Almonty Industries: Major Shareholder Books €65 Million Profit as Tungsten Miner Narrows Its Exchange Footprint
Published on 07/25/2026 at 10:41 | Redaktion boerse-global.de
Almonty Industries is navigating a pivotal juncture that has seen its share price retreat sharply from April highs, even as the tungsten producer advances toward full-scale output at its flagship Sangdong mine in South Korea. The stock has been caught between two powerful currents: a strategic consolidation of its exchange listings and a significant partial exit by one of its most prominent long-term investors.
The German investment firm Deutsche Rohstoff AG has sold five million Almonty shares at approximately $16 each, generating a pre-tax profit of roughly €65 million. The sale leaves Deutsche Rohstoff with a remaining stake of 5.5 million shares. The German company pointed to the proceeds as a key factor behind its sharply upgraded 2026 EBITDA forecast, which jumped from a prior range of €290-310 million to around €365 million, while its revenue guidance of €260-280 million remained unchanged.
Market participants often read such moves by cornerstone investors in two ways: as a validation that the position has generated exceptional returns over time, but also as a potential signal that other early backers may follow suit. The timing of the sale, coinciding with Almonty’s exchange restructuring, has added to the near-term uncertainty surrounding the stock.
Dual Exchange Exits Reshape Trading Landscape
Almonty has received formal approval from the Australian Securities Exchange for a voluntary delisting, following its earlier decision to withdraw from the Toronto Stock Exchange. The TSX exit takes effect on July 31, while ASX trading will cease on September 1. The company’s Nasdaq listing and its Frankfurt exchange presence will remain in place, with management aiming to concentrate liquidity on those two venues.
Should investors sell immediately? Or is it worth buying Almonty?
The delisting strategy comes as Almonty transitions from a development-stage enterprise into an active tungsten producer. Processing operations at Sangdong commenced in early July, fed by ore stockpiles built during the first half of the year. Shortly afterward, the company expanded its long-term supply agreement with Global Tungsten & Powders, extending the contract duration and boosting expected revenues.
These operational milestones have drawn increased analyst attention and trading volume, particularly since Almonty’s inclusion in the Russell 1000 and Russell 3000 indices at the end of June. Management views the Canadian and Australian listings as increasingly redundant for the stock’s liquidity profile.
Stock Under Pressure Despite Stellar Long-Term Performance
The shares closed at C$18.81 on Friday, down 5.52% on the day, and have shed nearly 20% over the past month. The stock now trades 43.60% below its 52-week high of C$33.35, reached on April 17. The annualized 30-day volatility stands at over 81%, underscoring the stock’s extreme sensitivity to corporate developments and tungsten price movements.
The secondary article’s slightly different closing price of C$19.91 appears to reflect an earlier trading session, but the directional picture is consistent: Almonty has experienced a meaningful correction from its April peak. The relative strength index sits at 42, indicating neutral to slightly cooled sentiment, while the stock has slipped below both its 50-day and 100-day moving averages.
Yet the longer-term trajectory remains extraordinary. Over the past twelve months, Almonty shares have surged 229.64%, buoyed by tungsten’s growing strategic importance for Western defense and military supply chains. That theme has gained traction through policy initiatives in the US and UK aimed at securing critical mineral supplies.
Almonty at a turning point? This analysis reveals what investors need to know now.
Capital Structure Moves Accompany Transition
Alongside the exchange changes, Almonty has been tidying up its capital structure. The company reported that 66,667 unlisted options with an exercise price of C$1.215 and a November 2029 expiry lapsed on July 20 after conditional rights expired. Separately, Almonty issued 62,518 new common shares, accompanied by a cleansing notice under Australian securities law that permits onward sale without additional disclosure.
For shareholders holding Almonty stock through the TSX or ASX, a transition period has begun. Toronto trading ends on July 31, while Australian investors have until the end of August before the delisting becomes effective on September 1. Trading on Nasdaq and in Frankfurt continues uninterrupted throughout the process.
Some market observers maintain a price target of C$27.80 for the stock, implying substantial upside from current levels — provided the exchange transition proceeds smoothly and the operational ramp at Sangdong delivers on its promise. The TSX delisting on July 31 will serve as the next concrete test of investor confidence.
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Almonty Stock: New Analysis - 25 July
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