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Almonty Industries Inc (ASX:AII)

ALERT: Price-sensitive ASX Announcement for AII
Current share price for AII : $25.890 3.9 (17.74%)+
Announcement
Release
18 Aug 2026 9:07AM
Price at Release
$21.990
Full Release
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Summary
Almonty Industries Inc. announced a new share repurchase program valued at up to US$300,000,000. The program, authorized by the company's Board of Directors, aims to enhance shareholder value by addressing the disconnect between the current share price and the intrinsic value of Almonty's strategic tungsten assets. The company plans to repurchase up to 14,400,000 common shares, which is approximately 5% of its outstanding shares, over a three-year period starting on August 24, 2026. The purchases will be executed on the open market through Nasdaq and other legal means. Almonty may also engage in automatic share purchase plans during blackout periods. This initiative is part of Almonty's strategy to leverage its position as a leading supplier of conflict-free tungsten, critical to defense and advanced technology sectors, particularly as geopolitical tensions prompt Western nations to seek non-Chinese sources for strategic minerals.
Key Points
  • Announcement of a new share repurchase program by Almonty Industries Inc.
  • The program is valued at up to US$300,000,000.
  • Aims to repurchase up to 14,400,000 common shares over three years.
  • Intended to align share price with the company's asset value.
  • Purchases to be made on Nasdaq and other permitted means.
  • May include automatic share purchase plans during blackout periods.
  • Part of a strategy to capitalize on Almonty's tungsten assets.
  • Reflects a response to geopolitical shifts in mineral sourcing.
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.