Almonty Appoints Steven Allen as COO to Optimize Tungsten Deliveries
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 01 2025
0mins
Should l Buy AII?
Almonty announced the appointment of Steven Allen as COO to optimize tungsten deliveries at the company's Sangdong and Panasqueira Mines, as well as accelerating the development of the South Korean Sangdong Molybdenum Project and the U.S. based Gentung Browns Lake Project.
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Analyst Views on AII
Wall Street analysts forecast AII stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AII is 28.00 USD with a low forecast of 27.00 USD and a high forecast of 29.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 18.370
Low
27.00
Averages
28.00
High
29.00
Current: 18.370
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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- Monetizing Historic Stockpiles: Americore Resources is evaluating options to monetize historic surface stockpiles at its Trinity Silver Project in Nevada, potentially containing approximately 400,000 ounces of silver in oxide and 365,000 ounces in sulfide, aiming for near-term cash flow through expedited processing pathways.
- Capital Flow Shift: The global mining industry has shifted towards brownfield development, with capital now flowing primarily into existing mine infrastructure rather than speculative greenfield projects, with brownfield restarts delivering production timelines 50% to 70% faster, providing structural advantages for companies with historic stockpiles.
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- Mining Operations Launch: Almonty plans to commence active mining operations at the Sangdong Tungsten Mine in South Korea in December 2025, marking a critical milestone in the company's strategy to become a major supplier of tungsten outside China, catering to U.S. and allied needs.
- Significant Market Opportunity: With China restricting tungsten exports, prices surged over 160% in 2025, positioning Almonty uniquely to fill the supply gap and ensure future revenue visibility, particularly in defense applications.
- 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.
- Capital Market Entry: In 2025, Almonty successfully entered the U.S. capital markets, raising approximately $90 million in its initial public offering and closing a second upsized offering in December, significantly strengthening its financial foundation to support future growth.
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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
Almonty Industries Prices Upsized Offering of 18 Million Shares for $112.5 Million
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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
Almonty Industries Proposes Public Offering of 15 Million Common Shares
- Public Offering Plan: Almonty Industries has filed a preliminary prospectus for a proposed public offering of 15 million common shares in the U.S., which is expected to generate significant capital inflow to support future development initiatives.
- 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.
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Strong Performance and Investor Interest: U.S.-listed insurance IPOs have collectively raised $2.64 billion, with companies like American Integrity and Aspen Insurance performing well post-debut, indicating strong investor interest in the sector.
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See More
Global Silver Market Faces Intensifying Supply Deficit
- Supply-Demand Imbalance: The global silver market is facing its fifth consecutive year of supply deficit, with industrial consumption outpacing mine production, leading to silver prices surpassing $100 per ounce, attracting investor interest in companies capable of rapid production.
- Monetizing Historic Stockpiles: Americore Resources is evaluating options to monetize historic surface stockpiles at its Trinity Silver Project in Nevada, potentially containing approximately 400,000 ounces of silver in oxide and 365,000 ounces in sulfide, aiming for near-term cash flow through expedited processing pathways.
- Capital Flow Shift: The global mining industry has shifted towards brownfield development, with capital now flowing primarily into existing mine infrastructure rather than speculative greenfield projects, with brownfield restarts delivering production timelines 50% to 70% faster, providing structural advantages for companies with historic stockpiles.
- Strategic Land Expansion: Americore has aggressively expanded its land position over recent months, now controlling approximately 22,700 acres of prospective ground, which is expected to triple its resource base to 36 million ounces of silver equivalent, enhancing future production potential.
See More
Almonty to Commence Production at Sangdong Tungsten Mine in December 2025
- Mining Operations Launch: Almonty plans to commence active mining operations at the Sangdong Tungsten Mine in South Korea in December 2025, marking a critical milestone in the company's strategy to become a major supplier of tungsten outside China, catering to U.S. and allied needs.
- Significant Market Opportunity: With China restricting tungsten exports, prices surged over 160% in 2025, positioning Almonty uniquely to fill the supply gap and ensure future revenue visibility, particularly in defense applications.
- 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.
- Capital Market Entry: In 2025, Almonty successfully entered the U.S. capital markets, raising approximately $90 million in its initial public offering and closing a second upsized offering in December, significantly strengthening its financial foundation to support future growth.
See More
Almonty Industries Prices $112.5 Million U.S. Offering to Accelerate Multi-Asset Development
- Capital Raise: Almonty Industries announced the pricing of an upsized public offering of 18 million shares at $6.25 each, raising a total of $112.5 million, which will be allocated to advance key growth initiatives including the Gentung Browns Lake Tungsten Project in Montana, thereby accelerating the company's global expansion.
- Project Acquisition: Almonty has completed the acquisition of 100% ownership of the Gentung Browns Lake Project, marking its operational expansion into the U.S., with expected production readiness by H2 2026 targeting approximately 140,000 MTUs annually, thereby enhancing the security of the domestic supply chain for critical minerals.
- 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
Almonty Industries Prices Upsized Offering of 18 Million Shares for $112.5 Million
- Upsized Offering: Almonty Industries announced the pricing of an upsized offering of 18 million common shares at $6.25 each, raising total gross proceeds of $112.5 million, indicating strong market demand for its stock.
- 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
Almonty Industries Proposes Public Offering of 15 Million Common Shares
- Public Offering Plan: Almonty Industries has filed a preliminary prospectus for a proposed public offering of 15 million common shares in the U.S., which is expected to generate significant capital inflow to support future development initiatives.
- 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
Insurance IPOs Reach Highest Level in 20 Years on Wall Street Following Tariff-Induced Turmoil
Surge in Insurance IPOs: Insurance companies have seen a significant increase in initial public offerings (IPOs) this year, reaching a 20-year high, as investors seek stability amid economic volatility caused by trade wars and inflation.
Strong Performance and Investor Interest: U.S.-listed insurance IPOs have collectively raised $2.64 billion, with companies like American Integrity and Aspen Insurance performing well post-debut, indicating strong investor interest in the sector.
Future Outlook for Insurance IPOs: Despite concerns over pricing pressures and claims, the insurance industry is expected to continue attracting investors, with a pipeline of companies ready to go public, particularly those backed by private equity firms.
Impact of Government Shutdown: The recent U.S. government shutdown has caused delays in the IPO process, which may affect the number of listings in 2025, pushing momentum into the first half of 2026.
See More
