Almonty Shares Exhibit Wild Price Swings Following Strategic US Acquisition

Almonty Industries Inc. is currently experiencing dramatic price fluctuations across different trading venues. This volatility follows the company's landmark acquisition of the Gentung Browns Lake tungsten project located in Montana. In a striking divergence, the company's shares gained 2.74% to reach $8.63 on the Toronto Stock Exchange, while simultaneously plunging 6.6% on the Nasdaq. This conflicting price action highlights the market's ongoing struggle to value the company's new strategic direction.

Despite the selling pressure evident on the Nasdaq, institutional analysts are reaffirming their positive stance. Both Oppenheimer and D.A. Davidson have upheld their "Outperform" and "Buy" recommendations, respectively, while increasing their price targets to $12.00.

This $12.00 price objective suggests substantial upside potential from the current trading levels of $8.63 (TSX) and $6.06 (Nasdaq). The clear disconnect between these bullish analyst ratings and the sharp decline on one exchange indicates the market is in a significant price discovery phase, weighing the long-term prospects against immediate financial considerations.

US Expansion Secures Strategic Asset

The primary catalyst for the current market movements is Almonty's successful full acquisition of the Gentung Browns Lake project. This transaction grants the company control over one of the most advanced, undeveloped tungsten sites in the United States.

Key details of the newly acquired project include:

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

• Production Timeline: Operations are scheduled to commence in the second half of 2026.
• Resource Scale: The property holds 7.53 million tonnes of resources, compliant with the NI 43-101 standard.
• Annual Capacity: The project is designed to produce 140,000 metric tonne units per year.
• Strategic Importance: Its location provides direct access to US defense supply chains.

This strategic move substantially diversifies Almonty's operational portfolio, complementing its existing mining interests in South Korea, Portugal, and Spain.

Technical Indicators Signal Critical Juncture

From a technical perspective, the stock is testing crucial price levels. On the TSX, a volume-based support zone has formed around $8.40. A decisive break below this level could signal a negative trend reversal, whereas the next significant resistance awaits at $9.33.

Recent trading activity reveals extreme market conditions, with daily price swings regularly exceeding 7% amid inconsistent trading volumes. Investors are carefully balancing the long-term earnings potential of the Montana project against the immediate capital requirements needed to bring it into production.

The confirmed mid-2026 production start date provides a concrete timeline for the market to anticipate value realization. The considerable gap between the current share price and the $12.00 analyst consensus underscores the prevailing market uncertainty. This very discrepancy, however, is creating a pronounced volatility profile that presents opportunities for short-term traders.