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Almonty Industries Debuts on Nasdaq with $90 Million Public Offering

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Almonty Industries Debuts on Nasdaq with $90 Million Public Offering

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An update from Almonty Industries ( (TSE:AII) ) is now available.

Almonty Industries Inc. has announced its listing on the Nasdaq under the ticker ‘ALM’, alongside the pricing of a US$90 million upsized and oversubscribed public offering. The proceeds from this offering will primarily fund the development of Almonty’s Sangdong tungsten oxide facility, reinforcing its position as a key tungsten supplier for the U.S. defense sector.

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 Inc. is a leading global producer of tungsten concentrate. The company is focused on becoming a prominent supplier of tungsten, particularly for the defense needs of the U.S. and its allies.

Average Trading Volume: 413,376

Technical Sentiment Signal: Buy

Current Market Cap: C$1.51B

For an in-depth examination of AII stock, go to TipRanks’ Overview page.

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