Almonty Strengthens Leadership Amid Transition to Production Phase

The tungsten mining company Almonty has appointed a new Chief Development Officer to its executive team, coinciding with the conclusion of a significant lock-up period for certain shares. These developments arrive as the firm progresses from project development into active production at its flagship operation, building upon a year of remarkable share price appreciation.

In a move to bolster its corporate leadership, Almonty has created the role of Chief Development Officer (CDO) and appointed Guillaume Wiesenbach de Lamaziere to the position. This strategic hire follows closely on the heels of the commencement of commercial mining at the Sangdong mine in South Korea.

Wiesenbach de Lamaziere brings over three decades of banking and asset management expertise to the role, holding the Chartered Financial Analyst designation. His career includes senior leadership tenures at global financial institutions. He previously served as CEO and COO/CFO of AIG Asset Management Europe Ltd., where his responsibilities encompassed the consolidation of assets from more than 40 countries, representing over $37 billion in managed funds.

Prior to that, at Banque AIG in Paris, he managed the orderly withdrawal of the bank's license. During this process, he successfully reduced a portfolio of derivatives and structured products from $300 billion to $1 billion without incurring losses and repatriated over $2 billion in capital to the parent company. His professional background also includes roles at Natixis Capital Markets, Goldman Sachs, and Arthur Andersen.

Almonty’s Chairman and CEO, Lewis Black, highlighted that the new CDO's combined experience as a CEO, CFO, and COO will be instrumental in enforcing strict capital allocation, robust governance, and targeted corporate development. Wiesenbach de Lamaziere described his entry into Almonty as occurring at a "significant inflection point," referencing the shift from development to production at Sangdong. He committed to working closely with management to drive long-term shareholder value.

Lock-Up Agreements Expire, Increasing Float

On January 8, lock-up agreements pertaining to specific common shares, stock options, and Restricted Stock Units came to an end. These restrictions were connected to a fully placed capital raise completed in December 2025, which raised $129.375 million, including the full exercise of an over-allotment option.

The expiration of these lock-ups increases the publicly tradable float of the company's stock. This development could influence trading activity, as shares previously subject to sale restrictions are now theoretically available to enter the market.

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

Operational Progress and Share Performance

The executive appointment is the latest in a series of operational milestones achieved by Almonty in recent months:

• December 16, 2025: Commercial mining operations began at the Sangdong tungsten mine in South Korea.
• December 1, 2025: Retired Brigadier General Steven L. Allen was appointed Chief Operating Officer.
• November 17, 2025: The acquisition of the Gentung Browns Lake tungsten project in Montana, USA, was finalized.
• November 3, 2025: A large-scale drilling program was initiated at the Panasqueira mine in Portugal.

These steps demonstrate the company's strategy of advancing multiple projects across different geographic regions to gradually expand its production base.

From an investment perspective, Almonty's equity has experienced substantial gains. According to Yahoo Finance, the share price has advanced by more than 490% over the past twelve months.

Key Financial Metrics:
* Latest closing price on the TSX: CAD $13.14
* Recent trading level on the NASDAQ: USD $9.61
* Approximate market capitalization: USD $2.47 billion
* Average daily trading volume on the NASDAQ: ~2.9 million shares

Analyst sentiment remains supportive; DA Davidson reaffirmed a "Buy" rating on the stock in December 2025.

Forward-Looking Catalysts

The market anticipates the next quarterly results (Q4 2025) by the end of March. These figures are expected to reflect the initial contributions from the ramp-up of commercial production at Sangdong, which is projected to become the largest tungsten producer in the Western world at full capacity.

Almonty continues to develop additional projects, including the Sangdong molybdenum project in South Korea and the Gentung Browns Lake asset in the United States. With the new CDO integrated into the leadership team and enhanced trading liquidity for its shares, the company appears positioned for its next phase of growth.