Almonty Industries Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- M. Lewis Black
- Full Time Employees
- 403
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 100 King Street West Toronto ON Canada M5X 1C7
- IPO Date
- Jun 17, 2013
- CIK
- 0001670061
- Website
- almonty.com
- Similar Companies
- Business
- Almonty Industries Inc. (Ticker: ALMTF) is a global mining company focused on the production of tungsten concentrates and related minerals. The company operates through mining, processing, and exploration activities centered on tungsten ore extraction and beneficiation; it offers tungsten concentrates, including medium- and high-grade products derived from its primary mines; and provides related services such as mine development, ore processing, and mineral trading. Almonty serves industrial markets including tooling, aerospace, automotive, and electronics sectors that require high-performance tungsten-based materials. Founded in 2003 and headquartered in Toronto, Canada, Almonty Industries maintains operations across multiple countries, including Canada, Spain, Portugal, and South Korea, with key assets in the Sangdong Tungsten-Molybdenum Mine in South Korea, the Los Santos Mine in Spain, and the Panasqueira Mine in Portugal. The company targets global tungsten consumers, leveraging its position as one of the largest tungsten producers outside China to supply strategic metals essential for advanced manufacturing and defense applications. It operates as a publicly traded entity on the TSX Venture Exchange under AII and OTCQX under ALMTF, with no major parent company affiliations. In recent developments within the last 1-2 years, Almonty has advanced the Sangdong project toward full production, achieving key permitting milestones and construction progress in 2024-2025, positioning it as the world's largest tungsten mine outside China upon commissioning. The company secured strategic debt financing and offtake agreements in 2024 to fund Sangdong's development, including partnerships with financial institutions and tungsten consumers for long-term supply commitments. Additionally, Almonty expanded operations at existing mines like Panasqueira, implementing efficiency upgrades and exploring restart options at Los Santos amid rising tungsten demand.
Diamond Equity Research Releases Update Note on Almonty Industries, Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF)
Almonty Industries (OTCMKTS:ALMTF) Stock Price Passes Below 50-Day Moving Average – What’s Next?
Almonty Industries (OTCMKTS:ALMTF) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?
Promising Shipping Stocks To Research – October 28th
Almonty Commences Legal Proceedings Against Pure Tungsten Inc. Resulting from False and Misleading Statements
Almonty Announces Results of Special Meeting of Shareholders
Almonty Surges 13% on South Korea molybdenum drilling push
Almonty Industries Commences Large-Scale Drilling Program at Sangdong Molybdenum Project
Almonty Industries Reports Second Quarter 2025 Financial Results
Almonty Appoints Respected U.S.-Based Financial Executive Brian Fox as Chief Financial Officer
Almonty Announces Nasdaq Listing Concurrent with Pricing of US$90 Million Upsized, Oversubscribed Public Offering
Almonty Announces Application to List on Nasdaq Capital Market Concurrent with Launch of U.S. Public Offering
Almonty Announces Filing of Updated NI 43-101 Technical Report for the Sangdong Mine and the Re-classification of its Material Mineral Properties
Almonty Industries Announces 1-for-1.5 Share Consolidation in Anticipation of Potential Nasdaq Listing
Almonty Industries Joins S&P/TSX Global Mining Index
Almonty Receives U.S. Congressional Recognition for Strategic Role in U.S. Critical Minerals Supply Chain
Almonty Industries Appoints U.S. National Security and Defense Logistics Leader Alan Estevez to the Board of Directors
Almonty Joins DARPA Funded Critical Minerals Forum
Almonty Industries Reports First Quarter 2025 Financial Results
Almonty Enters into Binding Offtake Agreement to Supply Tungsten Oxide Solely for U.S. Defense Applications