Almonty Industries (ALM) Shares Plunge 14.26% as Legal Battle Over Misinformation Intensifies

Shares of Almonty Industries (ALM) plunged to a 14.26% intraday decline on October 15, 2025, hitting their lowest level since October 2025 amid a legal battle with Pure Tungsten Inc. over alleged misinformation. The sharp drop underscores investor concerns over the company’s ongoing dispute, which centers on false claims about its management and asset quality.

The legal action, filed in the Ontario Superior Court of Justice, targets Pure Tungsten’s alleged dissemination of misleading statements regarding Mr. Tiger Kim’s role at Almonty. The company asserts that Kim, who served as a consultant until 2015, has never held an executive or director position. Almonty seeks injunctions to halt further misinformation and corrective disclosures to rectify the record, emphasizing its commitment to market integrity and transparency in the critical minerals sector.

The dispute occurs as Almonty strengthens its strategic position in the global tungsten market. Its flagship Sangdong Mine in South Korea is projected to supply over 80% of non-China tungsten production, aligning with global efforts to diversify supply chains away from China’s dominant role. The mine’s potential to meet rising demand for defense and advanced technology applications positions Almonty at the intersection of geopolitical and economic priorities.

Investor confidence remains a focal point as the legal battle unfolds. Almonty’s CEO has highlighted Pure Tungsten’s “campaign of misinformation” as a threat to market stability and shareholder value. By pursuing legal remedies, the company aims to reinforce its reputation as a transparent operator in a sector vulnerable to reputational risks. However, the prolonged litigation could exacerbate short-term volatility, testing investor patience in an already uncertain market.

The outcome of the case may influence broader sector dynamics. A successful injunction could set a precedent for deterring misinformation in capital markets, while a ruling against Almonty might embolden competitors to adopt aggressive but ethically questionable tactics. For now, Almonty’s proactive stance reflects its dual focus on protecting corporate integrity and securing its role in a critical supply chain, though the path forward remains fraught with legal and market uncertainties.