Almonty Industries stock gains on buyback and Sangdong
Published on 09/02/2026 at 07:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Almonty Industries (CA0203987072) stock has a fresh market story around Sangdong, dilution control, and a buyback plan. The company said in June 2026 that its convertible bond would dilute existing holders by a little over 7 percent if converted, while the board approved a buyback of up to 5 percent of shares over three years.
Sangdong sets the tone
The operating backdrop is being defined by Sangdong in South Korea. In the latest quarter cited by ad hoc news coverage of Almonty Industries, management pointed to a gross margin of a little over 60 percent for the most recent quarter, alongside the June 2026 convertible and the three-year repurchase plan. That margin detail matters because it gives the buyback more support than a pure financial engineering story.
Another report said Almonty booked a 498 percent year-over-year revenue jump in Q2 2026 to 43.0 million dollars, with mining operating income of 26.1 million dollars and net profit of 181.8 million dollars after a loss of 58.2 million dollars a year earlier. It also said the first Sangdong expansion stage is still being ramped up and is designed to process about 640,000 tons of ore a year at full capacity.
Revenue and profit swing
The same Q2 2026 report said a second expansion stage could lift capacity to 1.2 million tons a year. For investors, that makes the next production milestones more important than the simple headline of higher output, because the capex and conversion risk sit directly beside the margin profile.
The tungsten backdrop is also supportive. A market article on September 1, 2026 said tungsten prices are up 310 percent in 2026 and that Sangdong is expected to account for roughly 40 percent of Western tungsten production once it reaches full capacity.
Almonty Industries coverage and filings
Key company pages and recent coverage provide the background on Sangdong, the buyback plan, and the latest reported quarter.
What Sangdong is for
Almonty describes itself as a tungsten producer and developer with operations in Portugal and South Korea. The business model is concentrated, which means Sangdong and its ramp-up now carry more weight for revenue visibility than the broader portfolio.
In that context, the share count dynamic is relevant. A little over 7 percent dilution from the June 2026 convertible is partly offset by a buyback program of about 5 percent, and the market has been parsing that balance ever since.
Market level and venue
On September 1, 2026, the company was described as trading at 15.05 euros in Germany, 1.3 percent lower on the day, while another market note cited a Nasdaq price of 17.80 dollars and a market capitalization of 5.13 billion dollars.
Almonty Industries fact box
- Company: Almonty Industries Inc.
- ISIN: CA0203987072
- Ticker: ALM
- Trading venue: Nasdaq and German trading
- Price (as of September 1, 2026): 15.05 EUR
- Market capitalization: 5.13 billion USD (as of September 1, 2026)
- Sector / Industry: Basic Materials / Metals and Mining
- Index membership: Not part of a major headline index in the sources reviewed
