A strategic leadership appointment and a decisive expansion into the United States are generating significant investor interest in Almonty Industries. The company is aggressively positioning itself as a critical supplier to the Western defense sector, a move the market has responded to positively. This raises the question: is this the start of a sustained upward trend?
Geopolitical Tailwinds and Analyst Confidence
The current geopolitical climate presents a highly favorable backdrop. With NATO investments projected to reach €2.2 trillion by 2035, securing a tungsten supply chain independent of China for munitions and armor-piercing weapons has become a strategic imperative. Market analysts see substantial upside potential in this context and have adjusted their price targets accordingly:
- D.A. Davidson: Price target of $12.00 USD
- Sphene Capital: Price target of $13.50 CAD
While the current valuation still reflects the execution risk associated with bringing new mines online, the gap to these analyst targets suggests considerable room for growth. CEO Lewis Black is scheduled to provide further details on the integration of US assets today at 4:00 PM CET during the International Investment Forum.
Should investors sell immediately? Or is it worth buying Almonty?
A Dual-Pronged Strategic Move
This optimistic outlook is underpinned by two concrete corporate actions. First, the company has appointed retired Brigadier General Steven L. Allen as its new Chief Operating Officer. With over 33 years of experience, including a role as Director of Logistics for US forces in Korea, the logistics expert is tasked with optimizing tungsten supply chains from South Korea and Portugal. The market welcomed this move yesterday, sending shares up 6.1% to CAD $9.51 on the TSX. On the NASDAQ, the stock closed firmly at $6.81.
Second, this leadership coup complements the recent acquisition of the Gentung Browns Lake project in Montana. The $9.75 million deal—$9 million of which was paid in stock—secures a domestic US tungsten source with a planned annual production of approximately 140,000 metric tonne units (MTU). This expansion is supported by solid financials; Almonty reported a net profit of $33.2 million for the third quarter of 2025.
From a technical perspective, yesterday’s price surge indicates a potential breakout attempt. The key factor to watch now is whether trading volume sustains its momentum in the coming sessions.
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