Almonty Industries stock gains after Sandvik supply deal
Published on 09/17/2026 at 14:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Almonty Industries stock (ISIN CA0203987072) ended September 15, 2026 at USD 14.03, down 4.5 percent on the session. The move followed fresh deal flow on September 14, 2026, when Almonty said it formed a binding joint venture with Rwanda and opened a new tungsten supply angle with Sandvik.
Rwanda deal adds scale
According to Financial Times, Almonty Industries Inc. announced on September 14, 2026 a binding joint venture with the Government of Rwanda, under which Rwanda gets a 25 percent stake in Almonty Rwanda in exchange for the Shyorongi tungsten exploration concession and a mineral processing license.
The same report says the partnership is set up to source and export ore, pre-concentrate and tailings from existing small-scale license holders, with an initial mobile processing unit and a later centralized plant. That is a concrete operating step, not just a presentation slide.
Q2 2026 showed leverage
In the second quarter of 2026, revenue reached USD 43.0 million and mine operating income rose to USD 26.1 million from a prior-year operating loss, according to the recent company summary quoted by it boltwise. For investors, that split matters more than the headline price move.
Market data from the same period show a sharp disconnect: Ad-hoc-News said the shares closed at USD 14.03 on September 15, 2026, while GuruFocus put the stock at USD 13.46 on September 17, 2026 and tagged it as 166.0 percent above its GF Value of USD 5.06.
Price stays elevated
The latest trading snapshot also points to valuation pressure. GuruFocus said on September 17, 2026 that ALM traded at USD 13.46, versus a GF Value of USD 5.06, and that its trailing twelve-month P/E ratio stood at 54.98x.
Almonty Industries stock facts
- Company: Almonty Industries Inc.
- ISIN: CA0203987072
- Ticker: ALM
- Trading venue: Nasdaq
- Price (as of September 15, 2026): USD 14.03
- Sector / Industry: Materials / Metals & Mining
- Index membership: Not in a major US benchmark
