If you’ve been following Almonty Industries (TSX.AII), here’s why now might be the time to take a closer look at this rising tungsten player.
1. Almonty is targeting a Nasdaq listing – The MP Materials of Tungsten?
Almonty Industries is heading to the Nasdaq, marking a major milestone for one of the world’s few non-Chinese tungsten suppliers. This listing puts Almonty in the same league as MP Materials, which became a go-to name in critical minerals after going public in the U.S. Tungsten is just as essential—used in missiles, drones, semiconductors, and more—and Almonty is positioning itself as the leading Western supplier. With this listing, expect greater investor visibility, increased institutional access, and serious momentum.
2. Locked-In demand from defense buyers
As of May 2025, Almonty has secured binding offtake agreements with U.S. defense contractor Tungsten Parts Wyoming and Israel’s Metal Tech. These agreements ensure monthly tungsten oxide sales—used in defense, aerospace, and high-performance applications—at a protected floor price with no cap on upside. Shipments will begin as production ramps at the Sangdong Mine in South Korea, slated for 2027–2028. This is the kind of early-stage demand certainty that helped MP Materials take off—and Almonty’s defense positioning could prove just as strategic.
3. A strategic Western supply alternative
Today, China controls nearly 90% of the world’s tungsten production, making security of supply a top priority. Almonty is stepping up as a conflict-free alternative, with operations in Portugal, Spain, and South Korea. Demand is already outpacing supply, and as global buyers look to reduce China exposure, Almonty’s diversified Western production footprint looks increasingly attractive—just as it did for MP in the rare earths space.
4. Stock momentum and clear catalysts ahead
Momentum is building fast. Between defense-aligned contracts, a U.S. listing, and growing geopolitical demand for secure tungsten supply, Almonty is gaining speed. With its flagship Sangdong Mine nearing production and multiple global catalysts in play, this is more than a mining company—it’s a national interest asset in the making.
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