DILLON, Mont. - Almonty Industries Inc. (NASDAQ:ALM) (TSX:AII) (ASX:AII) is asking shareholders to submit votes in advance of its annual general meeting scheduled for June 9, according to a press release statement. The proxy deadline is 10:00 a.m. Eastern time on June 5.
The tungsten producer outlined several developments from 2025, including the commencement of mining operations at its Sangdong Tungsten Mine in South Korea and the initiation of drilling programs at its Sangdong Molybdenum Project and Panasqueira Mine in Portugal.Despite these operational advances, the stock has struggled recently, trading near its 52-week low of $15.78 with shares down 17% year-to-date at $16.36. According to InvestingPro analysis, this represents one of 10+ key insights available to subscribers, including critical financial health metrics and expert analysis.
The company completed a $90 million initial public offering on the Nasdaq Capital Market and a $129 million follow-on offering in December 2025. Almonty also acquired full ownership of the Gentung Browns Lake Tungsten Project in Beaverhead County, Montana, and established its corporate headquarters in the United States.The capital infusions have supported a company with a market capitalization of $321 million and revenue of $296 million over the last twelve months, representing 27% growth. InvestingPro data shows the company remains profitable with earnings per share of $4.31 and maintains liquid assets that exceed short-term obligations. For deeper analysis, investors can access Almonty’s comprehensive Pro Research Report, one of 1,400+ available reports that transform complex financial data into actionable intelligence.
The board added two independent directors and several executives to its management team during the period.
"The board is committed to a thoughtful approach to its governance maturation through evolving its independence profile focused on necessary skills and diversity," said Lewis Black, Chairman, President and Chief Executive Officer.
The company recommends shareholders vote for the re-election of all director nominees listed in its management information circular dated April 29, 2026. Beneficial shareholders holding shares through brokers should submit voting instruction forms by their intermediary’s deadline, which may precede the June 5 proxy deadline.
Almonty has engaged Sodali & Co as proxy solicitation agent and shareholder communications advisor for approximately $37,500 plus expenses. The company will bear all costs of the proxy solicitation.
Almonty operates tungsten mines in South Korea and Portugal, with additional projects in Spain and the United States.
In other recent news, American Integrity Insurance Group reported its Q1 2026 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.02, compared to the forecasted $0.97. This represents a 5.15% positive surprise, indicating stronger-than-expected performance for the quarter. Additionally, American Integrity announced the completion of its 2026-2027 catastrophe excess of loss reinsurance program, increasing its reinsurance limit by $409.1 million to a total of $2.99 billion. This program provides coverage of $2.25 billion for a single catastrophic event.
In a separate development, Almonty Industries Inc. revealed that it will join the Russell 1000 and Russell 3000 Indexes following the 2026 reconstitution. This inclusion reflects Almonty’s market capitalization ranking among the largest U.S. stocks as of April 30, 2026. The changes will take effect when the market opens on June 29, 2026. These recent developments highlight significant financial and strategic moves for both companies.
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