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Almonty Names Veteran Financier Guillaume Wiesenbach de Lamaziere Chief Development Officer as Sangdong Mine Starts Production

Story Highlights
  • Almonty appointed Guillaume Wiesenbach de Lamaziere Chief Development Officer on January 6, 2026.
  • The hire supports Almonty’s shift to production at Sangdong and expansion of its global tungsten and molybdenum projects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Almonty Names Veteran Financier Guillaume Wiesenbach de Lamaziere Chief Development Officer as Sangdong Mine Starts Production

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The latest update is out from Almonty Industries ( (TSE:AII) ).

On January 6, 2026, Almonty Industries appointed veteran financial executive Guillaume Wiesenbach de Lamaziere, CFA, as Chief Development Officer to lead its corporate development strategy as the company begins active mining operations at its Sangdong Tungsten Mine in South Korea. With over 30 years of experience in banking and asset management, including senior CEO, CFO and COO roles at AIG Asset Management Europe and Banque AIG where he oversaw large-scale asset consolidation and successful wind-down of complex derivative portfolios, Wiesenbach de Lamaziere is expected to strengthen governance and capital allocation as Almonty advances its Sangdong and Panasqueira mines and progresses its South Korean molybdenum and U.S. Gentung Browns Lake projects, underscoring the company’s transition from development to production and its ambition to solidify its role as the Western world’s dominant tungsten producer.

The most recent analyst rating on (TSE:AII) stock is a Buy with a C$12.00 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 financial challenges, including high leverage and negative profitability, which weigh heavily on the score. While technical analysis shows bullish momentum, the negative P/E ratio and lack of dividend yield limit the stock’s valuation appeal.

To see Spark’s full report on TSE:AII stock, click here.

More about Almonty Industries

Almonty Industries Inc. is a leading global, conflict-free supplier of tungsten, a strategic metal critical to defense and advanced technology sectors, with flagship operations at the Sangdong Mine in South Korea—historically one of the world’s largest and highest-grade tungsten deposits—and additional producing and development projects in Portugal, the United States and Spain. As geopolitical tensions and Western defense procurement policies increase focus on secure tungsten supply, Sangdong is expected to provide more than 80% of global non-China tungsten output at full capacity, positioning Almonty as a key supplier to Western allies focused on supply-chain security and defense readiness.

Average Trading Volume: 796,998

Technical Sentiment Signal: Buy

Current Market Cap: C$3.35B

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

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