Almonty stock rises on a 21-year Sangdong contract
Published on 08/28/2026 at 18:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Almonty Industries Inc. (CA0203987072) is trading off a stronger operating backdrop after second-quarter 2026 revenue rose to C$43.0 million from C$7.2 million a year earlier, while net profit reached C$181.8 million. The shares were last quoted at $18.24 on Nasdaq, with a reported market value of $5.175 billion as of August 27, 2026.
Sangdong gets longer
The main catalyst is a new long-term sales contract that extends Sangdong tungsten concentrate supply to 21 years from first delivery and lifts the contracted total to 4.41 million metric tons from 3.15 million. The agreement also raises the minimum committed annual volume to 210,000 tons after ramp-up and improves pricing by 6.3 percent across contracted volumes.
That matters because Sangdong is moving from development toward production, and the quarter numbers show how quickly the mix can change when output scales. Mining gross margin reached 60.7 percent in the second quarter of 2026, while operating income from the mining business was C$26.1 million versus a loss of C$0.9 million a year earlier.
Quarterly numbers reprice the story
Almonty said first-half 2026 operating activities generated C$31.6 million of cash inflow, compared with an outflow of C$14.9 million in the same period of 2025. That shift gives the market a more concrete basis for valuing the Sangdong ramp and the company’s other tungsten assets in Portugal and Spain.
Investor attention has also turned to the equity setup itself, with recent market data showing a Nasdaq close of $18.24 on August 26, 2026 and a year-to-date gain of 114.42% in one quoted snapshot. The stock still trades below its April 2026 52-week high of EUR 20.61 on the Frankfurt line, which keeps the chart from looking one-sided.
Go deeper
Contract details and second-quarter figures
What Almonty sells
Almonty is a tungsten producer with producing and development assets in South Korea, Portugal, and Spain, anchored by Sangdong and Panasqueira. Tungsten remains the core product, and the latest contract shows how central long-dated offtake is to the company's investment case.
Stock and market view
Almonty stock traded at $18.24 as of August 26, 2026, with market capitalization reported at $5.175 billion as of August 27, 2026.
Investor relations
Fact box
Company: Almonty Industries Inc.
ISIN: CA0203987072
Ticker: ALM
Exchange: Nasdaq
Price (as of August 26, 2026, 4:00 p.m. ET): $18.24 USD
Market cap: $5.175 billion (as of August 27, 2026)
Sector / Industry: Metals and mining - Tungsten
Index membership: Russell 2000
Next earnings date: November 2, 2026
