Almonty Industries Inc. Reports Strategic Progress Amid Financial Challenges

Almonty Industries Inc. has shown significant strategic progress despite reporting substantial financial losses for the first half of 2025. The company's revenue stood at C$15.10 million, a slight decrease from C$15.76 million in the previous year, while net losses soared to C$92.83 million, largely due to non-cash revaluation charges and corporate expenses related to its U.S. listing preparations.

Key strategic milestones included entering a long-term molybdenum offtake agreement and securing recognition from the U.S. House Select Committee for its contribution to securing American supply chains. These accomplishments culminated in a successful U.S. Nasdaq listing and a US$90 million public offering in July.

The tungsten market faces supply constraints, driving up prices, which could benefit Almonty as it expands its production facilities. The company's strategic positioning reflects its potential as a leading non-Chinese tungsten supplier.