Almonty Industries: Insider Confidence and Strategic Shifts Signal Growth Potential

A notable convergence of insider buying activity and a significant institutional revaluation is drawing investor attention to Almonty Industries. The company is capitalizing on robust tungsten prices and a pivotal transition from project development to commercial production across its key assets. This combination of factors is reshaping its market position and financial outlook.

The core narrative for Almonty revolves around the tightening global tungsten market and its advancing project pipeline. With China controlling over 80% of worldwide supply, export restrictions have created an opportunity for Western producers to fill the gap.

Current operational progress includes:
* The Sangdong mine in South Korea is on the cusp of commencing commercial production.
* Expansion activities are underway at the Panasqueira mine in Portugal.
* The Brown’s Lake project in Montana is scheduled for commissioning in 2026.

This multi-asset strategy is positioning Almonty to become the largest tungsten producer outside of China. The favorable market is underscored by a spot price exceeding $800 per metric tonne unit (MTU), against estimated company production break-even costs of approximately $300 per MTU. CEO Lewis Black has indicated that a spot price of $1,000 per MTU is a realistic near-term scenario, suggesting substantial potential margins.

CEO Demonstrates Conviction with Substantial Purchases

Aligning with this operational progress, CEO Lewis Black has significantly increased his stake in the company. He now holds 23.62 million shares, representing 8.99% of Almonty.

Confirmed data through January 19, 2026, details a series of purchases over the preceding three months:
* November 2025: Acquired shares worth $316,500.
* December 2025: Bought additional equity valued at C$412,499.25.
* January 2026: Further purchases totaling C$184,999.26.

Should investors sell immediately? Or is it worth buying Almonty?

This consistent buying pattern occurs as Almonty shifts from a developer to a producer, signaling strong insider confidence in the valuation of its tungsten assets and the impending production ramp-up.

Institutional Revaluation Highlights Portfolio Impact

The company's rising valuation is having a material effect on major stakeholders. A recent analysis by First Berlin Equity Research concerning Deutsche Rohstoff AG illustrates this impact clearly. Deutsche Rohstoff holds an 8.1% stake in Almonty.

Key findings from the analysis show:
* The post-tax value of this holding increased by €54 million to €187 million.
* This gain was driven by a 44% rise in Almonty's share price from C$8.40 to C$12.09 during the reviewed period.
* The Almonty position now constitutes roughly 52% of Deutsche Rohstoff's total enterprise value of €360 million.

This revaluation underscores the substantial weight Almonty's performance carries within institutional investment portfolios.

Share Performance and Analyst Outlook

In the near term, the stock exhibits typical daily volatility within a broader upward trend. In recent trading, Almonty Industries (AII:CA) on the Toronto Stock Exchange declined 3.14% to C$11.71. Conversely, on Tradegate in Europe, the share price advanced 2.35% to €7.41.

Cantor Fitzgerald has established a price target of US$10.00, primarily based on anticipated cash flows from the Sangdong operations. The interplay between this valuation benchmark, the CEO's pronounced insider acquisitions, and sustained high tungsten prices is expected to define Almonty's investment narrative in the coming months.