Almonty Industries Transitions to Production Phase Amid Divergent Analyst Views

Almonty CA0203981034

Almonty Industries is now executing a pivotal strategic shift, moving from a pure-play developer to an active producer of critical minerals. This transition is underscored by the commencement of commercial operations at its flagship asset, even as financial experts express sharply contrasting opinions on the near-term trajectory for its shares.

The company's risk profile has fundamentally changed following the official start of commercial mining at the Sangdong tungsten mine in South Korea in mid-December 2025. Management's focus is transitioning from construction to optimizing production efficiency and generating revenue. Concurrently, development continues at the U.S.-based Gentung Browns Lake project in Montana, which is scheduled to begin production in the second half of 2026.

This operational build-out is supported by a strengthened balance sheet. A capital raise completed in late 2025 injected $129 million into the company, providing crucial liquidity for the operational ramp-up phase.

Should investors sell immediately? Or is it worth buying Almonty?

Leadership Strengthened for Global Growth

To support its expanding global footprint, Almonty has made a key addition to its executive team. Guillaume Wiesenbach de Lamaziere, CFA, has been appointed Chief Development Officer (CDO). This move sends a deliberate signal to capital markets regarding the company's maturity. Wiesenbach de Lamaziere brings more than three decades of experience in banking and asset management, including senior roles at AIG Asset Management Europe. His mandate will center on corporate development and optimizing capital allocation, particularly as Almonty scales its non-Chinese tungsten production capacity.

Market Valuation Reflects a Crossroads

Currently trading on the NASDAQ at approximately $9.63, Almonty's share price reflects a market that acknowledges its successful financing and production start, yet remains cautious about execution. This caution is evident in the wide range of analyst assessments:

• Divided Analyst Outlook: Research firms are split on the immediate potential. Oppenheimer emphasizes the strategic value of Almonty's role in establishing a non-Chinese tungsten supply chain, issuing a price target of $12.00. In contrast, Cantor Fitzgerald has initiated coverage with a more conservative target of $6.50, citing the inherent execution risks during the initial production phase.
• Insider Confidence: A notable alignment of interests is indicated by the fact that company management holds roughly 18% of the outstanding shares.

The company's performance in the first quarter of 2026 is likely to be a significant catalyst. Market observers will be closely monitoring how effectively Almonty meets its initial production targets at Sangdong while managing operational costs, factors that will heavily influence its stock performance.