Almonty’s Russell Lift Brings $12 Trillion in Passive Firepower as Tungsten Neighbors Spark Drilling Race
Published on 07/01/2026 at 10:21 | Redaktion boerse-global.de
Almonty Industries has crossed a threshold that fundamentally changes its shareholder base. Since June 29, the tungsten producer officially holds slots in the Russell 1000 and Russell 3000 indices, a move that forces the hands of the world’s largest asset managers. Roughly $12.2 trillion in assets under management track these benchmarks, meaning index funds and institutional allocators now have a standing order to buy the stock.
The shift is already reshaping who owns Almonty. Chief Executive Lewis Black framed the inclusion as a clear vote of confidence, noting that the market now acknowledges the company’s scale as a Western-focused tungsten supplier. The upshot is a gradual rotation away from retail holders toward longer-term institutional investors — a dynamic that typically reduces volatility and deepens liquidity.
That institutional stamp of approval comes on top of blistering price performance. Almonty shares closed Tuesday at C$23.67, delivering a 264% gain over the trailing twelve months and nearly doubling since the start of 2026. The stock has pulled back about 29% from its April high, but it still sits a comfortable 30% above its 200-day moving average. The Relative Strength Index points to neutral territory, suggesting the pause is more a consolidation than a reversal.
Should investors sell immediately? Or is it worth buying Almonty?
Management is already looking beyond the Russell entry. The company is targeting inclusion in the S&P/TSX Global Mining Index and, further down the road, a listing on the Nasdaq. A US exchange debut would open Almonty to the broadest possible pool of American capital and give the stock a liquidity boost that the Russell membership alone has started to supply.
On the operational front, the focus is shifting to the Gentung project in China. The deposit holds an estimated 6.83 million tonnes of ore grading 0.315% tungsten, and recent developments next door are adding to the narrative. Red Mountain Mining, an Australian peer, reported positive rock-chip samples from its adjacent Pioneer project and is set to begin systematic drilling in mid-July 2026. Strong results there could directly re-rate Almonty’s own geological potential.
The broader critical-minerals sector is buzzing with activity. Guardian Metal Resources recently assigned a post-tax net present value of $660.3 million to its Pilot Mountain project in Nevada. That headline number underscores the kind of valuations being applied to tungsten and other strategic assets in the current supply-chain environment. For Almonty, the combination of a Russell-driven passive mandate, a surging stock price, and a catalyst-packed drilling calendar on its doorstep creates a rare alignment of financial and geological momentum.
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