Almonty Industries Inc. Receives Buy Rating from Sphene Capital GmbH

Sphene Capital GmbH has issued a new update report on Almonty Industries Inc., recommending a "Buy" rating. The target price has been set at CAD 2.13, up from the previous target of CAD 1.59. The updated target price is projected over a 36-month period, reflecting a potential share price performance of 222.7%.

The increase in target price is driven by rising geopolitical tensions, spurring demand for advanced defense technologies, particularly tungsten armour. Tungsten is preferred over depleted uranium due to fewer regulations and its exportable status by the US government. Almonty Industries, with its Panasqueira mine and the under-construction Sangdong project, is well-positioned to become a key global supplier of conflict-free tungsten material.

The valuation, determined using a two-stage Discounted Cashflow model, includes Almonty’s current and future assets at Sangdong, Panasqueira, and Los Santos, as well as the discounted value of the development project at Valtreixal.