efforts and nears completion of the Sangdong Project in South Korea. As a leading global producer of tungsten concentrate, Almonty aims to capitalize on increasing global demand for secure tungsten and molybdenum supply chains.