https://newsletter.mw.creamermedia.com
Construction|PROJECT
Construction|PROJECT
construction|project

Almonty targets Nasdaq listing

8th July 2025

By: Creamer Media Reporter

     

Font size: - +

Tungsten producer Almonty Industries has announced plans to list on the Nasdaq Capital Market as it kicks off a public share offering in the US, aiming to boost its funding base and expand its strategic presence in North America.

The company, which is already listed on the TSX and ASX, said on Tuesday that it had filed a registration statement with regulators in Canada and the US.

“We are pleased to announce our application to list on the Nasdaq concurrent with a US public offering, helping us to secure our position as a leading supplier of tungsten to the US and its allies,” CEO Lewis Black said. “As global geopolitical tensions continue to rise, we believe the demand and pricing outlook for tungsten could remain robust for some time.”

Almonty will use the proceeds from the offering primarily to fund the development of its planned tungsten oxide processing facility, as well as for working capital and other general purposes.

The company’s Sangdong project in South Korea, currently under construction, is expected to be one of the world’s few long-life, high-grade tungsten mines outside China. Almonty also operates the Panasqueira mine in Portugal, which continues to ship tungsten concentrate, and holds a significant molybdenum deposit adjacent to Sangdong.

While the exact size and pricing of the US offering have not yet been finalised, trading on the Nasdaq is expected to begin once pricing is complete and regulatory approvals are secured. Almonty’s shares will trade under the ticker symbol “ALM” on the Nasdaq. Upon successful listing, trading on the OTCQX market will cease.

Edited by Creamer Media Reporter

Comments

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (04/07/2025)
4th July 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.125 0.199s - 127pq - 2rq
Subscribe Now