Almonty Industries Inc. is trading 1% up at $20.86 in pre-market on renewed enthusiasm surrounding its transition to a cash-flowing tungsten producer and the Sangdong project ramp-up.
- The stock is extending yesterday’s sharp 8.4% rally to $20.65, recovering quickly from a brief pullback seen last week.
- Market sentiment is bolstered by a strong first quarter and anticipation of a pivotal shareholder vote taking place next week.
- The company is benefiting from increased coverage of the global tungsten boom as it nears key production milestones at its flagship project.