Almonty Industries Soars 10.69% on $90M Capital Raise

On July 15, 2025, Almonty Industries saw a significant pre-market rise of 10.69%, marking a notable surge in investor interest.

Almonty Industries has recently announced a significant development in its capital structure. The company has priced an underwritten public offering of 20 million common shares at $4.50 per share, raising a total of $90 million. This offering is part of a broader strategy that includes the company's listing on the Nasdaq stock exchange, which is expected to commence today under the ticker symbol 'ALM'.

The public offering was oversubscribed, indicating strong demand from investors. This successful capital raise will provide Almonty Industries with the financial resources to support its ongoing projects and strategic initiatives. The company's projects include Los Santos, Valtreixal, Almonty Korea Tungsten, Almonty Korea Moly, and Panasquiera, all of which are focused on the mining, processing, and shipment of tungsten concentrates.

This development is expected to have a positive impact on the company's future growth and operational capabilities, as it gains access to the Nasdaq market and secures substantial funding. The oversubscription of the offering reflects investor confidence in Almonty Industries' business model and future prospects.