Almonty Industries Gains U.S. Congressional Recognition for Strategic Role in Critical Minerals Supply

Almonty Industries ( (TSE:AII) ) has shared an announcement.

Almonty Industries has received U.S. Congressional recognition for its strategic role in the critical minerals supply chain, particularly due to its Sangdong Mine in South Korea, which is poised to become the largest tungsten producer outside China. The company’s planned redomiciling to the U.S. will make it the only U.S.-based producer of tungsten concentrates at a commercial scale, enhancing the U.S. supply chain resilience for critical minerals used in defense applications. This move aligns with U.S. national security priorities and positions Almonty as a key partner in reshoring critical mineral capacity.

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 global producer of tungsten concentrate, operating in conflict-free regions. The company is involved in mining, processing, and shipping tungsten from its Panasqueira mine in Portugal and is developing the Sangdong tungsten mine in South Korea. Almonty is also working on additional projects in Spain, including the Valtreixal tin/tungsten project and Los Santos Mine.

Average Trading Volume: 536,869

Technical Sentiment Signal: Buy

Current Market Cap: C$896.3M

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