Almonty Closes $129.4 Million Upsized Offering to Fund Mining Expansion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 10 2025
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Source: Newsfilter
- Successful Offering: Almonty Industries closed an upsized offering raising $129.4 million by selling 20.7 million common shares, reflecting strong market demand and reinforcing its leadership position in the tungsten industry.
- Clear Use of Proceeds: The funds 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, ensuring ongoing investment in critical initiatives.
- Optimized Capital Structure: CEO Lewis Black stated that the company is fully capitalized post-offering and intends to withdraw the base prospectus, indicating a focus on existing projects rather than further capital raises, which enhances investor confidence.
- Strong Market Demand: As geopolitical tensions rise, the demand for tungsten as a strategic metal continues to grow, with Almonty's Sangdong Mine expected to supply over 80% of global non-China tungsten production, providing robust support for the company's future growth.
Analyst Views on ALM
Wall Street analysts forecast ALM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ALM is 11.96 USD with a low forecast of 11.96 USD and a high forecast of 11.96 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.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 9.000
Low
11.96
Averages
11.96
High
11.96
Current: 9.000
Low
11.96
Averages
11.96
High
11.96
About ALM
Almonty Industries Inc. is a diversified and global producer of tungsten concentrate. The Company is engaged in mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. It also has a significant molybdenum resource on a separate property adjacent to the tungsten orebody at the Sangdong Mine. Its additional development projects include the Valtreixal Project in northwestern Spain and Los Santos Mine in western Spain. The Panasqueira Mine is located in Covilha, Castelo Branco, Portugal. The Sangdong Mine is located at Sangdong in the south-eastern Korean Peninsula, approximately 170 km east-southeast of Seoul, South Korea. The Valtreixal Mine is a potential open pit operation, and is located in the northwest part of the Zamora province, in the Castilla de Leon region of Spain. It also operates Woulfe, whose properties are located in Gangwon Province, Republic of Korea, and whose operations relate primarily to the development of the Sangdong Project.
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.
