Almonty Faces a Defining Week as Sangdong Ramps Up and the ASX Exit Draws Near
Published on 08/09/2026 at 16:22 | Redaktion boerse-global.de
The tungsten producer Almonty Industries is heading into one of its most consequential stretches in recent memory, with first production from its flagship South Korean mine colliding head-on with the final stages of a global listing overhaul.
All eyes are on Thursday, 13 August 2026, when the company is expected to release its quarterly results. The report will offer the first hard evidence of whether the Sangdong mine's operational restart is translating into tangible revenue — or whether the ramp-up phase is weighing on the bottom line more heavily than the market anticipates. Options traders, for their part, are bracing for a post-earnings swing of roughly 8.7 percent, a figure that underscores just how much uncertainty surrounds the print.
Sangdong's Low-Grade Gambit
The Sangdong mine, located in Gangwon province, formally brought its processing facility online in July 2026. Management has deliberately chosen to feed the plant with lower-grade material during the commissioning phase — a strategy designed to fine-tune the new equipment before higher-quality ore is introduced.
To support the startup, the company has stockpiled approximately 139,700 tonnes of ore, carrying an average tungsten trioxide (WO3) grade of around 0.25 percent. According to company guidance, that inventory is sufficient for roughly 2.6 months of processing at the initial expansion phase's capacity. Beyond that window, fresh material will need to arrive without interruption to keep the operation running smoothly.
Should investors sell immediately? Or is it worth buying Almonty?
The production data emerging from Sangdong will be scrutinised closely against the upcoming quarterly numbers, given that the facility is expected to be the primary driver of anticipated revenue growth.
A Two-Exchange Future Takes Shape
While the mine ramps up, Almonty is simultaneously executing a deliberate retreat from secondary listing venues. The Australian Securities Exchange has formally approved the company's voluntary delisting application. Trading in Almonty's CDI instruments on the ASX will cease on 28 August 2026, with the delisting taking effect on 1 September 2026.
The company has cited persistently low — and declining — trading volumes in Australia relative to its Nasdaq listing as the rationale for the move. The ASX exit follows the company's departure from the Toronto Stock Exchange, which took effect on 31 July 2026. Once the Australian withdrawal is complete, Almonty's shares will trade on just two venues: the Nasdaq under the ticker "ALM" and the Frankfurt Stock Exchange.
The consolidation is intended to concentrate liquidity rather than scatter it across thinly traded markets, while also trimming administrative costs and sharpening the company's focus on US-based investors, where the bulk of trading activity now occurs.
Analyst Conviction Remains Unshaken
Despite the operational and structural turbulence, sell-side sentiment toward Almonty stays notably bullish. Nine analysts currently rate the stock an average of "Strong Buy," with a twelve-month price target of $25.02 — representing a 76.45 percent premium to the current share price.
That conviction was reinforced in July when DA Davidson lifted its price target from $25 to $33 while reaffirming its buy recommendation, following meetings with CEO Lewis Black.
Institutional investors appear to share the optimism. Fidelity (FMR LLC) has reported a 6.5 percent stake, equivalent to 18,285,503 shares, while BlackRock has disclosed a position exceeding six million shares — evidence of sustained confidence from large asset managers in the company's operational turnaround.
Almonty at a turning point? This analysis reveals what investors need to know now.
A Stock That Moves
The share price itself tells a story of extreme volatility. The stock closed Friday's session at $14.36, within a trading range of $13.07 to $14.38. Over the trailing twelve months, the shares have swung between $3.97 and $24.41 — a range that captures both the speculative enthusiasm and the operational uncertainty surrounding the company. The secondary source notes the stock has gained roughly 249 percent over that same period, though the recent close of $12.56 cited in that report predates the most recent session.
Paperwork and Pay
In a separate development, Almonty filed additional documentation with the US Securities and Exchange Commission on 7 August regarding its compensation structure. The amendments pertain to the company's stock option and restricted share unit plans, with the board having approved both adjustments on 4 August.
With the earnings report imminent, a production ramp-up in its earliest stages, and the final delisting milestone just weeks away, Almonty's shares look set to remain in motion — in both directions.
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