Almonty Industries Equity Plummets Following Share Offering
10.12.2025 - 13:26:05Almonty CA0203981034
Shares of Almonty Industries experienced a sharp decline on Tuesday, December 9, after the company successfully placed a significantly upsized equity offering. The tungsten producer issued new shares at $6.25 each, raising gross proceeds of $112.5 million. The market’s immediate response was a sell-off, driving the share price down by approximately 13.2 percent on the placement day.
The capital raised is earmarked for specific growth initiatives. A primary allocation will fund the exploration and development of the Gentung Browns Lake tungsten project located in Montana. Additionally, proceeds are designated for expanding the currently operational Panasqueira mine in Portugal and advancing the development of the Sangdong molybdenum project in South Korea. A portion of the funds will Read more...
