Almonty Industries: A Major Shareholder Cashes Out as the Tungsten Miner Streamlines Its Exchange Listings
Published on 07/25/2026 at 07:31 | Redaktion boerse-global.de
Almonty Industries is navigating a period of significant transition, marked by the departure of a key institutional investor and the planned consolidation of its stock exchange listings. The tungsten producer is preparing to withdraw from both the Toronto Stock Exchange (TSX) and the Australian Securities Exchange (ASX) by early September, a move that has injected a degree of short-term uncertainty into the shares.
The TSX delisting is scheduled to take effect on July 31, 2026. Trading in the company's Australian CHESS Depositary Interests (CDIs) will cease on August 28, with a full removal from the ASX following on September 1. The decision appears driven by liquidity considerations: the CDIs represent just 0.80% of Almonty's outstanding shares, with average daily volume of roughly 30,058 units. By contrast, the combined daily trading volume on the Nasdaq and TSX exceeds 6.4 million shares. The company's primary listings on the Nasdaq under the ticker ALM and in Frankfurt will remain unaffected.
For CDI holders, several options are available. They can sell their holdings on the ASX before August 28, convert them into Nasdaq shares, or utilize a voluntary sale facility running from September 8 to November 6. A mandatory settlement process for any remaining positions will then operate until December 9. Separately, Almonty has issued 62,518 ordinary shares under a cleansing notice pursuant to Australian corporate law.
Adding to the mix, the Deutsche Rohstoff AG, a long-standing major shareholder, has sold five million Almonty shares at approximately US$16 each. The German resource company reported a pre-tax profit of roughly €65 million on the transaction. It retains 5.5 million Almonty shares and has used the proceeds to support a sharply raised earnings forecast: its EBITDA guidance for 2026 has been lifted from a range of €290-310 million to approximately €365 million, while revenue expectations remain unchanged at €260-280 million.
Should investors sell immediately? Or is it worth buying Almonty?
The timing of the share sale, coinciding with the delisting announcements, has amplified short-term market jitters. At the close of trading on Friday, Almonty's stock stood at C$19.91, down 1.04% on the day. That leaves the shares roughly 40.30% below their 52-week high, set in April. The market capitalization of the company is approximately €3.56 billion.
Yet the longer-term picture tells a different story. Over the past twelve months, Almonty has gained 229.64%, propelled by the growing strategic importance of tungsten for Western defense and supply-chain security initiatives. The company operates the Sangdong tungsten mine in South Korea, with additional projects in Portugal, the US, and Spain. Its first-quarter 2026 net loss of US$5.3 million represents a sharp improvement from the US$34.6 million loss recorded in the same period a year earlier.
Technically, the stock is showing signs of a cooling market. The relative strength index (RSI) stands at 42, indicating neutral to slightly bearish sentiment, while the price trades below both its 50-day and 100-day moving averages. Nonetheless, the consensus analyst price target remains at C$27.80, implying substantial upside from current levels — provided the exchange transition proceeds smoothly and operational momentum is maintained.
Almonty at a turning point? This analysis reveals what investors need to know now.
For investors holding through the ASX or CDIs, the coming weeks will require attention. Those invested via the Nasdaq or Frankfurt face no disruption. The near-term volatility, however, is likely to persist as the market digests the details of the restructuring and the implications of a major shareholder taking profits after a remarkable run.
Ad
Almonty Stock: New Analysis - 25 July
Fresh Almonty information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
