tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Almonty Industries Launches Drilling Program Amid Molybdenum Shortage

Story Highlights
  • Almonty Industries starts a large-scale drilling program at the Sangdong Molybdenum Project.
  • The project aims to address South Korea’s molybdenum supply shortage and boost local economy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Almonty Industries Launches Drilling Program Amid Molybdenum Shortage

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

An update from Almonty Industries ( (TSE:AII) ) is now available.

On September 23, 2025, Almonty Industries announced the commencement of a large-scale drilling program at its Sangdong Molybdenum Project in South Korea, aiming to address the critical molybdenum supply shortage in the country. This initiative is expected to confirm mineral reserves and potentially expedite production, which could significantly contribute to South Korea’s resource security and reduce its reliance on imports. The project is anticipated to bring economic benefits to the local community, including job creation and population growth, while enhancing Almonty’s industry positioning.

The most recent analyst rating on (TSE:AII) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on Almonty Industries stock, see the TSE:AII Stock Forecast page.

Spark’s Take on TSE:AII Stock

According to Spark, TipRanks’ AI Analyst, TSE:AII is a Neutral.

The overall stock score is primarily impacted by the company’s weak financial performance, characterized by high leverage and persistent losses. Technical analysis provides some positive signals with moderate bullish momentum, but the negative P/E ratio and lack of dividend yield weigh heavily on the valuation, resulting in a lower overall score.

To see Spark’s full report on TSE:AII stock, click here.

More about Almonty Industries

Almonty Industries Inc. is a leading supplier of conflict-free tungsten, a strategic metal crucial for defense and advanced technology sectors. The company operates the Sangdong Tungsten Mine in South Korea, one of the world’s largest tungsten deposits, and has operations in Portugal and projects in Spain, aligning with Western allies’ supply-chain security and defense readiness.

Average Trading Volume: 518,551

Technical Sentiment Signal: Buy

Current Market Cap: C$1.59B

See more insights into AII stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1