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Almonty Industries ( (TSE:AII) ) has provided an update.
Almonty Industries reported a slight increase in revenue and income from mining operations in the first quarter of 2025, driven by higher tungsten concentrate sales and improved pricing. However, the company faced a significant net loss due to a non-cash loss from warrant liabilities valuation. Key operational highlights include securing a binding offtake agreement with a U.S. defense contractor, obtaining shareholder approval for redomiciling to the U.S., and advancing preparations at the Sangdong Tungsten Mine. These moves are expected to enhance Almonty’s competitiveness and position in the defense and technology sectors.
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 focuses on supplying tungsten for various applications, including defense, and is actively involved in mining operations, particularly at its Panasqueira mine and the upcoming Sangdong Tungsten Mine in South Korea.
Average Trading Volume: 516,453
Technical Sentiment Signal: Buy
Current Market Cap: C$671.9M
Find detailed analytics on AII stock on TipRanks’ Stock Analysis page.