Almonty Industries Inc. (NASDAQ: ALM)
Key Finding: Almonty Industries is a tungsten-focused mining company experiencing rapid growth and stock appreciation driven by the ramp-up of its flagship Sangdong Mine in South Korea, with the stock closing at $14.70 on July 9, 2026, amid significant recent operational milestones and index inclusions.
Current Stock Price
As of July 9, 2026 close (latest full trading day data): $14.70 USD (down $0.25 or -1.67%)
Pre-market (July 10, 2026): Approximately $14.85 (+1.00%)
52-Week Range: $3.16 – $24.39
Market Cap: ~$4.17B – $4.62B (varies by source)
Fact: Prices are real-time snapshots from market data providers and fluctuate continuously during trading hours.
View live quote on Yahoo Finance | Nasdaq Profile
Stock Performance
| Period |
Performance |
Notes |
| 2026 YTD (through ~July) |
+69.69% |
Strong gains amid mine developments |
| 2025 Full Year |
+526.47% |
Exceptional rally from low base |
| 2024 Full Year |
+53.19% |
Continued upward trend |
| 52-Week High |
$24.39 |
Recent peak |
| 52-Week Low |
$3.16 |
Early 2026 low |
Interpretation: The stock has shown extreme volatility and multi-year outperformance, largely tied to tungsten price trends and project execution, but past performance does not guarantee future results.
Historical Data (Yahoo) | 20-Year Price History
Company Overview
- Business: Engages in the mining, processing, and shipping of tungsten concentrates; also explores tin and tungsten deposits.
- Key Projects: Sangdong Mine (South Korea – primary focus, now in processing phase), Panasqueira Mine (Portugal), Valtreixal (Spain), Gentung-Browns Lake (Montana, USA), and others.
- Headquarters: Dillon, Montana, USA
- Founded: September 28, 2009
- Employees: Approximately 341 (full-time)
- Sector/Industry: Basic Materials / Other Industrial Metals & Mining
Fact: Almonty positions itself as a leading supplier of conflict-free tungsten, critical for defense, electronics, and advanced manufacturing.
Company History
- Founded in 2009 with initial focus on acquiring and developing tungsten assets.
- Acquired and operated mines in Portugal (Panasqueira) and Spain (Los Santos, Valtreixal).
- Developed the Sangdong project in South Korea as its flagship, with recent commissioning and processing start in 2026.
- Expanded into molybdenum exploration adjacent to Sangdong.
- 2026 milestones: Added to Russell 1000 and 3000 indexes; completed large convertible notes offerings; began saleable tungsten concentrate production at Sangdong.
Official Company Website
Recent News Highlights (as of July 2026)
- Almonty commences processing operations at Sangdong Mine, transitioning to revenue-generating production.[[1]](https://finance.yahoo.com/quote/ALM/)
- Joined large-cap Russell 1000® and broad-market Russell 3000® indexes.[[1]](https://finance.yahoo.com/quote/ALM/)
- Updates on Sangdong Molybdenum drilling progress amid regional supply concerns.
- Completed oversubscribed convertible notes offerings (~$700M–$800M) to fund expansion.
- Analyst price target upgrades (e.g., to $23–$26 range from multiple firms).
Full News on Yahoo Finance
Data Limitations & Assumptions:
- Stock prices and market data are time-sensitive and based on sources crawled around July 10, 2026; actual current values may differ.
- Performance figures are approximate aggregates from multiple providers and subject to reporting variations.
- News is summarized from public releases; full context requires reviewing original sources.
- No financial advice is implied; consult professional advisors and verify all data independently.
- Company fundamentals (e.g., exact employee count, precise project reserves) may require latest SEC filings or annual reports.
Distinction: All project descriptions, founding date, and operational facts are directly sourced. Performance metrics and analyst actions are factual but market-dependent. Interpretations of "growth drivers" reflect observable correlations noted in coverage.