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Almonty Industries Inc. reports developments tied to tungsten production, mine commissioning, critical-minerals supply chains, and capital markets activity. The company produces tungsten concentrate and has operations and projects including the Sangdong Tungsten Mine in South Korea, the Panasqueira tin and tungsten mine in Portugal, the Valtreixal tin and tungsten project in Spain, and the Gentung Browns Lake Tungsten Project in Montana.
Recurring coverage includes Sangdong operating milestones, financial results affected by tungsten APT pricing, offtake and contract activity, acquisitions and project development, exchange listings and financings, and governance changes. Almonty news also appears in broader critical-minerals coverage because tungsten is used in defense, aerospace, electronics, and advanced technology supply chains.
Almonty (Nasdaq: ALM) closed a significantly oversubscribed private offering of 2.25% convertible senior notes due 2031 to qualified institutional buyers under Rule 144A.
The offering totals US$800 million in principal, including full over-allotment, generating approximately US$772.7 million in net proceeds to strengthen its balance sheet and fund the Sangdong Mine.
Almonty (NASDAQ: ALM) held its annual general meeting of shareholders on June 9, 2026.
Shareholders set the board at seven directors, elected all seven nominees with support ranging from 63.12% to 99.77%, and reappointed Zeifmans LLP as auditor with 99.52% of votes cast in favor.
Almonty (Nasdaq: ALM) priced an oversubscribed private offering of US$700 million 2.25% convertible senior notes due 2031 to qualified institutional buyers under Rule 144A. An additional US$100 million option was granted to initial purchasers.
Net proceeds are estimated at US$675.9–772.7 million, largely for capped calls, refinancing and corporate purposes.
Almonty (Nasdaq: ALM) plans a private offering of $700 million convertible senior notes due 2031, with an option for an additional $100 million. The notes are senior unsecured, interest-bearing, and convertible into common shares, with issuer redemption and noteholder repurchase features.
Almonty plans to use proceeds for capped call transactions, refinancing existing debt and liabilities, and for working capital and general corporate purposes, including potential asset or business acquisitions. The offering targets qualified institutional buyers under Rule 144A and is subject to regulatory approvals, including TSX acceptance.
Almonty (NASDAQ: ALM) is urging shareholders to vote ahead of its annual general meeting on June 9, 2026, with a proxy deadline of 10:00 a.m. ET on June 5, 2026.
The company highlights 2025 milestones, including Sangdong mine start-up, a US$90M Nasdaq IPO, a US$129M follow-on offering, acquisition of the Gentung Browns Lake project, expanded drilling programs, and strengthened leadership and governance.
Almonty Industries (NASDAQ: ALM) is set to join the Large-Cap Russell 1000 and Broad-Market Russell 3000 indexes at the 2026 Russell US Indexes reconstitution. Inclusion, based on FTSE Russell’s market-cap rankings, is expected to be effective at market open on June 29, 2026.
According to Almonty, Russell 3000 membership, lasting half a year beginning 2026, brings automatic inclusion in the Russell 1000 and relevant growth and value style indexes, potentially increasing visibility with institutional investors.
Almonty (Nasdaq: ALM) reported Q1 2026 revenue of $25.4 million, up 221% year-over-year, driven by higher tungsten APT prices and strong Panasqueira Mine performance. Adjusted EBITDA was $6.1 million versus a loss in Q1 2025, and operating cash flow reached $9.7 million.
The company posted a net loss of $5.3 million, including $8.4 million in non-cash revaluation charges. Cash stood at $259.9 million with working capital of $169.5 million. Almonty commissioned its Sangdong mine and relocated its headquarters to Dillon, Montana.
Almonty (NASDAQ: ALM) announced CEO Lewis Black will present at the BofA Securities Global Metals, Mining & Steel Conference on May 13, 2026, in Miami and speak at the Critical Minerals Institute Summit 5 on May 14, 2026, in Toronto.
Almonty also launched a Canadian shareholder trip contest, offering two eligible long-term shareholders a fully hosted visit to its Sangdong tungsten mine in South Korea in late June to early July.
Almonty Industries (Nasdaq: ALM) appointed Jorge Beristain, CFA, as Chief Financial Officer effective June 1, 2026, with Guillaume de Lamaziere serving as Interim CFO until then. The company expects its flagship Sangdong Mine to generate revenue in 2026 as Almonty scales production across South Korea, the United States, Portugal, and Spain.
Brian Fox departed as CFO effective immediately. Management highlights Beristain’s finance, capital markets, and mining-sector experience to support Almonty’s next growth phase.
Almonty Industries (Nasdaq: ALM) relocated its corporate headquarters from Toronto to Dillon, Montana, on April 13, 2026, aligning the company with U.S. strategic priorities and stakeholders.
The move follows Almonty’s July 2025 US$90 million IPO, December 2025 US$129 million follow-on financing, acquisition of the Gentung Tungsten Project expected to restart production this year, and governance additions of former U.S. Army generals to the board.