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The case for tungsten is built on undeniable facts. Global demand is soaring due to rising military expenditures and technological advancement. Almonty is on track to supply 40% of the non-Chinese market by 2027, with analysts setting a US$7 price target and projecting EBITDA to soar to C$350 million by 2028.
One of the world's largest and highest-grade tungsten deposits: high recovery (85%), low cost (about $126.8 per MTU—roughly half of China's average), with the potential to supply over half of the global tungsten demand outside China. With low production costs (roughly half of China's average), it will fundamentally reshape the global supply landscape when it comes online.
Tickers: NASDAQ: ALM | TSX: AII
Website: almonty.com
Review the data behind a critical-minerals play with geopolitical relevance. Access the full story by downloading the investor presentation.
Get the full investment thesis. Download Almonty's Investor Presentation.
Almonty successfully raised US$90 million through an oversubscribed U.S. public offering and uplisted to the Nasdaq Capital Market under ticker ALM on July 14, 2025.
Proceeds from the U.S. offering are directed toward accelerating the Sangdong tungsten oxide facility. This strategic funding follows a period of strong performance, with Almonty's stock delivering a 400% year-over-year return, demonstrating significant market momentum.