Almonty Industries Moves Headquarters to Montana to Align with U.S. Strategy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy ALM?
Source: seekingalpha
- Headquarters Relocation: Almonty Industries announced its move from Toronto to Dillon, Montana, enhancing alignment with U.S. strategy, which contributed to a 15.3% increase in stock price.
- Market Positioning: This relocation positions the company closer to U.S. government agencies, defense contractors, and industrial partners, reinforcing its commitment to becoming a leading U.S.-aligned tungsten producer, thereby enhancing competitive strength.
- Financing Background: Almonty successfully listed on Nasdaq in July, raising $90 million in its IPO, followed by a $129 million follow-on financing in December, providing financial backing for this strategic move.
- Project Progress: The acquisition of Montana's Gentung tungsten project is expected to restart production this year, with tungsten being a high-density metal used in defense, aerospace, and industrial tools, making Almonty one of the few suppliers outside China.
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Analyst Views on ALM
Wall Street analysts forecast ALM stock price to fall
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 21.800
Low
12.00
Averages
12.00
High
12.00
Current: 21.800
Low
12.00
Averages
12.00
High
12.00
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.
Almonty Industries Moves Headquarters to Montana to Align with U.S. Strategy
- Headquarters Relocation: Almonty Industries announced its move from Toronto to Dillon, Montana, enhancing alignment with U.S. strategy, which contributed to a 15.3% increase in stock price.
- Market Positioning: This relocation positions the company closer to U.S. government agencies, defense contractors, and industrial partners, reinforcing its commitment to becoming a leading U.S.-aligned tungsten producer, thereby enhancing competitive strength.
- Financing Background: Almonty successfully listed on Nasdaq in July, raising $90 million in its IPO, followed by a $129 million follow-on financing in December, providing financial backing for this strategic move.
- Project Progress: The acquisition of Montana's Gentung tungsten project is expected to restart production this year, with tungsten being a high-density metal used in defense, aerospace, and industrial tools, making Almonty one of the few suppliers outside China.
See More
Almonty Relocates Headquarters to Dillon, Montana
- Strategic Shift: Almonty Industries has relocated its headquarters from Toronto, Canada to Dillon, Montana, reflecting the company's strategic alignment with the U.S. and its commitment to supporting secure and transparent supply chains for critical materials, enhancing ties with U.S. government and defense contractors.
- Financing Context: This move follows Almonty's successful Nasdaq listing and oversubscribed $90 million IPO in July 2025, demonstrating strong market performance and laying the groundwork for its expansion in the U.S.
- Defense Collaboration Deepening: Almonty has strengthened its alignment with U.S. defense through a strategic partnership with American Defense International and participation in the Department of Defense-sponsored Critical Minerals Forum, underscoring its commitment to critical mineral independence.
- Executive Appointments: The company has appointed several former senior U.S. Army generals to its board, bringing defense and national security expertise to support its role in securing critical mineral supply chains, further solidifying its position in the non-Chinese tungsten supply chain.
See More
Almonty Industries Price Target Raised by Analysts
- Profitability Surge: Almonty Industries Inc. (NASDAQ:ALM) has emerged as one of the most profitable stocks across sectors in 2026, showcasing its strong performance and investment appeal in the tungsten market.
- Analyst Target Upgrades: B. Riley raised Almonty's price target from $17 to $23 while maintaining a Buy rating, reflecting optimism regarding the commissioning of the Sangdong Tungsten Mine and improved APT pricing.
- Capacity Expansion: The company announced the successful completion of Phase 1 commissioning at its Sangdong Mine on March 16, with an annual processing capacity of approximately 640,000 tons of ore, which is expected to significantly enhance production capabilities and market supply.
- Market Leadership: Alliance Global noted that Almonty is the primary avenue for investors to gain exposure to tungsten prices, raising its target price to $19.25, further solidifying its leadership position in the tungsten market.
See More
Almonty Industries (ALM.US) Insider Plans to Sell $84.65 Million in Common Stock via Form 144
Stock Sale Announcement: Black intends to sell 5 million shares of its common stock on March 23.
Market Value: The total market value of the shares being sold is approximately $84.65 million.
See More
Almonty Industries Q4 Financial Results
- Adjusted EBITDA Loss: Almonty Industries reported an adjusted EBITDA loss of $6.2 million for Q4, worsening from a loss of $2 million in the same quarter last year, indicating significant challenges in cost management and operational efficiency that could undermine investor confidence.
- Weak Revenue Growth: Although Q4 revenue increased by 38.1% year-over-year to $8.7 million, it fell short of analyst expectations by $1.64 million, highlighting volatility in market demand and potential shortcomings in the company's sales strategy.
- Financial Performance Review: Historical earnings data for Almonty Industries suggests that despite revenue growth, ongoing losses may limit the company's ability to raise capital in the markets, thereby impacting its long-term strategic initiatives.
- Uncertain Market Outlook: The financial challenges and missed revenue targets faced by the company could negatively affect its future market positioning and competitiveness, prompting investors to closely monitor subsequent financial adjustments and strategic planning.
See More
Almonty Delivers First Ore to Sangdong Mine, Transitioning to Active Mining Operations
- Ore Delivery Milestone: Almonty successfully delivered its first truckload of ore to the Run-of-Mine pad at the Sangdong Mine in December 2025, marking the transition from development to active mining operations, which is expected to provide a critical tungsten supply for Western industrial and defense supply chains.
- Surge in Tungsten Prices: As of March 2026, the trailing twelve-month average price of tungsten APT increased by 534% year-over-year to US$2,250 per MTU, driving a 39% revenue increase in Q4 2025 to $8.7 million, reflecting strong market demand.
- Significant Financial Losses: The net loss for Q4 2025 reached CAD 102.3 million, a substantial increase from CAD 5.4 million in the same quarter last year, primarily due to non-cash losses from the revaluation of derivative liabilities, reflecting a significant appreciation in the company's share price.
- Strategic Executive Appointments: Almonty appointed Brigadier General (Retired) Steven L. Allen as Chief Operating Officer to optimize tungsten deliveries and accelerate the development of the Sangdong Molybdenum Project and Gentung Tungsten Project, demonstrating the company's focus on future growth.
See More
Almonty Industries Moves Headquarters to Montana to Align with U.S. Strategy
- Headquarters Relocation: Almonty Industries announced its move from Toronto to Dillon, Montana, enhancing alignment with U.S. strategy, which contributed to a 15.3% increase in stock price.
- Market Positioning: This relocation positions the company closer to U.S. government agencies, defense contractors, and industrial partners, reinforcing its commitment to becoming a leading U.S.-aligned tungsten producer, thereby enhancing competitive strength.
- Financing Background: Almonty successfully listed on Nasdaq in July, raising $90 million in its IPO, followed by a $129 million follow-on financing in December, providing financial backing for this strategic move.
- Project Progress: The acquisition of Montana's Gentung tungsten project is expected to restart production this year, with tungsten being a high-density metal used in defense, aerospace, and industrial tools, making Almonty one of the few suppliers outside China.
See More
Almonty Relocates Headquarters to Dillon, Montana
- Strategic Shift: Almonty Industries has relocated its headquarters from Toronto, Canada to Dillon, Montana, reflecting the company's strategic alignment with the U.S. and its commitment to supporting secure and transparent supply chains for critical materials, enhancing ties with U.S. government and defense contractors.
- Financing Context: This move follows Almonty's successful Nasdaq listing and oversubscribed $90 million IPO in July 2025, demonstrating strong market performance and laying the groundwork for its expansion in the U.S.
- Defense Collaboration Deepening: Almonty has strengthened its alignment with U.S. defense through a strategic partnership with American Defense International and participation in the Department of Defense-sponsored Critical Minerals Forum, underscoring its commitment to critical mineral independence.
- Executive Appointments: The company has appointed several former senior U.S. Army generals to its board, bringing defense and national security expertise to support its role in securing critical mineral supply chains, further solidifying its position in the non-Chinese tungsten supply chain.
See More
Almonty Industries Price Target Raised by Analysts
- Profitability Surge: Almonty Industries Inc. (NASDAQ:ALM) has emerged as one of the most profitable stocks across sectors in 2026, showcasing its strong performance and investment appeal in the tungsten market.
- Analyst Target Upgrades: B. Riley raised Almonty's price target from $17 to $23 while maintaining a Buy rating, reflecting optimism regarding the commissioning of the Sangdong Tungsten Mine and improved APT pricing.
- Capacity Expansion: The company announced the successful completion of Phase 1 commissioning at its Sangdong Mine on March 16, with an annual processing capacity of approximately 640,000 tons of ore, which is expected to significantly enhance production capabilities and market supply.
- Market Leadership: Alliance Global noted that Almonty is the primary avenue for investors to gain exposure to tungsten prices, raising its target price to $19.25, further solidifying its leadership position in the tungsten market.
See More
Almonty Industries (ALM.US) Insider Plans to Sell $84.65 Million in Common Stock via Form 144
Stock Sale Announcement: Black intends to sell 5 million shares of its common stock on March 23.
Market Value: The total market value of the shares being sold is approximately $84.65 million.
See More
Almonty Industries Q4 Financial Results
- Adjusted EBITDA Loss: Almonty Industries reported an adjusted EBITDA loss of $6.2 million for Q4, worsening from a loss of $2 million in the same quarter last year, indicating significant challenges in cost management and operational efficiency that could undermine investor confidence.
- Weak Revenue Growth: Although Q4 revenue increased by 38.1% year-over-year to $8.7 million, it fell short of analyst expectations by $1.64 million, highlighting volatility in market demand and potential shortcomings in the company's sales strategy.
- Financial Performance Review: Historical earnings data for Almonty Industries suggests that despite revenue growth, ongoing losses may limit the company's ability to raise capital in the markets, thereby impacting its long-term strategic initiatives.
- Uncertain Market Outlook: The financial challenges and missed revenue targets faced by the company could negatively affect its future market positioning and competitiveness, prompting investors to closely monitor subsequent financial adjustments and strategic planning.
See More
Almonty Delivers First Ore to Sangdong Mine, Transitioning to Active Mining Operations
- Ore Delivery Milestone: Almonty successfully delivered its first truckload of ore to the Run-of-Mine pad at the Sangdong Mine in December 2025, marking the transition from development to active mining operations, which is expected to provide a critical tungsten supply for Western industrial and defense supply chains.
- Surge in Tungsten Prices: As of March 2026, the trailing twelve-month average price of tungsten APT increased by 534% year-over-year to US$2,250 per MTU, driving a 39% revenue increase in Q4 2025 to $8.7 million, reflecting strong market demand.
- Significant Financial Losses: The net loss for Q4 2025 reached CAD 102.3 million, a substantial increase from CAD 5.4 million in the same quarter last year, primarily due to non-cash losses from the revaluation of derivative liabilities, reflecting a significant appreciation in the company's share price.
- Strategic Executive Appointments: Almonty appointed Brigadier General (Retired) Steven L. Allen as Chief Operating Officer to optimize tungsten deliveries and accelerate the development of the Sangdong Molybdenum Project and Gentung Tungsten Project, demonstrating the company's focus on future growth.
See More
