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Mining & Metals

Almonty Industries Set to Join Large-Cap Russell 1000 Index and Broad-Market Russell 3000 Index

Almonty Industries (AII.TO) is set to join the Large-Cap Russell 1000 Index, as well as the Broad-Market Russell 3000 Index, at the conclusion of the 2026 Russell indexes reconstitution, according to a preliminary list of additions posted by FTSE Russell on May 22, 2026, said the company on Thursday.The company's inclusion is expected to become effective when the market opens on June 29, 2026.Its membership in the Russell 3000 Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000 Index, as well as the appropriate growth and value style indexes, stated the company."We are honoured to be set to join the Russell 3000 and 1000 indices, which we believe reflects the significant operational and financial progress Almonty has made over the past year as we firmly establish ourselves as the cornerstone of the Western tungsten supply chain," said Lewis Black, Chairman, President and Chief Executive Officer of Almonty Industries. "With our flagship Sangdong Mine in South Korea now coming on line, the relocation of our corporate headquarters to the United States, and a fortress balance sheet to support continued growth, we believe inclusion in the Russell indexes will further expand our visibility within the institutional investment community and broaden our shareholder base as we execute on our long-term strategic vision."The company's shares were last seen down $0.61 at $27.52 on the Toronto Stock Exchange.Price: $27.48, Change: $-0.65, Percent Change: -2.31%

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Mining & Metals

Almonty Industries Down Relocates Headquarters to Montana, From Toronto

Almonty Industries (AII.TO) said Monday that it has relocated its corporate headquarters to Montana, United States, from Toronto, Canada.Almonty said the transfer allows the company to move closer to key stakeholders, including U.S. government agencies, defense contractors and industrial partners, as it seeks to become a leading U.S.-aligned tungsten producer.The company listed on the Nasdaq in July 2025 and has acquired the Gentling tungsten project in Montana, which is expected to restart production in 2026.The move follows Almonty's Nasdaq listing and US$90 million oversubscribed IPO in July 2025, a US$129 million follow-on financing in December 2025, and the acquisition of Montana's Gentung Tungsten Project, expected to restart production this year.Almonty has also partnered with American Defense International while participating in the Defense Department-backed Critical Minerals Forum and receiving congressional recognition for strengthening critical mineral independence.The company added that it has appointed former senior US Army generals as directors.

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Mining & Metals

Almonty Industries Establishing U.S. Corporate Headquarters

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