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Almonty Industries

Logo: Nuno Madeira Alves, CC BY-SA 4.0, via Wikimedia Commons5

Canadian mining company

Almonty Industries Inc. is an American-Canadian international mining company primarily engaged in the extraction and development of tungsten resources.3 It employed 400 people.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

32.5MRevenue, fiscal 20256
-161.9MNet income, fiscal 20256
2009Founded1

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  • TickerALM on Nasdaq1
  • Industrymining1
  • HeadquartersToronto1
  • Websitewww.almonty.com
  • Legal formcompany1
  • Incorporated inCanada (Federal Level)7
  • Business address8 South Idaho Street, Suite A, Dillon, Mt 597257
  • Filer category, Emerging growth company7
  • LEI54930049R1BTGV5RJ0214
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address100 King Street West, M5X 1C7 Toronto, Canada4
  • Registered withCorporations Canada, 812752-24

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Almonty Industries Inc. is an American-Canadian international mining company primarily engaged in the extraction and development of tungsten resources.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2025

7.3%Gross margin6
-111.5%Operating margin6
-498.0%Net margin6
12.8%Revenue growth, 20256
-45.3%Return on equity6
0.38×Debt to equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Panasquiera mine [member] brought in 100% of the revenue Almonty Industries broke down this way in fiscal 2025.

  1. Panasquiera mine [member]32.5M CAD6100%up 13% from 2024
  2. Woulfe [member]48.0K CAD60%up 85% from 2024
Business segments by year
Business segments20242025
Panasquiera mine [member]28.8M CAD32.5M CAD
Woulfe [member]26.0K CAD48.0K CAD

Regions

Portugal country [member] brought in 100% of the revenue Almonty Industries broke down this way in fiscal 2025.

  1. Portugal country [member]32.5M CAD6100%up 13% from 2024
  2. South korea country [member]48.0K CAD60%up 85% from 2024
Regions by year
Regions20242025
Portugal country [member]28.8M CAD32.5M CAD
South korea country [member]26.0K CAD48.0K CAD

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue87¢30.1M CAD
  • Interest12¢4.0M CAD
  • Income tax1¢470.0K CAD

Out of 32.5M CAD in revenue.6 The company lost money this year.

Financial statements

Revenue632.5M CAD in 2025+13% since 2024
010.0M CAD20.0M CAD30.0M CAD40.0M CAD2024: 28.8M CAD28.8M CAD20242025: 32.5M CAD32.5M CAD2025+13%
Gross profit62.4M CAD in 2025+21% since 2024
01.0M CAD2.0M CAD3.0M CAD2024: 2.0M CAD2.0M CAD20242025: 2.4M CAD2.4M CAD2025+21%
Operating income6-36.2M CAD in 2025+173% since 2024
-40.0M CAD-30.0M CAD-20.0M CAD-10.0M CAD02024: -13.3M CAD-13.3M CAD20242025: -36.2M CAD-36.2M CAD2025+173%
Net income6-161.9M CAD in 2025+893% since 2024
-200.0M CAD-150.0M CAD-100.0M CAD-50.0M CAD02024: -16.3M CAD-16.3M CAD20242025: -161.9M CAD-161.9M CAD2025+893%

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Revenues32.5M CAD28.8M CAD
Production costs27.9M CAD24.7M CAD
Care and maintenance costs1.2M CAD1.1M CAD
Depreciation and amortization1.0M CAD1.1M CAD
Total cost of sales30.1M CAD26.9M CAD
Income from mining operations2.4M CAD2.0M CAD
General and administrative20.5M CAD6.2M CAD
Interest expense4.0M CAD4.6M CAD
Share-based compensation11.1M CAD2.7M CAD
Foreign exchange loss3.0M CAD1.8M CAD
Total operating expenses38.6M CAD15.2M CAD
Loss before other income (expenses) and income taxes-36.2M CAD-13.3M CAD
Interest income1.5M CAD2.0K CAD
Loss on valuation of warrant liabilities-29.3M CAD-2.0M CAD
Loss on valuation of embedded derivative liabilities-97.4M CAD-630.0K CAD
Total other income (expenses)-125.2M CAD-2.7M CAD
Net loss before income taxes-161.4M CAD-15.9M CAD
Income tax expense-36.0K CAD-133.0K CAD
Deferred tax expense-434.0K CAD-239.0K CAD
Total tax expense (income)-470.0K CAD-372.0K CAD
Net loss for the year-161.9M CAD-16.3M CAD
Unrealized loss on foreign currency translation-3.2M CAD-16.2M CAD
Comprehensive loss for the year-165.1M CAD-32.5M CAD
Net Loss per share - Basic-0.78 CAD-0.10 CAD
Net Loss per share - Diluted-0.78 CAD-0.10 CAD
Weighted average number of common shares outstanding - Basic208.0M shares169.4M shares
Weighted average number of common shares outstanding - Diluted208.0M shares169.4M shares

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Corporate structure

Almonty Industries sits at the top of its group. 2 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Almonty Industries

  • FMR LLC Filed SCHEDULE 13G/A on Almonty Industries, latest Aug 7, 2026 (3 filings since May 6, 2026)
  • Plansee SE Filed SCHEDULE 13G on Almonty Industries, latest Jun 17, 2026
  • Deutsche Rohstoff AG Filed SCHEDULE 13G/A on Almonty Industries, latest Apr 1, 2026 (2 filings since Nov 13, 2025)
  • Michael Lewis Black Filed SCHEDULE 13G on Almonty Industries, latest Mar 31, 2026 (2 filings since Jul 31, 2025)
  • Almonty Industries Toronto, Ontario, Canada
    • DAYTAL RESOURCES SPAIN, S.L. Subsidiary · Santos, Los, Spain

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Almonty Industries reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net266.4M CAD6 Dec 31, 2025201.9M CAD6 Dec 31, 2024+32.0%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, net33.4M CAD6 Dec 31, 202531.0M CAD6 Dec 31, 2024+7.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents268.4M CAD6 Dec 31, 20257.8M CAD6 Dec 31, 2024+3328.0%

Inventory

ItemLatestA year beforeChange
Inventory, total9.4M CAD6 Dec 31, 20256.7M CAD6 Dec 31, 2024+39.8%

Timeline

  1. 2009Founded Founded1

Calendar

Coming up

  1. Nov 2, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.02) a share, on Nov 3, 2025.8

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

82 filings to the SEC since October 2021: 1 annual reports, 8 large holders, 73 other. The latest 20:

  1. Oct 13, 20266-K EDGAR
  2. Oct 5, 20266-K EDGAR
  3. Sep 30, 20266-K EDGAR
  4. Sep 29, 20266-K EDGAR
  5. Sep 21, 20266-K EDGAR
  6. Sep 17, 20266-K EDGAR
  7. Sep 14, 20266-K EDGAR
  8. Aug 17, 20266-K EDGAR
  9. Aug 12, 20266-K EDGAR
  10. Aug 7, 2026S-8 POS EDGAR
  11. Aug 7, 2026SCHEDULE 13G/A EDGAR
  12. Aug 6, 2026SCHEDULE 13G/A EDGAR
  13. Aug 5, 2026S-8 EDGAR
  14. Jul 24, 20266-K EDGAR
  15. Jul 20, 20266-K EDGAR
  16. Jul 17, 20266-K EDGAR
  17. Jul 14, 20266-K EDGAR
  18. Jul 1, 20266-K EDGAR
  19. Jun 29, 20266-K EDGAR
  20. Jun 17, 2026SCHEDULE 13G EDGAR

The 82 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • FMR LLCSCHEDULE 13G/A, 3 filings May 6, 2026 to Aug 7, 20269
  • Plansee SESCHEDULE 13G, 1 filing Jun 17, 202610
  • Deutsche Rohstoff AGSCHEDULE 13G/A, 2 filings Nov 13, 2025 to Apr 1, 202611
  • Michael Lewis BlackSCHEDULE 13G, 2 filings Jul 31, 2025 to Mar 31, 202612

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC22,031,640$364.8M0.0%+3,746,137
Van Eck Associates Corp11,773,671$195.0M0.1%+3,199,225
Vanguard Capital Management LLC6,333,756$104.8M0.0%+1,287,284
BlackRock, Inc.6,075,155$100.6M0.0%New
Swedbank AB5,156,017$85.4M0.1%New
Hood River Capital Management LLC4,621,107$76.5M0.6%+396,432
Driehaus Capital Management LLC4,039,183$66.9M0.4%−56,152
Connor, Clark & Lunn Investment Management Ltd.3,029,543$50.1M0.1%−817,603
Norges Bank2,894,766$47.9M0.0%New
Jane Street Group, LLC2,189,580$36.3M0.0%+1,664,350
State Street Corp1,994,040$33.0M0.0%New
Vanguard Fiduciary Trust Co1,968,809$32.6M0.0%+426,804
Geode Capital Management, LLC1,834,663$30.4M0.0%+1,520,006
TD Asset Management Inc1,811,644$30.0M0.0%+154,333
Next Century Growth Investors LLC1,740,455$28.8M1.5%−78,669
Oxbow Capital Management (HK) Ltd1,724,226$28.6M8.0%New
Bnp Paribas Financial Markets1,704,604$28.2M0.0%+1,236,021
Citadel Advisors LLC1,620,010$26.8M0.0%+292,360
Bank Of Montreal /can/1,551,348$25.6M0.0%New
Telemark Asset Management, LLC1,200,000$19.9M1.4%No change
Jpmorgan Chase & Co1,187,370$19.2M0.0%−979,657
Goldman Sachs Group Inc983,336$16.3M0.0%−3,992,304
Walleye Capital LLC863,227$14.3M0.1%−31,331
Aventail Capital Group, LP818,543$13.6M0.8%+680,374
Bank Of America Corp /de/807,704$13.4M0.0%−101,207

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Almonty Industries is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAlmonty Industries Inc.2
  • CIK0001670061
  • Filer status<br>emerging growth company an emerging growth company2
  • Incorporated inCanada13
  • Fiscal year endsDecember 312
  • Industry code (SIC)1000 Metal Mining2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address8 South Idaho Street, Suite A, Dillon, MT 597252
  • Phone(647) 438-97662
  • Shares outstanding262,776,228 as of Dec 31, 20256
  • AuditorZeifmans LLP, Toronto, Canada PCAOB ID 1149; it also attests to the company’s internal control over financial reporting13
  • On EDGAR sinceMar 24, 20162
  • Filings83 in all: 6-K (56), SCHEDULE 13G (5), SCHEDULE 13G/A (3), SUPPL (3), 144 (2), F-10 (2), F-10/A (2), F-X (2)2
    All 16 form types

    40-F (1), 8-A12B (1), CERT (1), D (1), EFFECT (1), F-10POS (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (40-F) Mar 19, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, without par valueALMNasdaq

From the cover page of the 40-F filed Mar 19, 2026 (Section 12(b) of the Exchange Act).13

Sources

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