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Almonty Industries ( (TSE:AII) ) has issued an announcement.
Almonty Industries Inc. has successfully closed an upsized underwritten offering of common shares in the United States, raising US$129,375,000. The proceeds will be used for exploration and development projects, including the Gentung Browns Lake Tungsten Project and the Panasqueira Mine, as well as for general corporate purposes. This funding positions Almonty to expand its operations without the need for further capital raises under its current base shelf prospectus. The support from investors underscores Almonty’s strong position in the tungsten market, particularly as geopolitical tensions increase the demand for this critical metal.
The most recent analyst rating on (TSE:AII) stock is a Hold with a C$10.00 price target. To see the full list of analyst forecasts on Almonty Industries stock, see the TSE:AII Stock Forecast page.
Spark’s Take on TSE:AII Stock
According to Spark, TipRanks’ AI Analyst, TSE:AII is a Neutral.
Almonty Industries’ overall stock score is primarily impacted by its weak financial performance, characterized by significant losses and high leverage. While technical indicators show some strength, valuation concerns persist due to ongoing losses. Positive corporate events, such as strategic acquisitions, provide some upside potential, but legal challenges add risk.
To see Spark’s full report on TSE:AII stock, click here.
More about Almonty Industries
Almonty Industries Inc. is a leading global producer of tungsten concentrate, a strategic metal critical to the defense and advanced technology sectors. The company operates the Sangdong Mine in South Korea, which is expected to supply over 80% of global non-China tungsten production. Almonty is strategically positioned to meet the rising demand for tungsten, especially from Western allies focused on supply-chain security and defense readiness.
Average Trading Volume: 621,728
Technical Sentiment Signal: Buy
Current Market Cap: C$2.53B
See more insights into AII stock on TipRanks’ Stock Analysis page.