Almonty Industries Appoints Brian Fox as New CFO Amid Strategic U.S. Expansion

Almonty Industries ( (TSE:AII) ) has issued an update.

Almonty Industries has appointed Brian Fox as its new Chief Financial Officer, succeeding Mark Gelmon. Fox, with over 25 years of U.S.-based operational leadership, brings significant expertise in financial and operational management, which aligns with Almonty’s strategy to scale operations and integrate with U.S. capital markets. This strategic move follows Almonty’s successful $90 million public offering and Nasdaq listing, and is expected to enhance the company’s growth and transformation efforts, particularly in the context of its U.S. redomiciling strategy.

The most recent analyst rating on (TSE:AII) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Almonty Industries stock, see the TSE:AII Stock Forecast page.

More about Almonty Industries

Almonty Industries is a leading global producer of tungsten, a strategic metal crucial for the defense and advanced technology sectors. The company operates the Sangdong Mine in South Korea, one of the largest and highest-grade tungsten deposits, and has additional operations in Portugal and projects in Spain. Almonty is strategically positioned to meet the rising demand for tungsten from Western allies, especially as geopolitical tensions increase and supply chain security becomes paramount.

Average Trading Volume: 469,305

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$1.06B

Learn more about AII stock on TipRanks’ Stock Analysis page.