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Almonty Industries ( (TSE:AII) ) just unveiled an update.
On November 3, 2025, Almonty Industries announced the start of a large-scale drilling program at its Panasqueira Mine in Portugal, aiming to expand production into a new level and potentially extend the mine’s operational life. The 12-month program, with an estimated investment of €2.5 million, involves 14,000 meters of diamond drilling to update the resource model and guide future production planning. This strategic move is part of Almonty’s efforts to strengthen its position as a key supplier of tungsten amid robust demand and pricing, enhancing its long-term production planning capabilities.
The most recent analyst rating on (TSE:AII) stock is a Hold with a C$9.00 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 influenced by significant financial challenges, including persistent losses and high leverage. Technical analysis provides some positive signals, but valuation remains unattractive due to negative earnings and lack of dividends. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on TSE:AII stock, click here.
More about Almonty Industries
Almonty Industries Inc. is a leading global producer of tungsten, a strategic metal essential to the defense and advanced technology sectors. The company is known for its conflict-free tungsten supply, which is critical for armor, munitions, and electronics manufacturing. Almonty’s flagship Sangdong Mine in South Korea is expected to supply a significant portion of global non-China tungsten production, addressing supply vulnerabilities amid geopolitical tensions. The company also operates in Portugal and has projects in Spain, aligning with the demand from Western allies for supply-chain security and defense readiness.
Average Trading Volume: 528,906
Technical Sentiment Signal: Buy
Current Market Cap: C$2.17B
For a thorough assessment of AII stock, go to TipRanks’ Stock Analysis page.