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aktiencheck.deSEP 282 min read

Original-Research: Almonty Industries Inc (von Sphene Capital GmbH): Buy ()

Sphene Capital GmbH reiterates a Buy rating on Almonty Industries Inc, setting a new target price of USD 26.40. The company has secured a long-term tungsten supply agreement with WBH, a Sandvik subsidiary, for its Los Santos Mine. The deal includes a USD 3.0 mn upfront payment and a floor price, reducing restart risks and improving cash flow visibility. Almonty aims to recover tungsten from existing tailings using improved technology.

Original reporting
aktiencheck.de
Published Sep 28, 2026, 3:45 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 28, 2026, 4:28 PM UTC. Informational, not investment advice.
How this was made
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Original-Research: Almonty Industries Inc (von Sphene Capital GmbH): Buy () — source image
Source · aktiencheck.de
Decision brief

The 30-second read

Med
01

Why it matters

The new off‑take agreement provides a concrete revenue stream, likely reducing financing risk and supporting a price increase.

02

Market read

First disclosure of a material supply contract for a micro‑cap miner, offering a catalyst for short‑term price movement.

03

What to watch

Potential regulatory or environmental hurdles at Los Santos could delay the restart despite the contract.

Relevance 6/10Novelty 7/10Timing: pre‑market today

Background

Almonty Industries is a small‑cap tungsten producer seeking to restart its Los Santos mine using tailings recovery technology.

Market effects

Sector

enhances outlook for the tungsten mining sector by showing viable tailings recovery models.

Regional

supports Spanish mining activity and may boost related equipment suppliers.

Global

demonstrates demand for tungsten, a critical metal for tech and defense.

Counterpoint

What could challenge this read

The agreement's modest $3 m upfront may be insufficient to fully fund the restart, limiting upside.

Key entities

  • company
    Almonty Industries Inc

    Tungsten mining company issuing the off‑take agreement.

  • company
    Wolfram Bergbau und Hütten AG (WBH)

    Subsidiary of Sandvik Group, buyer under the agreement.

Read at source← All news

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