Almonty Withdraws $129.375 Million Offering Following Successful Completion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 15 2025
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Source: Newsfilter
- Offering Withdrawal: Almonty Industries voluntarily withdraws its short form base shelf prospectus dated October 31, 2025, following the successful completion of a $129.375 million public offering, indicating strong performance in capital markets.
- Market Demand Response: The successful completion of this offering enables Almonty to further solidify its leadership in the global tungsten market, particularly as demand for tungsten, a strategic metal, continues to rise amid geopolitical tensions.
- Supply Chain Security Strategy: Almonty's flagship Sangdong Mine is expected to supply over 80% of global non-China tungsten production, directly addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and Chinese export restrictions, thereby enhancing its market competitiveness.
- Global Expansion Strategy: The company's established operations in Portugal and additional projects in the U.S. and Spain demonstrate Almonty's proactive positioning to meet the rapidly rising demand from Western allies committed to supply-chain security and defense readiness.
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.
