Almonty Industries Clears Administrative Hurdles as It Narrows Trading Venues and Ramps Up Output
Published on 07/26/2026 at 19:02 | Redaktion boerse-global.de
The tungsten producer Almonty Industries has issued and allotted 62,518 common shares at the Australian Securities Exchange, a move disclosed in a cleansing notice filed on July 24, 2026. The timing raises eyebrows: the company is simultaneously preparing to exit that very exchange. The notice, a routine mechanism that allows the shares to be resold without additional disclosure obligations, does not specify who received the shares or the purpose behind the allotment.
The issuance lands in the middle of a broader restructuring. Almonty has already set in motion the voluntary delisting of its common shares from the Toronto Stock Exchange, with the final trading day scheduled for July 31, 2026. The company cited cost savings from duplicate listing, administrative and compliance fees as the rationale. Once the TSX delisting is complete, all North American trading liquidity will consolidate on the Nasdaq Capital Market under the ticker ALM.
The Australian exit follows a similar path. The ASX approved the removal of Almonty's CHESS Depositary Interests from its official list on July 23, 2026, with the final delisting set for September 1, 2026. The company stopped issuing new CDIs on July 24. On July 29, Almonty will send information letters to all CDI holders, offering them the choice to convert their holdings into Nasdaq-listed shares or sell through a voluntary sale facility. CDI trading on the ASX will continue until the close of business on August 28, 2026.
Against this backdrop of exchange consolidation, the company's stock has been under pressure. Shares closed the week at C$18.81 on the TSX, a 5.52% decline that pushed the price 1.78% below the 200-day moving average of C$19.15 — a technical warning for chart-focused investors. The 14-day Relative Strength Index sits at 38.8, signaling oversold conditions after a month that has seen the stock shed 19.58%. The annualized 30-day volatility stands at 81.09%.
Should investors sell immediately? Or is it worth buying Almonty?
The current price represents a steep 43.6% retreat from the 52-week high of C$33.35 reached on April 17, 2026. Resistance levels lie well above the current price, with the 50-day moving average at C$23.81 and the 100-day average at C$25.09. Despite the recent weakness, the longer-term picture remains robust: the stock has gained roughly 56% year-to-date and 211.42% over the past twelve months.
The recent share allotment at the ASX, though small in scale, follows on the heels of a much larger capital event — the placement of a US$700 million convertible bond. How the two transactions relate to each other has not been disclosed, but the combination has added to investor uncertainty in the near term.
Operationally, the company is moving forward on its most critical front. The Sangdong mine in South Korea, Almonty's flagship project, began commissioning its processing plant on July 1, 2026, transitioning from development to the active production of marketable tungsten concentrate. That milestone, combined with an expanded offtake agreement with Global Tungsten & Powders, has kept analysts constructive despite the share price weakness. Sphene Capital reaffirmed its buy recommendation on July 20, 2026, and raised its price target to C$38.90 from C$37.40, citing improved cash flow visibility from the GTP deal.
Almonty at a turning point? This analysis reveals what investors need to know now.
Western markets are actively seeking supply chains independent of dominant foreign tungsten producers, a dynamic that underpins demand for Almonty's output. By September 1, 2026, the company will have completed its exit from both the TSX and the ASX, concentrating all share trading on the Nasdaq. At the same time, the Sangdong ramp-up is expected to generate initial stable cash flows, setting up a pivotal period where structural simplification and operational delivery converge.
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Almonty Stock: New Analysis - 26 July
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