Almonty Shares Rise on Nasdaq Debut Amid US Push to Secure Tungsten Supply
Source: Investing News Network
2025-07-15 12:30:00 ET
Tungsten-focused Almonty Industries (TSX:AII,ASX:AII,NASDAQ:ALM) saw its shares rise on Monday (July 14) in its first day of trading on the Nasdaq, buoyed by a US$90 million public offering .
The company's share price climbed roughly 7 percent under its new “ALM" ticker symbol, opening at US$4.50; Almonty was trading at US$4.80 by midday in New York.
Almonty, which is redomiciling from Canada to Delaware, holds a 15 year contract with a US defense contractor to supply tungsten — an essential metal used in armor plating, missiles and electronics.
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Almonty Shares Rise on Nasdaq Debut Amid US Push to Secure Tungsten Supply
Almonty Industries Inc.
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