Almonty Industries: Major Shareholder Confirms Position as Operational Milestone Nears

Almonty CA0203981034

Almonty Industries Inc. finds itself in a favorable position as two significant developments converge. The company's major shareholder has clarified its stake following a recent financing round, while independent analysis highlights the stock's market-beating performance. These events unfold against the backdrop of a pivotal operational transition at its flagship asset.

Recent market analysis has identified Almonty as one of the top-performing equities on the Toronto Stock Exchange (TSX) for the final quarter of 2025. Its shares significantly outpaced the broader S&P/TSX Composite Index during this period.

Following this strong performance, the share price is now consolidating within a narrow band between CAD $12.00 and $12.10. This stability reflects the market's digestion of prior gains and the capital secured in a December 2025 financing. With a market capitalization of approximately CAD $2.7 billion, the company is increasingly viewed as a substantive player in the strategic metals sector, moving beyond its junior mining roots.

Concurrently, Deutsche Rohstoff AG, a key institutional investor, has filed an early warning report to update its holding. The report confirms that despite the December capital raise, Deutsche Rohstoff maintains its position of roughly 20.44 million Almonty shares. The issuance of new shares has, however, reduced its proportional ownership on a non-diluted basis from 8.67% to 7.97%. This filing underscores the shareholder's continued commitment despite the technical dilution.

Sangdong Mine: The Core Catalyst

The primary driver for both the financing and the positive market sentiment is the advanced stage of the Sangdong tungsten mine in South Korea. Proceeds from the December funding are earmarked specifically for the final push into full-scale commercial production.

A critical operational milestone was achieved in mid-December when the first truckload of ore was delivered to the Run-of-Mine (ROM) pad. This event marks the project's official departure from the pure development phase and its entry into active mining operations. Current investor expectations, as reflected in the share price, are for steady cash flows to commence in 2026 as tungsten concentrate production ramps up.

Key Summary Points

• Major Shareholder: Deutsche Rohstoff AG reports a 7.97% stake (previously 8.67%), while maintaining an unchanged holding of approximately 20.44 million shares.
• Market Performance: Current analysis ranks Almonty among the top TSX performers for Q4 2025.
• Trading Level: Shares are trading steadily around the CAD $12 mark following a substantial upward move.
• Operations: The Sangdong mine is transitioning to commercial production, a phase supported by the December financing.

The Path Ahead: Execution is Key

With financing secured and major shareholder support confirmed, the focus for Almonty now shifts decisively to execution. The coming months will center on optimizing the processing plant and successfully managing the production ramp-up phase. The market anticipates that the Sangdong mine has the potential to account for a meaningful portion of non-Chinese global tungsten supply—a prospect that forms a fundamental pillar of the company's current valuation.