Almonty Industries Inc. Receives "Buy" Recommendation from Sphene Capital

On April 24, 2025, Sphene Capital GmbH published an updated research report on Almonty Industries Inc., emphasizing a positive outlook. The report, disseminated by EQS News, maintains a "Buy" recommendation for the company's stock, citing a revised target price of CAD 5.40, up from CAD 5.20. This change reflects a recent increase in tungsten prices, benefiting Almonty's market position.

Almonty Industries remains a crucial source of tungsten and molybdenum in Western markets, uniquely positioned to offer conflict-free metal supplies. Their strategic sites, including Sangdong, Panasqueira, and Los Santos, contribute to this advantageous positioning. Additionally, the report highlights the Valtreixal project's discounted value as a factor in the updated valuation.