Almonty Industries Inc. Receives Updated 'Buy' Rating from Sphene Capital

Sphene Capital GmbH has released an updated research report on Almonty Industries Inc., maintaining a "Buy" recommendation with an increased target price of CAD 8.40, up from CAD 5.40. The revised valuation is driven by the updated NI 43-101 report on the Sangdong project, showing an 8.6% increase in probable mineral reserves to 8,579 Kt of WO₃.

The Sangdong mine's life (LOM) is now estimated to sustain operations for 14 years, supported by an existing offtake agreement for phase 1. Furthermore, Almonty has identified an inferred WO₃ resource of 50,686 Kt, suggesting potential for future reserve expansions. The report highlights the possible reclassification of these resources as economically viable reserves.

The updated valuation incorporates the net present value of current and future producing assets, including the Sangdong, Panasqueira, and Los Santos mines, as well as a developmental assessment of the Valtreixal project. This reflects a 35.9% upside from the previous day’s closing price of CAD 6.18.