Almonty Industries to Delist from Toronto Stock Exchange, Shift to Nasdaq After Expanding Sangdong Mine Contract

Almonty Industries announced a voluntary withdrawal of its shares from the Toronto Stock Exchange, with trading to end at the close of business on 31 July 2026. The company will continue to trade exclusively on the Nasdaq under the ticker ALM, citing the high costs of a dual listing and the fact that most daily volume already occurs on Nasdaq.

The move follows an expanded 21‑year supply agreement with Global Tungsten & Powders for the Sangdong tungsten mine in South Korea. The contract length was increased from 15 to 21 years, the committed delivery volume rose by 40 % to 4.41 million metric tonnes of concentrate, and the price was raised by 6.3 %. Almonty estimates the amendment will generate roughly $30 million of additional annual revenue, totaling about $10.29 billion over the contract term and covering roughly 90 % of Phase I production. The Sangdong mine began processing operations on 1 July, marking a key production milestone.

Almonty stresses that its focused tungsten‑ore portfolio and long‑term contracts provide a stable foundation for investors and downstream customers in the specialty‑metal market.