Almonty Industries clears key chart hurdle, shares eye Russell index inclusion

Almonty Industries sits at a technical turning point while investors position for the upcoming inclusion in the Russell 1000 and 3000. The tungsten and molybdenum miner also secured a large convertible notes deal to fund its Sangdong project.

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 13:04.

Almonty Industries (CA0203987072) approaches a dense cluster of catalysts as its shares trade on NASDAQ under the ticker ALM and in Germany on Tradegate. The mining group combines a major convertible notes deal, index inclusion in the Russell 1000 and 3000 and a technically important price level on the German market.

Convertible notes fund Sangdong expansion

Almonty Industries recently priced a large offering of convertible notes to finance the expansion of its flagship Sangdong tungsten project in South Korea. According to a report summarizing the transaction, the company placed around 700 to 800 million US dollars of convertible securities, with demand described as exceeding supply, providing fresh capital for mine development and associated infrastructure at Sangdong.

Analyst commentary linked to the deal points to a clearer funding path for Sangdong’s targeted capacity of roughly 1.2 million tonnes of ore per year. In a related update, Oppenheimer analyst Ian Zaffino maintained an Outperform view on Almonty shares and raised the firm’s price target from 22 to 25 US dollars, signaling confidence in the value creation potential once Sangdong reaches planned output levels.

Russell index inclusion and chart focus

Beyond project financing, Almonty Industries is set for inclusion in the Russell 1000 and Russell 3000 indices from 29 June 2026, a structural step that typically triggers mandatory purchases by index-tracking funds and ETFs. This index event places the stock alongside larger US-listed peers in benchmark portfolios and can lead to a higher base of institutional ownership, according to market commentary on index mechanics.

On the German Tradegate venue, Almonty shares recently traded around 15.52 euros, down a little over 5 percent compared with the previous session, with a 52-week range between approximately 2.76 and 20.61 euros. Technical analysis from Börse Global highlights a decisive resistance zone near 17.14 euros, marking the upper boundary of a downward trend channel and a potential gateway to new yearly highs if cleared on sustained volume.

The business behind the stock

Almonty Industries generates its revenues from the production and development of specialty metals, with a focus on tungsten and increasingly molybdenum. The company operates and develops mines including the Sangdong tungsten project in South Korea, which is being expanded to become a significant supplier amid heightened concern about global tungsten and molybdenum supply security.

Where the shares trade today

Almonty Industries shares (CA0203987072) last traded on 2026-06-23 at approximately 15.52 euros on the German Tradegate venue, based on recent quote data. This implies a market capitalization in the range of 4.9 billion US dollars at a NASDAQ price of about 18.67 US dollars as of the close on 2026-06-22.

Key data on the Almonty Industries shares

• Company: Almonty Industries Inc
• ISIN: CA0203987072
• WKN: ALI1
• Ticker: ALM
• Trading venue: NASDAQ, Tradegate
• Price (as of 2026-06-23, 10:55): 15.52 EUR / 18.67 USD
• Market cap: 4.91 billion USD (as of 2026-06-22)
• Sector / industry: Materials, metals & mining, specialty metals
• Index membership: Russell 1000, Russell 3000 (from 2026-06-29)
• Next earnings date: not officially scheduled

This article is for informational purposes only and does not constitute investment advice, a buy or sell recommendation, or a solicitation to trade any security. All data are based on sources cited and considered reliable but may be subject to change.