A significant end-of-week rally has drawn market attention to Almonty Industries. The company’s shares are reclaiming key technical levels, propelled by an aggressive expansion into the United States and a fresh analyst report suggesting the stock price could double. Has the tungsten producer finally reached a major inflection point?
Solid Fundamentals and Geopolitical Positioning
The optimism surrounding Almonty is supported by robust third-quarter results. The company reported a 28% year-over-year increase in revenue, reaching 8.7 million CAD. Investors should note, however, that the stated net profit of 33.2 million CAD is primarily inflated by accounting revaluations of derivatives. The core operational takeaway is the strong revenue growth within a favorable pricing environment.
With active operations in Portugal, a flagship mine nearing completion in South Korea, and now a strategic foothold in the United States, Almonty is building a rare tri-continental production base. In an era of heightened geopolitical tensions, this diversified footprint justifies a strategic premium that the market is starting to acknowledge.
All eyes are now on South Korea. Updates concerning the commissioning of the Sangdong mine are anticipated before year-end. The successful processing of the first saleable concentrate would represent a major de-risking event for the company. If the stock can achieve a sustained breakout above the psychological barrier of 9.50 CAD in the coming week, a confirmed bullish trend reversal would be in place.
Should investors sell immediately? Or is it worth buying Almonty?
US Expansion Fuels Analyst Confidence
The shares concluded Friday’s trading session strongly, advancing over 3% to close at 9.46 CAD and decisively breaking through a technical resistance level at 9.44 CAD. This move, which also took the price above the 50-day moving average, is more than just a technical anomaly; it reflects a fundamental reassessment of the company’s value.
This reassessment was triggered by Sphene Capital, which on Wednesday aggressively raised its price target from 8.40 CAD to 13.50 CAD. The analysts cited sustainably rising tungsten prices and value accretion from new assets as key reasons. The primary catalyst for this heightened confidence, however, is a direct market entry into the US.
The full acquisition of the “Gentung Browns Lake” tungsten project in Montana places Almonty at the center of the Western industrial strategy. Given China’s overwhelming dominance in the tungsten sector, Washington is actively seeking independent sources for defense and high-tech applications, a need Almonty is positioned to fill.
Key details of the project include:
* Production Potential: The project is planned for an annual output of approximately 140,000 MTU of tungsten trioxide.
* Timeline: Initial production could commence as early as the second half of 2026.
* Synergy: This new US venture perfectly complements the ongoing ramp-up of the flagship Sangdong mine in South Korea.
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