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Almonty Industries ( (TSE:AII) ) has issued an update.
Almonty Industries has appointed Alan Estevez, a leader in national security and defense logistics, to its Board of Directors. Estevez’s extensive experience in defense logistics and strategic trade is expected to enhance Almonty’s strategic positioning, particularly following its recent agreement to supply tungsten oxide for U.S. defense applications, thereby strengthening its role as a key supplier in the defense sector.
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 currently mines, processes, and ships tungsten concentrate from its Panasqueira mine in Portugal. It is also developing the Sangdong tungsten mine in South Korea, historically one of the largest tungsten mines, and has additional projects in Spain.
Average Trading Volume: 494,083
Technical Sentiment Signal: Buy
Current Market Cap: C$749.3M
Learn more about AII stock on TipRanks’ Stock Analysis page.