Almonty Industries Shares Surge on Strategic Growth Roadmap

Almonty CA0203981034

Shares of tungsten producer Almonty Industries posted another significant gain on Wednesday, extending a notable upward trend that has captivated the market. Investor confidence appears bolstered by a recent shareholder letter detailing concrete operational targets for 2026.

Trading on the NASDAQ, the equity closed at $12.11, marking a single-day advance of 9.1%. Trading volume for the session was also substantially higher than average. Since the start of the year, the stock has already accumulated gains exceeding 36%.

This latest jump is part of a broader four-week rally that has seen the share price appreciate by approximately 25%. The company's market capitalization now stands at around $3.1 billion.

The longer-term performance is even more striking. According to data from Insider Monkey, the NASDAQ-listed stock soared by roughly 840% throughout the entirety of 2025—an extraordinary move for a commodity-focused company.

Operational Catalyst: The Sangdong Mine

The immediate cause for the current optimistic sentiment is a strategic update from CEO Lewis Black, dated January 20. The communication outlined a multi-year plan, with the flagship Sangdong tungsten mine in South Korea at its core. A key milestone was achieved in December 2025 when the operation transitioned from construction to production.

The first truckload of ore has already been shipped to the processing plant. Sangdong is projected to become one of the largest tungsten production sites outside of China. The company has already secured firm offtake agreements for U.S. defense applications.

A Detailed Plan for Expansion

Almonty has established several specific milestones for its growth strategy:

• Sangdong Phase II: An expansion is planned, with a targeted completion date of 2027. This could increase annual capacity to 1.2 million tonnes.
• Panasqueira Mine: A large-scale drilling program is set to finalize plans for a Level 4 expansion, aiming for annual production of up to 124,000 metric tonne units (MTU).
• Genting Browns Lake Project: This asset is scheduled to be production-ready in the second half of 2026.

With revenue of $30.07 million over the past twelve months, Almonty remains a relatively small participant in the sector. However, its ambitious expansion blueprint and strategic positioning within the tungsten supply chain are generating increasing investor attention. The coming quarters will be critical in demonstrating whether the company can successfully hit its self-imposed production targets.