IntrinsicIntrinsic
OverviewFinancialsChartBusiness SummaryFilingsOwnershipValuation

Recent Updates — ALM

September 14, 2026View Source ↗

Almonty Industries Inc. entered a binding agreement with the Government of Rwanda to form Almonty Rwanda Pty Ltd, a joint venture in which the government holds a 25% equity interest and Almonty holds 75%. The government contributed the Shyorongi tungsten exploration concession, covering approximately 32 square kilometers, and a mineral processing license. Almonty Rwanda will acquire ore, pre-concentrate, and panning tailings from existing small-scale license holders for export or upgrading while planning to construct a centralized collection and processing plant. This strategic partnership aims to modernize Rwanda’s tungsten sector and strengthen Western-aligned supply chains ahead of new U.S. defense procurement rules effective January 1, 2027. Almonty Industries Inc. is a leading global producer of tungsten concentrate.

August 17, 2026View Source ↗

Almonty Industries Inc.'s Board of Directors approved a new share repurchase program authorizing the purchase of up to US$300,000,000 in common shares. The program permits buying up to 14,400,000 shares, representing approximately five percent of outstanding shares as of August 14, 2026. Purchases will occur over a 36-month period from August 24, 2026, through August 24, 2029, via open market transactions or Rule 10b-18 safe harbor provisions. The company may utilize automatic purchase plans with brokers during blackout periods to execute these buybacks. Almonty Industries Inc. is a leading global producer of tungsten concentrate and operates the Sangdong Tungsten Mine in South Korea.

August 12, 2026View Source ↗

Almonty Industries Inc. reported second quarter 2026 financial results showing revenue increased 498% year-over-year to $43.0 million and net income reached $181.8 million compared to a loss of $58.2 million in the prior year period. The company closed an oversubscribed US$800 million convertible senior notes offering on June 9, 2026, bringing its cash position to C$1.2 billion as of June 30, 2026. Subsequent to quarter end, Almonty amended its long-term offtake agreement with Global Tungsten & Powders LLC to extend the term by six years, increase contracted volumes by 40%, and improve pricing by approximately 6.3%. The company also repaid its KfW term loan in full on July 15, 2026. Almonty Industries Inc. is a global producer of tungsten concentrate operating mines in South Korea, Portugal, Spain, and the United States.

July 23, 2026View Source ↗

Almonty Industries Inc. has received formal approval from the Australian Securities Exchange (ASX) to voluntarily delist its CHESS Depositary Interests (CDIs). The company cited low and declining trading volumes on the ASX, noting that CDI holdings fell to approximately 0.80% of all issued shares as of July 14, 2026. The delisting is expected to be effective on September 1, 2026, following a suspension of CDI trading on August 28, 2026. Following the delisting, shares will continue to trade on the Nasdaq and the Frankfurt Stock Exchange. Almonty is a tungsten mining and supply company.

July 17, 2026View Source ↗

Almonty Industries Inc. announced its intention to voluntarily delist its common shares from the Toronto Stock Exchange (TSX) effective July 31, 2026. The company will continue trading on the Nasdaq Capital Market under the symbol ALM. This decision aims to reduce financial, administrative, and compliance costs, as the majority of the company's daily trading volume occurs on the Nasdaq. Almonty Industries Inc. is a tungsten concentrate producer.

July 16, 2026View Source ↗

Almonty Industries Inc. entered into an amendment to its Amended and Restated Supply Agreement on July 7, 2026. The filing serves as a report of a modification to an existing supply contract.