Almonty Industries clears convertible deal, shares extend tungsten rally

Almonty Industries deepens its financing step after a reported 800 million US dollar convertible bond deal. The shares also trade with clear gains on Tradegate and Nasdaq-linked quote pages on Monday.

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-22, 20:31.

Almonty Industries (CA0203987072) sits at the center of Monday trading with Nasdaq and Tradegate as the clearest market anchors. A June 22 report says the company completed an 800 million US dollar convertible bond financing and set aside 83 million US dollars for anti-dilution protection.ad hoc report on the financing

Financing sets the tone

The ad hoc update on 22 June frames the deal as a large financing step for the tungsten producer. It also names Nasdaq ticker ALM and points to European trading venues such as Tradegate and Stuttgart.

Quote services currently show the German line around 16.70 euros, with Onvista listing 16.75 euros and a 2.42 percent gain in late-morning Tradegate-style trading. Boersennews lists 16.72 euros at 20:20:37 with a 2.23 percent advance.Onvista quote page

Monday's trading frame

Monday gives the stock a calendar anchor that matters for short-term readers. Almonty also has a scheduled next earnings date on 2026-08-13, which keeps the summer reporting window visible on market data pages.

For a broader sector read, analysts on TrendSpider still show a Buy bias for ALM and cite a price target move from 17 to 23 US dollars by Riley Securities analyst Nick Giles. That keeps the name in the analyst conversation alongside the financing headline.TrendSpider analyst and chart page

Wolfram at the core

Almonty’s core business is tungsten mining and development, with the Sangdong project in South Korea among the best-known assets in the portfolio. The company also references molybdenum drilling work at Sangdong in recent coverage.

Price at the close

The Almonty Industries shares (CA0203987072) trade on 2026-06-22, 20:31 on Tradegate at 16.75 euros.

Almonty Industries at a glance

• Company: Almonty Industries Inc.
• ISIN: CA0203987072
• WKN: A414Q8
• Ticker: ALM
• Trading venue: Tradegate, Nasdaq
• Price (as of 2026-06-22, 20:31): 16.75 EUR
• Market cap: 4.8 billion EUR (as of 2026-06-22)
• Sector / industry: Materials, tungsten mining
• Next earnings date: 2026-08-13

Disclaimer: This article is for information only and does not constitute investment advice.