Welcome to our dedicated page for Almonty Industri news (Ticker: ALMTF), a resource for investors and traders seeking the latest updates and insights on Almonty Industri stock.
Almonty Industri (ALMTF) operates at the forefront of tungsten mining and specialty metals processing, delivering integrated solutions from extraction to global commodity markets. This dedicated news hub provides stakeholders with direct access to verified corporate developments and operational updates.
Investors and industry observers will find essential information including quarterly earnings reports, production milestones, and strategic partnership announcements. Our curated feed consolidates official press releases and market-moving updates, enabling efficient tracking of the company's progress in critical mineral supply chains.
The resource features updates across key operational areas: mine development timelines, processing technology enhancements, and global trading activities. Content is rigorously verified to ensure accuracy, providing reliable insights into the company's position within the industrial metals sector.
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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.
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF) has received overwhelming shareholder approval for its proposed continuance from Canada to Delaware, USA, with 99.96% of votes in favor. The US Domestication will be implemented through a court-approved plan of arrangement under the Canada Business Corporations Act.
The strategic move reflects the growing importance of the United States in Almonty's positioning, particularly regarding critical materials like tungsten and molybdenum. The company will seek final approval from the Ontario Superior Court of Justice on March 4, 2025. The domestication aims to align with their significant US shareholder base and enhance competitiveness amid global geopolitical tensions and policies promoting domestic sourcing of critical raw materials.
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF) has announced plans to extend the term of 700,000 outstanding share purchase warrants held by insiders Lewis Black and Dr. Thomas Gutschlag. The extension would move the expiry date from February 19, 2025, to February 19, 2026, subject to TSX and shareholder approval.
These warrants originated from a private placement conducted between December 2019 and February 2020, where the company issued 2,047,244 units comprising shares and warrants exercisable at $0.75 per share. Of the original warrants, 1,020,000 expired, 327,244 were exercised, and 700,000 remain outstanding. The company has previously received approval to extend these warrants twice, first to February 19, 2024, and then to February 19, 2025.
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF) has secured final commitments for an A$18.45 million equity placement. The placement consists of 4.53 million Canadian units and 15.41 million CDI Units, priced at C$0.82 and A$0.90 per unit respectively.
Each participant will receive one warrant per common share and one free unlisted option per CDI, exercisable at C$1.14 and A$1.25 respectively, with a three-year expiry from closing. The funds will be used for balance sheet restructuring and offer costs. Settlement is expected by February 4, 2025, subject to TSX and ASX regulatory approvals.
RM Corporate Finance Pty , serving as Lead Manager, will receive a 6% fee on funds raised through their efforts.
Almonty Industries has signed an exclusive offtake agreement with SeAH M&S, South Korea's largest molybdenum processor, for 100% of the production from its Sangdong Molybdenum Project for the entire life of mine. The project, expected to begin production by end of 2026, has a projected 60-year mine life and will produce approximately 5,600 tons of molybdenum annually at full capacity.
The agreement includes a floor price of US$19.00/Lb (before treatment charges), providing financial stability for the project. Currently, molybdenum trades at approximately US$22/Lb. SeAH, which is building a US$110 million metals facility in Texas to supply SpaceX and the U.S. aerospace sector, will use the production to strengthen South Korea's domestic supply chain and reduce dependence on Chinese imports.
The Sangdong Molybdenum Project is located approximately 150 meters from Almonty's Tungsten Project, allowing for operational synergies and cost efficiencies. The project is fully permitted for mining and environmental requirements.
