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Almonty Industries' Chess Depositary Interests to Be Suspended at Market Close Friday

Almonty Industries (ASX:AII) said its Chess depositary interests will be suspended at the close of trading on Friday ahead of its delisting from the Australian Securities Exchange, according to a same-day filing with the bourse.The company will be removed from the ASX official list at the close of trading on Sept. 1, and its common shares will continue to trade on the Nasdaq and the Frankfurt Stock Exchange.

Almonty Industries Approves $300 Million Share Buyback Program; Shares Up 5%

Almonty Industries (ASX:AII) approved a three-year share buyback program authorizing the repurchase of up to 14.4 million common shares, or about 5% of shares outstanding, for up to $300 million from Aug. 24 through Aug. 24, 2029, according to a Tuesday filing with the Australian bourse.The company said the buyback reflects management's view that its shares are undervalued, pointing to the strategic value of its high-grade tungsten assets and the ramp-up of the Sangdong mine, the filing added.The company's shares jumped 5% in recent Tuesday trade.

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Storage King (ASX:SKG): -9%, AU$1.164DMedical (ASX:4DX): -6%, AU$3.68Develop Global (ASX:DVP): -6%, AU$4.78IperionX (ASX:IPX): -6%, AU$3.27Paladin Energy (ASX:PDN): -5%, AU$10.06Alcoa Corp CDI (ASX:AAI): -5%, AU$69.67Almonty Industries CDI 1:1 (ASX:AII): -5%, AU$19.25HomeCo Daily Needs REIT (ASX:HDN): -4%, AU$1.16Mineral 260 (ASX:MI6): -4%, AU$0.75South32 (ASX:S32): -4%, AU$4.73

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Almonty Industries Logs Earnings in Q2, Revenue Up

Almonty Industries (ASX:AII) logged CA$0.62 in EPS for the second quarter, compared with a loss of CA$0.30 a year ago, a Wednesday filing showed.For the three months ended June 30, gross revenue was about CA$43 million versus CA$7.2 million previously, the Australia-listed tungsten miner added.

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Tuesday.DroneShield (ASX:DRO): +12%, AU$2.03MAAS Group Holdings (ASX:MGH): +11%, AU$5.52Almonty Industries CDI 1:1 (ASX:AII): +10%, AU$17.71EQ Resources (ASX:EQR): +10%, AU$0.29Phylogica (ASX:PYC): +9%, AU$1.99Life360 CDI 3:1 (ASX:360): +9%, AU$27.87COSOL Infrastructure (ASX:CQE): +8%, AU$2.76Electro Optic Systems (ASX:EOS): +8%, AU$7.51Benz Mining (ASX:BNZ): +7%, AU$4.15Megaport (ASX:MP1): +6%, AU$19.10

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Almonty Industries to Delist From ASX

Almonty Industries (ASX:AII) received approval to delist from the Australian Securities Exchange (ASX) due to declining volumes traded on the Australian register as compared with that of the Nasdaq and Toronto Stock Exchange, according to a Friday filing with the Australian bourse.The number of Chess depositary interests held on the ASX declined to roughly 0.8% of all issued shares as of July 14, the filing said.The company expects the delisting to occur on Sept. 1, with its Chess depositary interests to be suspended and cease trading at market close on Aug. 28, per the filing.

Almonty Industries Requests Trading Halt Pending Proposed Delisting Application

Almonty Industries (ASX:AII) has requested an immediate trading halt for its chess depositary interests pending an update regarding a proposed application to be removed from the Australian Securities Exchange's official list, according to a Thursday Australian bourse filing.The company said the trading halt will remain in effect until the earlier of the release of the update or the resumption of normal trading on July 27, the filing added.

Almonty Industries to Voluntarily Exit Toronto Stock Exchange

Almonty Industries (ASX:AII) said it will voluntarily delist its common shares from the Toronto Stock Exchange (TSX) effective after market close on July 31, while continuing to trade on the Nasdaq Capital Market under the ticker "ALM," according to a Monday Australian bourse filing.The company said the decision reflects that the majority of its trading activity now takes place on Nasdaq and will help lower the costs and administrative requirements associated with maintaining a TSX listing, the filing added.

Almonty Industries Expands Offtake Agreement for South Korea Tungsten Mine by Six Years

Almonty Industries (ASX:AII) expanded the offtake agreement for the Sangdong tungsten mine in South Korea with Global Tungsten & Powders by six years to 21 years, according to a Wednesday Australian bourse filing.The amendment increased total contracted volume by 40% to 4.4 million metric tonne units (MTU) of tungsten concentrate and is expected to result in $490 million in contracted annual revenue over the 21-year term.

ASX Preview: Australian Shares to Fall as Oil Slides on US-Iran Talks; Northern Star Resources Set to Meet Fiscal 2026 Gold Sales Guidance

Australian shares are poised to fall on Thursday, tracking weaker oil prices after crude slid more than 1% to its lowest since March on easing supply concerns following progress in US-Iran talks in Qatar.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.2%, 0.7%, and 0.03%, respectively.In the macroeconomy, the international trade in goods report is due at 11:30 am Sydney time.In corporate news, Northern Star Resources (ASX:NST) reported preliminary gold sold of 433,000 ounces for the June quarter, bringing fiscal 2026 gold sold to about 1.5 million ounces.Almonty Industries (ASX:AII) said its Sangdong mine in South Korea has started processing plant throughput operations, marking a transition to saleable tungsten concentrate production.Australia's benchmark index fell 0.6% or 55.8 points to close at 8,722.90 on Wednesday.

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Almonty Industries Starts Processing Operations at South Korea Tungsten Mine

Almonty Industries (ASX:AII) said its Sangdong mine in South Korea has started processing plant throughput operations, marking a transition to saleable tungsten concentrate production, according to a Thursday filing with the Australian bourse.The company said its total stockpiled ore is about 139,700 tonnes at a blended grade of about 0.3% tungsten trioxide ahead of the plant's commissioning.At prevailing tungsten prices, the contained tungsten in the current stockpile represents around 2.6 months of phase one throughput feed with an illustrative gross in-process value of about $68 million, per the filing.

Almonty Industries Joins Russell 1000, Russell 3000 Indices

Almonty Industries (ASX:AII) joined the Russell 1000 Index and the Russell 3000 Index, following the Russell indexes reconstitution this month, according to a Tuesday filing with the Australian bourse.The reconstitution of the Russell US Indexes captures the 3,000 largest stocks in the US and ranks them by total market capitalization, the filing said.The Russell 1000 Index is a subset of the Russell 3000 Index and tracks the 1,000 largest publicly traded companies in the US, per the filing.

Almonty's South Korea Molybdenum Project Drilling Confirms Grades Consistent with Historical Results

Almonty Industries (ASX:AII) said drilling at the Sangdong molybdenum project in South Korea confirmed grades consistent with historical results, according to a Wednesday Australian bourse filing.Around 37% of the 26 planned drill holes have been drilled to date, and the assays received thus far have grades similar to those of historical drill holes.The program is designed to re-examine mineralized structures identified in historical drill holes as well as to enhance resource categorization.

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday:Minerals 260 (ASX:MI6): +13%, AU$0.85Pantoro Gold (ASX:PNR): +12%, AU$2.57Develop Global (ASX:DVP): +10%, AU$6.90PLS Group (ASX:PLS): +9%, AU$6.46Elevra Lithium (ASX:ELV): +9%, AU$11.65Genesis Minerals (ASX:GMD): +9%, AU$5.24Bellevue Gold (ASX:BGL): +9%, AU$1.33Almonty Industries (ASX:AII): +9%, AU$24.04Imdex (ASX:IMD): +9%, AU$4.01Sandfire Resources (ASX:SFR): +8%, AU$19.88

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Almonty Industries Completes Oversubscribed $700 Million Convertible Notes Offering; Shares Fall 5%

Almonty Industries (ASX:AII) closed an oversubscribed private offering of $700 million in 2.25% convertible senior notes due 2031, with an additional $100 million issued via full exercise of the purchasers' option, according to a Wednesday filing with the Australian bourse.Net proceeds from the offering were around $772.7 million after fees and expenses, per the filing.The funds will be used to strengthen the balance sheet and improve financial flexibility, the filing added.The company's shares fell around 5% in recent Wednesday trade.

Almonty Industries to Raise CA$700 Million in Convertible Notes Offering

Almonty Industries (ASX:AII) said it plans to raise CA$700 million through a private offering of convertible senior notes due 2031, with initial purchasers granted an option to buy an additional CA$100 million of the securities, according to a Friday filing with the Australian bourse.The unsecured notes pay semi-annual interest, mature on July 1, 2031, and are convertible into common shares under certain conditions, per the filing.The company may redeem the notes after July 1, 2029, if its share price remains above 130% of the conversion price for a specified period, the filing said.The net proceeds will be used for capped call transactions to mitigate dilution risk, refinancing existing debt, and general corporate purposes, including working capital needs and potential acquisitions, the filing added.

Almonty Industries to Join Large-Cap Russell 1000 Index

Almonty Industries (ASX:AII) is due to join the Large-Cap Russell 1000 index and the Broad-Market Russell 3000 index at the end of this year's index reconstitution process, according to a Friday filing with the Australian bourse.The inclusion is set to become effective at the opening of trading on June 29, the company said, citing a preliminary list of additions posted by FTSE Russell.The June reconstitution of the Russell US indexes captures up to 4,000 of the largest US stocks by market capitalization as of April 30.

Almonty Industries Posts Narrower Q1 Loss, Higher Revenue

Almonty Industries (ASX:AII) reported Tuesday first quarter loss of CA$0.02 per share, compared with CA$0.13 a year earlier.Analysts polled by FactSet expected earnings of CA$0.01.Revenue for the three months ended March 31 was CA$25.4 million, compared with CA$7.9 million a year earlier. Analysts surveyed by FactSet expected CA$24 million.

Almonty Industries Appoints CFO; Shares Up 4%

Almonty Industries (ASX:AII) appointed Jorge Beristain as chief financial officer, effective June 1, succeeding Brian Fox, according to a Thursday filing with the Australian bourse.Guillaume de Lamaziere, the company's chief development officer, will act as interim CFO until Beristain assumes the role, the filing added.Almonty Industries' shares jumped 4% in recent Thursday trade.

Almonty Industries Relocates Headquarters to US

Almonty Industries (ASX:AII) relocated its corporate headquarters to the US, shifting it to Dillon, Montana, from Toronto, Canada, according to a Tuesday filing with the Australian bourse.The move, which follows Almonty's Nasdaq listing in July 2025, is part of a strategic alignment with the US and reinforces the company's role as America's tungsten supplier, per the filing.The company also recently acquired the Gentung tungsten project in Montana, where production is expected to restart this year.

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