Almonty Industries Prices Upsized Offering of 18 Million Shares for $112.5 Million
Written by Emily J. Thompson, Senior Investment Analyst
Source: Businesswire
- 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.
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: 9.030
Low
11.96
Averages
11.96
High
11.96
Current: 9.030
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.
