Almonty Approves $300 Million Share Buyback Amid Tungsten Supply Shortage

1. 1Almonty Industries approved a share buyback of up to $300 million amid tungsten supply pressures.
2. 2It may repurchase up to 5% of its issued shares over three years, while second-quarter revenue rose 498% year over year and net income reached approximately $182 million, mostly from a noncash accounting gain.
3. 3With prices exceeding $3,125 per ton following China's export controls in February 2025, the Sangdong mine in Portugal is becoming important to Western defense and semiconductor supply chains.

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