Almonty Shares Surge on Strategic Clarity and Operational Momentum

Almonty CA0203981034

The equity of Almonty Industries Inc. has extended a powerful rally that began in January, fueled by detailed strategic communications from management and a notable increase in trading interest, particularly on the NASDAQ. The company’s recent shareholder letter, which laid out concrete priorities for 2026, appears to have provided significant impetus for the move.

This upward price action coincides with a period of reported operational progress across multiple expansion projects. The key question for the market is whether the company can execute its ambitious plans according to the newly published schedule.

Market data reveals unusually robust activity in Almonty stock. According to Yahoo Finance, the shares posted a gain of +36.22% for the period from the start of the year through the end of January. Accompanying this price appreciation was a marked increase in trading volume, with shares changing hands at a rate well above the average. Yahoo Finance cites an average daily volume of approximately 3 million shares, a threshold that was frequently exceeded during the month.

The total number of shares outstanding is approximately 256.49 million, with the company generating revenue of US$30.07 million over the last twelve months.

Management Blueprint Details Expansion Timeline

On January 20, CEO Lewis Black issued a comprehensive letter to shareholders outlining the strategic roadmap for 2026. The communication focused on advancement timelines for core assets and specific production targets.

Key Project Milestones:

• Sangdong Tungsten Mine (South Korea): The company announced that the Sangdong mine transitioned from construction to production in December 2025. A Phase II expansion is now targeted for 2027, with the goal of achieving an annual capacity of up to 1.2 million tonnes. This could potentially enable yearly output of over 460,000 MTU (metric tonne units).

• Project Portfolio Development: Almonty is advancing several other initiatives in parallel. The Genting Browns Lake Project in Montana is aiming for production readiness in the second half of 2026. In Portugal, a large-scale drilling program at the Panasqueira Mine will define an expansion into Level 4; a potential outcome cited is an increase in annual production to 124,000 MTU. Furthermore, the Sangdong Molybdenum Project is progressing toward reserve definition.

The letter also confirmed that in 2025, Almonty assumed 100% control of the Genting Browns Lake tungsten project in Montana, marking the company's formal entry into the United States market.

Executive Appointments Strengthen Leadership Team

Supporting its growth agenda, Almonty has made strategic additions to its executive roster. An official company announcement on January 6 named Guillaume Wiesenbach de Lamaziere, CFA, as the new Chief Development Officer. This followed the December 2025 appointment of former US Army Brigadier General Steven L. Allen as Chief Operating Officer.

The Road Ahead: Execution and Geopolitical Tailwinds

The coming quarters will be a critical test of Almonty's ability to meet the stated production targets at Sangdong and adhere to the schedules for its North American and European ventures. The company's progress is set against a favorable backdrop for tungsten, a critical raw material. Geopolitical efforts to secure non-Chinese sources of supply are increasingly elevating the strategic importance of projects like Almonty's.