Almonty Industries Strengthens Leadership with Key Financial Hire

Almonty CA0203981034

Almonty Industries is bolstering its executive team with a seasoned capital markets expert as the company navigates its evolution from project developer to active producer. This strategic appointment coincides with a notable, yet technically-driven, change in the shareholding structure of a major investor.

The company has named Guillaume Wiesenbach de Lamaziere as its new Chief Development Officer (CDO). He brings more than three decades of financial market experience to the role, including senior positions at Goldman Sachs and AIG. During his tenure as CEO and CFO of AIG Asset Management Europe, he oversaw assets exceeding $37 billion. A significant achievement was his management of the complex balance sheet cleanup for Banque AIG, where he successfully reduced a portfolio of so-called "toxic" assets without incurring losses for the parent company.

CEO Lewis Black described the hiring as an ideal move at this juncture. With the Sangdong tungsten mine in South Korea now operational, Almonty's focus is shifting toward capital allocation discipline and strategic corporate development. Wiesenbach de Lamaziere's mandate is to enhance decision-making frameworks to drive long-term value creation.

Explaining a Shift in Major Shareholding

In a separate development, the stake held by Deutsche Rohstoff AG has fallen below the 10% reporting threshold to approximately 7.97% of outstanding shares. For investors, it is crucial to understand that this reduction does not stem from share sales by the German resource investment firm.

The decrease is instead a result of share dilution following Almonty's recent capital raise in December 2025, which raised nearly $130 million. Deutsche Rohstoff AG continues to hold over 20 million shares, along with convertible bonds, solidifying its position as a core anchor shareholder.

Market Position and Forward Agenda

The market responded favorably to this professionalization of the leadership team, with shares closing at $9.80 on Tuesday. Following a remarkable gain of over 840% in 2025, the company's market capitalization is approaching the $2.5 billion mark. The new CDO joins as Almonty continues to build out its executive bench, having also appointed Steven L. Allen as Chief Operating Officer in December.

With a strengthened balance sheet, Almonty faces a busy 2026. Key priorities include ramping up production at the Korean tungsten operation, accelerating the associated molybdenum project there, and targeting the planned production start at the Genting Browns Lake project in Montana. The newly assembled leadership team is now tasked with demonstrating it can efficiently manage this multi-continent expansion.