Almonty Industries climb on US tungsten asset buy report

Almonty Industries

08/09/2025 17:04

** Shares of Canada-based tungsten concentrate producer Almonty Industries AII.TO rise 6.7% to C$6.09

** Company is considering buying a U.S. tungsten asset, Bloomberg News reports

** The possible acquisition is AII's latest effort to boost its U.S. presence after listing shares on the Nasdaq in July and announcing plans to re-domicile to Delaware, the report adds

** CEO Lewis Black, in an interview last week, did not name the asset or the location

** Including session's moves, AII shares rise 346.2% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))