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An announcement from Almonty Industries ( (TSE:AII) ) is now available.
Almonty Industries has announced its application to list on the Nasdaq Capital Market alongside a U.S. public offering of its common shares. The proceeds from this offering are intended to fund the development of a tungsten oxide facility and support general corporate purposes. This strategic move is aimed at strengthening Almonty’s position in the tungsten market amid rising geopolitical tensions, with expectations of robust demand and pricing for tungsten.
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, a critical material, to the U.S. and its allies, and is listed on multiple stock exchanges including the Toronto Stock Exchange, Australian Securities Exchange, and Frankfurt Stock Exchange.
Average Trading Volume: 590,249
Technical Sentiment Signal: Buy
Current Market Cap: C$1.33B
For detailed information about AII stock, go to TipRanks’ Stock Analysis page.