Almonty Industries (ALM) Schedule 13G: Michael Lewis Black holds 6.9% stake

Rhea-AI Filing Summary

Almonty Industries Inc. reports a beneficial ownership filing showing 19,464,921 common shares, equal to 6.9% of the class. The filing lists 15,202,308 shares with sole voting and dispositive power and 4,262,613 shares with shared voting and dispositive power. The filing is signed by Michael Lewis Black.

Insights

Equity Ownership Analyst

Large passive stake disclosed: 19.46M shares (6.9%).

The filing records 19,464,921 common shares beneficially owned, representing 6.9% of the class. Ownership is split between 15,202,308 shares with sole voting/dispositive power and 4,262,613 shares with shared powers, indicating both direct and shared control.

Voting and disposition figures are explicit in the excerpt; cash‑flow treatment or plans for these shares are not stated in the provided excerpt.

Corporate Governance Specialist

Disclosure shows concentrated influence but below typical 10% control threshold.

The holder's 6.9% stake gives material visibility into voting power via the 15.2M sole‑power shares. The split between sole and shared powers suggests involvement with other holders or entities for some shares.

Any governance impact will depend on coordination with other holders; the filing does not state any formal group or agreement.

Key Figures

Beneficially owned shares: 19,464,921 shares Percent of class: 6.9% Sole voting power: 15,202,308 shares +3 more

6 metrics

Beneficially owned shares 19,464,921 shares Total beneficial ownership reported

Percent of class 6.9% Percent of common shares beneficially owned

Sole voting power 15,202,308 shares Shares with sole power to vote

Shared voting power 4,262,613 shares Shares with shared power to vote

Form type Schedule 13G Beneficial ownership disclosure form

Signature date 03/31/2026 Date filing was signed

Key Terms

beneficially owned, sole voting power, shared dispositive power, Schedule 13G

4 terms

beneficially owned regulatory

"Amount beneficially owned: 19,464,921"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power governance

"Sole Voting Power 15,202,308.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

shared dispositive power governance

"Shared Dispositive Power 4,262,613.00"

Schedule 13G regulatory

"form_type: SCHEDULE 13G"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/31/2026 - 06:49 PM Learn about SEC filing dates

FAQ

What did Almonty Industries (ALM) Schedule 13G filing disclose?

The filing discloses 19,464,921 common shares beneficially owned, representing 6.9% of the class. It details voting and dispositive powers split between sole and shared control but does not state any planned transactions.

Who is the reporting person in the ALM filing?

Michael Lewis Black is the reporting person. The filing lists his residence/business address at 100 King Street West, Suite 5700, Toronto, ON and is signed by him on 03/31/2026.

How many shares does the filer have sole voting power over in ALM?

The filer has sole voting power over 15,202,308 shares. The filing also lists 4,262,613 shares with shared voting power, totaling 19,464,921 beneficially owned.

What percentage of Almonty Industries does this ownership represent?

The beneficial ownership equals 6.9% of the common shares. The filing binds that percentage to the stated 19,464,921 shares and provides no additional context about total outstanding shares in the excerpt.

Does the filing indicate the filer is part of an investor group or a passive holder?

The excerpt does not state membership in an investor group or an active group. It lists separate sole and shared powers but does not include language identifying a formal group or trading intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Almonty Industries Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

020398707

(CUSIP Number)

03/24/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 020398707

1

Names of Reporting Persons

Michael Lewis Black

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 15,202,308.00
6	Shared Voting Power 4,262,613.00
7	Sole Dispositive Power 15,202,308.00
8	Shared Dispositive Power 4,262,613.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,464,921.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.9 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Almonty Industries Inc.
(b)	Address of issuer's principal executive offices: 100 King Street West, Suite 5700 Toronto, ON, M5X 1C7
Item 2.
(a)	Name of person filing: Michael Lewis Black
(b)	Address or principal business office or, if none, residence: 100 King Street West, Suite 5700 Toronto, ON, M5X 1C7
(c)	Citizenship: United States
(d)	Title of class of securities: Common Shares
(e)	CUSIP Number(s): 020398707
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 19,464,921
(b)	Percent of class: 6.9%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 15,202,308
	(ii) Shared power to vote or to direct the vote: 4,262,613
	(iii) Sole power to dispose or to direct the disposition of: 15,202,308
	(iv) Shared power to dispose or to direct the disposition of: 4,262,613
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Michael Lewis Black

Signature:	/s/ Michael Lewis Black
Name/Title:	Michael Lewis Black
Date:	03/31/2026