Almonty Industries Races Toward Production as It Streamlines Exchange Listings
Published on 07/26/2026 at 09:02 | Redaktion boerse-global.de
The tungsten producer Almonty Industries is navigating a period of profound structural change, juggling the ramp-up of its flagship South Korean mine with the consolidation of its stock exchange presence. The company’s shares closed at C$18.81 on Friday, shedding 5.52% in a session that saw the stock breach a key technical level.
The decline pushed Almonty below its 200-day moving average of C$19.15, a threshold that chart-watching investors treat as a long-term trend indicator. The stock now sits 43.6% below its 52-week high of C$33.35, reached in April. Over the past 30 days, the shares have dropped nearly 20%, though the year-to-date gain remains robust at roughly 55%. The 14-day relative strength index of 38.8 suggests the equity is approaching oversold territory, which could attract buyers looking for a bounce.
The recent weakness comes as Almonty executes a deliberate retreat from two of its three stock exchange listings. The company has announced a voluntary delisting from the Australian Securities Exchange, effective September 1, 2026. No formal reason was given for the move, though voluntary exits from secondary listings are common in the resources sector when trading volumes fail to justify the administrative burden. Australian shareholders must either sell their positions before that date or switch to one of the remaining trading venues.
Should investors sell immediately? Or is it worth buying Almonty?
More immediately, the company is also withdrawing from the Toronto Stock Exchange. Trading on the TSX will cease after the close on July 31. The ASX delisting was approved on July 23, with CHESS Depositary Interests ceasing to trade on August 28 ahead of the final removal on September 1. Once both exits are complete, Almonty’s shares will trade primarily on the Nasdaq Capital Market under the ticker ALM and on the Frankfurt Stock Exchange. Management expects the consolidation to reduce administrative costs and concentrate liquidity where the bulk of daily volume already flows.
While the corporate restructuring unfolds in the background, the operational story is accelerating. On July 1, Almonty officially commenced processing at the Sangdong mine in South Korea. The facility is currently working through an initial stockpile of roughly 139,700 tonnes of run-of-mine ore, gradually ramping toward the full capacity of its first development phase. The transition from explorer to producer is underpinned by a strengthened offtake agreement with Global Tungsten & Powders, expanded in mid-July. The contract now runs for 21 years, with total committed volumes rising 40%. At current prices, that represents potential revenue of approximately $490 million over the life of the agreement.
For Canadian retail holders, the immediate deadline is July 31, the last day to trade Almonty on the TSX. Those wishing to maintain their positions must arrange to transfer their holdings to Nasdaq or Frankfurt. On the chart, the C$18.00 level now looms as a critical support zone after the 200-day average gave way. A hold there could set the stage for stabilization; a break lower would intensify the technical pressure. Further updates on first concentrate production from Sangdong and progress at the Gentung project in Montana are likely to influence sentiment as the trading focus shifts increasingly toward New York.
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