Almonty Industries stock falls 8.96 percent as Sangdong enters sales phase
Published on 09/25/2026 at 11:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Almonty Industries stock stood at USD 12.40 on Nasdaq on September 24, 2026, down 8.96 percent from the prior close of USD 13.62. The move followed a week in which the company’s Sangdong tungsten project reached a decisive operating milestone, with final certification issued on September 17, 2026, according to Almonty Industries.
Sangdong moves into commercial sales
The certificates authorize commercial operation of the processing and crushing facilities and allow Almonty to commence sales of tungsten concentrate. The company had been running ore through the plant since June 2026, but certification enabled the material to be invoiced, shipped and delivered into South Korean and export markets.
The development changes the near-term operating profile. More than 90 percent of Phase I production is already covered by a 21-year offtake agreement, giving the ramp-up a contracted sales base rather than leaving the first output entirely exposed to spot pricing.
Q2 revenue shows the operating swing
Almonty generated CAD 43.0 million of revenue in Q2 2026, an increase of 498 percent from the prior-year quarter. Income from mining operations reached CAD 26.1 million, while adjusted EBITDA increased to CAD 17.6 million from negative CAD 4.8 million a year earlier, according to InvestorNews. The comparison matters because it shows operating earnings improving alongside the revenue expansion, rather than growth coming only from higher reported sales.
That operating improvement now meets a second test: Sangdong must convert commissioning activity into consistent shipments. The certification supplies the legal operating gate, while the contracted volume supplies commercial visibility.
Nasdaq price keeps the risk visible
Almonty’s market capitalization was USD 3,518,400,800 as of September 24, 2026. The same session’s USD 12.40 reference price was USD 1.22 below the prior close, keeping the stock reaction sharply negative even as the production milestone improved the company’s operating position.
For investors, the central tension is clear. Q2 revenue and adjusted EBITDA provide quantified evidence of a higher earnings base, while the 8.96 percent daily decline shows that the market continues to demand execution from the Sangdong ramp-up.
Almonty Industries stock facts
- Company: Almonty Industries Inc.
- Ticker: ALM
- Trading venue: Nasdaq
- Price as of September 24, 2026: USD 12.40
- Market capitalization: USD 3,518,400,800 as of September 24, 2026
- Sector / Industry: Specialty Mining and Metals
