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The latest update is out from Almonty Industries ( (TSE:AII) ).
Almonty Industries has received overwhelming shareholder approval for its proposed move from Canada to Delaware, USA, a strategic decision reflecting the growing importance of the U.S. in its operations. This move is expected to enhance Almonty’s competitiveness amidst global geopolitical tensions and align its corporate structure with its shareholder base, pending court and regulatory approvals.
More about Almonty Industries
Almonty Industries Inc. is primarily engaged in the mining, processing, and shipping of tungsten concentrate from its Los Santos Mine in Spain and Panasqueira mine in Portugal. The company is also developing the Sangdong tungsten mine in South Korea and the Valtreixal tin-tungsten project in Spain.
YTD Price Performance: 87.13%
Average Trading Volume: 399,777
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$527.1M
For a thorough assessment of AII stock, go to TipRanks’ Stock Analysis page.