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Almonty Industries (NASDAQ: ALM), a global tungsten producer critical to U.S. defense and technology sectors, has appointed Brian Fox, CPA as Chief Financial Officer effective August 25, 2025. Fox brings over 25 years of U.S.-based operational leadership experience, most recently serving as CFO & COO at CBIZ Marks Paneth. He holds a Master's degree from Harvard University and succeeds Mark Gelmon, who will transition to a financial consultant role.
The appointment aligns with Almonty's U.S. redomiciling strategy following their successful US$90 million public offering and Nasdaq listing. CEO Lewis Black emphasized that Fox's institutional-grade financial leadership will be crucial as the company scales operations and aligns with U.S. capital markets.
Almonty Industries (NASDAQ:ALM) has announced the pricing of its oversubscribed US$90 million public offering concurrent with its Nasdaq listing. The company is offering 20 million common shares at US$4.50 per share, with an additional 30-day over-allotment option for 3 million shares.
Trading on Nasdaq is set to commence on July 14, 2025, under the ticker "ALM". The offering, led by Oppenheimer & Co. and Cantor as Joint Bookrunners, is expected to close around July 15, 2025. The proceeds will primarily fund the development of Almonty's tungsten oxide facility and working capital needs.
The company will maintain its listings on the TSX (AII), ASX (AiiDA), and Frankfurt Exchange, while its OTCQX trading was suspended on July 11, 2025.
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