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Almonty Industries Inc (ASX:AII)

ALERT: Price-sensitive ASX Announcement for AII
Current share price for AII : $25.700 2.27 (9.69%)+
Announcement
Release
30 Jun 2026 9:10AM
Price at Release
$23.430
Full Release
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Summary
Almonty Industries Inc., a global leader in tungsten concentrate production, announced its inclusion in the large-cap Russell 1000® Index and the broad-market Russell 3000® Index, effective June 29, 2026. This inclusion was part of the annual reconstitution of the Russell U.S. Indexes, which selects the largest U.S. stocks based on market capitalization. Membership in these indexes is expected to enhance Almonty's visibility among institutional investors, broaden its shareholder base, and improve trading liquidity. Almonty operates the Sangdong Mine in South Korea, a significant non-China tungsten source crucial for defense and technology sectors, especially due to current geopolitical tensions. This milestone reflects Almonty’s substantial scale and aligns with its strategic efforts to secure supply-chain reliability for Western industries.
Key Points
  • Almonty Industries joined the Russell 1000® and Russell 3000® Indexes.
  • The inclusion became effective on June 29, 2026.
  • Membership is based on market-capitalization rankings.
  • This inclusion is expected to improve trading liquidity and investor visibility.
  • The Sangdong Mine in South Korea is a key asset for Almonty.
  • Almonty is crucial for defense and advanced technology sectors due to its tungsten production.
  • Almonty’s operations help mitigate supply vulnerabilities amidst geopolitical tensions.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.