Almonty’s 21-Year Offtake Contract and TSX Exit Are Set in Stone – The Next Test Is a 200-Day Moving Average
Published on 07/18/2026 at 13:03 | Redaktion boerse-global.de
Almonty Industries has crossed a threshold that most junior miners only dream of: its Sangdong tungsten project in South Korea is now processing ore, and the company has locked in sales for the bulk of that output for two decades. A renegotiated off-take agreement with Global Tungsten & Powders runs for 21 years, covers roughly 90% of Phase-I production, and comes with a 40% increase in contracted volume and a price improvement of approximately 6.3%. The deal could generate at least $30 million in additional annual revenue, and at current spot prices, the yearly figure might climb toward $500 million.
Yet the stock tells a far more complicated story. After hitting a 52-week high of C$33.35 in April 2026, Almonty shares have shed more than 40% of their value. The latest close of C$19.66 leaves the equity trading 41.05% below that peak, and over the past 30 days the losses have approached a quarter of the stock’s value. This is a textbook “sell the news” pattern: months of anticipation surrounding the Sangdong ramp-up drove the price higher, and now that the processing line is actually running, profit-taking has overwhelmed fresh buying.
Management has added another variable to the equation with the decision to voluntarily delist from the Toronto Stock Exchange on July 31, 2026. The move is purely administrative – no shareholder vote is required – and reflects the reality that most trading volume already flows through Nasdaq. Consolidating on a single US venue should reduce compliance costs and may attract institutional investors who prefer a straightforward listing. But in the short term, the announcement has added to the selling pressure: in the seven days following the news, the stock dropped 15.91%.
Should investors sell immediately? Or is it worth buying Almonty?
Technical crossroads
The bearish momentum is visible in the chart. Almonty now trades 20.13% below its 50-day moving average of C$24.61, a clear sign that the near-term trend is lower. The 14-day relative strength index sits at 39.7, creeping toward oversold territory. A more critical level lies at the 200-day moving average of C$18.96, a line that technicians regard as a long-term support gauge. The stock is currently just 3.68% above that mark; a decisive break below it would open the door to a deeper correction, with the next support floor at the 52-week low of C$4.36.
On the flip side, the RSI’s approach to oversold conditions has historically offered contrarian entry points for patient buyers. The annualised volatility of 86.06% is a red flag for conservative retail investors, but it also reflects the sort of price swings that can reward timing. For bulls, the fundamental story remains intact: a 21-year revenue stream from a single contract provides a degree of visibility that most mining companies cannot match in their early production phase. The stock is still up 62.88% year-to-date and has gained 216.08% over the past 12 months, suggesting the long-term thesis has not been abandoned.
The July 31 deadline
The next inflection point is the delisting date. If trading volumes on Nasdaq pick up noticeably in the days that follow, the liquidity transfer will have gone as the company hopes, and the stock may find a floor. A stabilization above the 50-day average would tilt the technical bias back toward the bullish scenario. For now, the 200-day moving average acts as the line in the sand: hold it, and the current weakness can still be explained as a healthy consolidation after a meteoric run; lose it, and the chart will signal a much more cautious outlook for a company that has just turned its biggest promise into production.
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Almonty Stock: New Analysis - 18 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.
