Almonty Launches New Drilling Initiative at Panasqueira Mine
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 03 2025
0mins
Source: Newsfilter
Drilling Program Announcement: Almonty Industries has initiated a large-scale drilling program at its Panasqueira Mine in Portugal to explore a new production level (Level 4) and increase annual output, with an investment of €2.5 million over 12 months.
Strategic Importance of Tungsten: The company emphasizes the growing demand for tungsten, a critical metal for defense and technology sectors, particularly in light of geopolitical tensions affecting supply chains.
Future Production Planning: The drilling campaign aims to update the resource model and guide future production planning, reinforcing Almonty's position as a leading tungsten supplier.
Caution on Forward-Looking Statements: The announcement includes forward-looking statements regarding the drilling campaign and market conditions, cautioning investors about the inherent risks and uncertainties involved.
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Analyst Views on AII
Wall Street analysts forecast AII stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 17.950
Low
27.00
Averages
28.00
High
29.00
Current: 17.950
Low
27.00
Averages
28.00
High
29.00
About AII
American Integrity Insurance Group, Inc. is an insurance group. The Company, through its subsidiary American Integrity Insurance Company of Florida, Inc. (AIICFL), provides personal residential property insurance for single-family homeowners and condominium owners, as well as coverage for vacant dwellings and investment properties. Its subsidiaries include American Integrity MGA, LLC, operates as a managing general agency to produce, underwrite, negotiate, bind and administer policies. American Integrity Claims Services, LLC, manages all non-catastrophe claims for AIICFL and, on an as-needed basis, contracts with third-party claims services providers to manage and oversee catastrophe claims. Pinnacle Analytics, LLC, operates ongoing reinsurance-related analytical and modeling work for the benefit of AIICFL. Pinnacle Insurance Consultants, LLC, acts as the agent of the record of policies that are assumed by citizens and are not already affiliated with an independent insurance agent.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Resource Development Advancements: The company is advancing a large-scale drilling program at the Sangdong Molybdenum Project to define mineral reserves and support future development, while also progressing expansion plans at the Panasqueira Mine in Portugal, expected to extend mine life and improve ore grades.
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- Strategic Positioning: This capital raise and acquisition are expected to significantly strengthen Almonty's balance sheet and enhance project execution capabilities to meet the rising global demand for tungsten and molybdenum, particularly in defense and advanced manufacturing sectors.
- Market Confidence: The strong investor demand that led to the upsizing of the offering underscores confidence in Almonty's strategic positioning as a leading non-Chinese tungsten concentrate producer, which is anticipated to lay a solid foundation for the company's future growth.
See More
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- Over-Allotment Option: The offering includes a 30-day over-allotment option for underwriters to purchase an additional 2.7 million shares, enhancing financial flexibility and market confidence.
- Clear Use of Proceeds: Almonty intends to utilize the proceeds for exploration and development at the Gentung Browns Lake Tungsten Project, expansion at the Panasqueira Mine, and exploration at the Sangdong Molybdenum Project, demonstrating a strategic focus on future growth.
- Positive Market Response: The offering is expected to close on December 10, 2025, and if successful, will provide substantial funding support, bolstering the company's competitive position in the global tungsten market.
See More
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- Additional Share Option: The company plans to grant underwriters an option to purchase an additional 2.25 million common shares, providing flexibility to adjust the offering size based on market demand.
- Clear Use of Proceeds: The net proceeds from this offering will be allocated to exploration and development at the Gentung Browns Lake Tungsten Project, expansion at the Panasqueira Mine, and exploration at the Sangdong Molybdenum Project, indicating a strategic focus on future growth.
- Market Condition Impact: The final pricing of the offering will be determined in the context of market conditions, reflecting the company's adaptability in the current economic environment and its appeal to investors.
See More
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See More
