Almonty Industries stock holds high after Sangdong ramp-up and CDI suspension
Published on 08/29/2026 at 07:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Almonty Industries Inc. (CA0203987072) stock is trading at a high level after a sharp swing to profit in the second quarter of 2026 and the ongoing ramp-up of the Sangdong tungsten mine, with the Nasdaq listing most recently quoted at $18.04 as of August 28, 2026.
Second quarter 2026 delivers a profit turnaround
A detailed overview of Almonty Industries second quarter 2026 results shows that revenue for the period reached 43.0 million Canadian dollars, representing a 498 percent increase compared with the same quarter a year earlier, underlining how strongly the company has benefited from the new tungsten production and price environment. per the recent corporate news article 'Almonty Industries stock consolidates as $300 million share repurchase and Sangdong ramp-up' title='Corporate news on Almonty Industries Q2 2026 figures' href='https://www.ad-hoc-news.de/boerse/news/corporate-news/almonty-industries-stock-consolidates-as-300-million-buyback-and-sangdong/70012574' style='text-decoration: underline dotted;'>This corporate news overview highlights that this growth rate is exceptional for a specialty metals producer.
In the same second quarter of 2026, the bottom line swung from loss to profit, with net income reported at 181.8 million Canadian dollars for the period, supported by strong tungsten prices and long-term offtake agreements that secure volumes and pricing over multiple years, according to the same corporate news overview of Almonty Industries results for the quarter ended in 2026. Investors will notice the scale of this profit shift, as such a move from a loss to 181.8 million Canadian dollars of net income in one quarter directly changes leverage and capital allocation options.
A separate coverage of the same second quarter 2026 performance confirms that Almonty Industries revenue increased from 7.2 million Canadian dollars in the prior-year quarter to 43.0 million Canadian dollars in the current period, again pointing to a 498 percent year-over-year increase in sales for the quarter, per the tungsten sector article 'Großbritannien sichert sich 50 Prozent einer Wolframmine' title='Sector coverage of Almonty Industries Q2 2026 revenue' href='https://www.wallstreet-online.de/nachricht/21303940-grossbritannien-sichert-50-prozent-wolframmine-beginnt-kampf-naechsten-projekte' style='text-decoration: underline dotted;'>this sector-focused article. The reported figures show that the second quarter of 2026 is Almontys most recent interim period and that the Sangdong tungsten mine has materially changed the companys income statement.
Sangdong mine ramp-up and extended offtake contract
The operational story behind these numbers centers on the Sangdong tungsten mine in South Korea, which has now entered production and is delivering processable tungsten concentrate since early July 2026, as described in the tungsten mine coverage 'Almonty Aktie: Sangdong-Mine dreht Gewinn' title='Article on Sangdong mine production start and impact' href='https://trading-treff.de/trading/almonty-aktie-sangdong-mine-dreht-gewinn' style='text-decoration: underline dotted;'>this article on the Sangdong mine. This means that by the second quarter of 2026, the mine was contributing output into Almonty Industries revenue base, aligning with the sharp increase in sales and profit.
At the same time, one of Almonty Industries key customers in the tungsten value chain has extended its offtake agreement for tungsten concentrate from the Sangdong mine by another six years, bringing the total contract duration to 21 years as reported in the sector analysis covering the British governments interest in tungsten supply and the Sangdong mine, according to the article linked above on the Sangdong project and offtake extension. This extended agreement improves long-term visibility for sales volumes from the Sangdong mine and helps de-risk the multi-decade investment in the project.
These long-term offtake agreements are crucial for a niche commodity such as tungsten because they provide a stable revenue base and support financing structures for mine development. For Almonty Industries, locking in 21 years of concentrate deliveries from Sangdong means that the second quarter 2026 revenue and net income figures are not just a one-off spike but part of a longer-term strategy to anchor cash flow in contractual arrangements.
Listing changes and CDI suspension on the Australian market
Besides operational progress in South Korea, Almonty Industries has also made changes to its capital market presence. The company has suspended the trading of its Chess Depositary Interests on the Australian Securities Exchange, focusing future trading on the Nasdaq main listing where the stock continues to trade under the ticker ALM, as covered in the same-day coverage 'Almonty Aktie: 325 Prozent Plus in zwölf Monaten' title='Coverage of Almonty Industries CDI suspension and Nasdaq focus' href='https://www.finanztrends.de/news/almonty-aktie-325-prozent-plus-in-zwoelf-monaten/' style='text-decoration: underline dotted;'>this article on Almonty Industries listings. The suspension affects only the Australian secondary listing and does not change the Nasdaq Capital Market status.
The German exchange environment has also recorded changes linked to Almonty Industries depositary instruments. A notice in the Frankfurt market newsboard lists the deletion of AU0000157679, which corresponds to Almonty Industries CDIs, reinforcing that the company is streamlining its listings and moving away from this instrument, as documented in the official Xetra and Frankfurt notice 'Deletion of Instruments from Boerse Frankfurt - 28.08.2026' title='Frankfurt notice on deletion of Almonty Industries CDIs' href='https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/newsroom/Xetra-Frankfurt-Newsboard/XFRA-Deletion-of-Instruments-from-Boerse-Frankfurt-28.08.2026-5461400' style='text-decoration: underline dotted;'>this deletion notice. After these steps, Almonty Industries shares remain tradeable on the Nasdaq Capital Market and on the Frankfurt Stock Exchange under the respective tickers.
For investors, the suspension of the CDIs and consolidation on the Nasdaq and Frankfurt listings simplify the equity structure and may concentrate liquidity on these venues. However, it also removes one avenue of access for investors who previously traded the CDIs in Australia, which is relevant for those who prefer local-market trading and settlement infrastructure.
Share buyback program and share price context
Almonty Industries has complemented its operational and listing changes with a significant capital allocation measure. A recent corporate overview indicates that the companys board has authorized a share repurchase program sized at $300 million, signaling managements confidence in the companys valuation and long-term prospects, as discussed in the corporate news coverage of the share repurchase and profit swing, which is the same corporate news article linked earlier on Q2 2026 figures and capital measures. A buyback of this magnitude relative to the companys market capitalization can materially affect per-share metrics and reduce free float over time.
Market data snapshots compiled on August 27 and August 28, 2026 show Almonty Industries stock on the Nasdaq Capital Market trading at $18.24 at the close of August 27, 2026, with an intraday range between $18.10 and $18.86 and a 52-week range between $3.98 and $24.41, per the corporate news overview of Q2 2026 and market data mentioned earlier. These figures place the current price at the upper end of the 52-week band but still below the recent peak of $24.41, suggesting that the stock is trading in a high but not extreme segment of its recent history.
Intraday and short-term movements have been volatile amid the strong rally of 2026. On August 28, 2026, Almonty Industries shares fell 4.5 percent to $18.05, with the same 52-week range from $3.98 to $24.41, according to a valuation-focused article discussing the companys market pricing and GF Value, which reports the decline and price level on August 28, 2026, linked as the valuation article 'A Look at Almonty Industries Inc (ALM) After 4.5% Decline -- GF' title='Valuation-focused article on Almonty Industries price move and GF Value' href='https://www.gurufocus.com/news/9058884/a-look-at-almonty-industries-inc-alm-after-45-decline-gf-value-393-vs-price-1805' style='text-decoration: underline dotted;'>this valuation article. For investors, the key comparison here is the relationship between the current share price and analytical fair-value estimates.
That valuation article states that, based on the applied GF Value framework, Almonty Industries appears significantly overvalued at a current price of $18.05 compared with a GF Value of $3.93. This quantified comparison between price and valuation reference implies that the market is assigning a substantial premium to Almonty Industries shares relative to this particular valuation model, and investors who rely on such metrics may weigh whether the premium is justified by the Sangdong ramp-up, long-term offtake agreements, and buyback program.
Performance on European venues and volatility profile
Almonty Industries shares also trade in Europe, where euro-denominated quotes provide another lens on recent performance. One recent trading commentary reports that the stock was quoted at 15.94 euro, with a year-to-date gain of 101 percent and a 12-month gain of 319 percent, and a 52-week high of 20.61 euro, which means the price is 23 percent below that high, as noted in the analysis of the Sangdong mine ramp-up and share performance referenced earlier in the article on the Sangdong mine and listing structure. With an annualized volatility of 91 percent, this commentary concludes that the stock remains a high-risk security whose price path is closely tied to progress at the Sangdong mine and to the ongoing reorganization of exchange listings.
A separate review focused on momentum notes that Almonty Industries shares recently traded at 16.16 euro and have registered a 103 percent gain since the beginning of 2026 and a 325 percent increase over twelve months, again tying the performance back to Sangdong mine progress and adjustments to listings, as detailed in the article on strong 12-month performance and CDI suspension linked earlier. This quantified comparison of 12-month performance at 325 percent suggests that early investors in the Sangdong development phase have seen significant market appreciation.
The combination of triple-digit percentage gains, high volatility and a valuation framework that judges the stock significantly overvalued at the current level means that Almonty Industries shares are priced for continued operational success and sustained tungsten price strength. Any setbacks in ramp-up, contract execution or market pricing could therefore have outsized effects on the share price.
Tungsten concentrate as flagship product
At the center of Almonty Industries business model is tungsten concentrate production, with the Sangdong mine as the flagship project. The mine is located in the Gangwon province of South Korea and began delivering processable tungsten concentrate from early July 2026, according to the article on the Sangdong mine ramp-up mentioned above. This concentrate is then sold into offtake agreements with industrial customers, including the extended 21-year contract highlighted in the sector coverage focused on British tungsten supply and the Sangdong project.
Tungsten is a strategic metal used in high-performance applications such as hard-metal tools, wear-resistant components and specialized alloys. That makes the long-term supply relationship between Almonty Industries and its customers critical for industries that depend on reliable tungsten sources outside China. For investors, the key consideration is that the Sangdong mine has moved from development to production, reinforcing Almontys place in the global tungsten supply chain.
Latest price context and investor takeaway
As of the most recent completed Nasdaq trading session on August 28, 2026, market data compiled in the valuation-focused article cited above and in the corporate news overview on Q2 2026 and market data show Almonty Industries stock trading in the region of $18.04 to $18.24 with intraday ranges around these levels and a 52-week span from $3.98 to $24.41. That places the current price close to the top quarter of its 52-week range but still below the peak, and the year-to-date and 12-month percentage gains on European venues underscore how far the shares have run.
For investors, the most important current metrics are the Q2 2026 revenue of 43.0 million Canadian dollars, net income of 181.8 million Canadian dollars, and the latest Nasdaq price level around $18.04 to $18.24, alongside the GF Value estimate of $3.93. These figures together show a company benefiting strongly from a new tungsten mine and long-term contracts, with the market assigning a valuation premium that assumes continued operational and commodity market strength.
Read more
Further details on Almonty Industries investor communications and historical figures are available on the companys investor relations pages, where management outlines guidance, project timelines and strategic priorities for tungsten assets.
Tungsten concentrate from Sangdong
Almonty Industries flagship product is tungsten concentrate from the Sangdong mine in South Korea. With processing lines delivering concentrate since early July 2026, the mine transforms a decades-old asset into a modern source of strategic metal for industrial customers, backed by extended long-term offtake contracts.
Almonty Industries stock price snapshot
Almonty Industries stock on the Nasdaq Capital Market most recently traded around $18.04 to $18.24 as of August 28, 2026, within a 52-week range from $3.98 to $24.41 and with European listings showing strong year-to-date and 12-month percentage gains in euro terms, reflecting high volatility and a valuation premium tied to the Sangdong tungsten story.
Fact box
Company: Almonty Industries Inc.
ISIN: CA0203987072
Ticker: ALM
Exchange: Nasdaq Capital Market and Frankfurt Stock Exchange
Price (as of August 28, 2026, 4:00 p.m. ET): $18.24 USD
Sector / Industry: Metals and mining - specialty metals
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