Business Wire·Aug 17, 2026, 7:30 AM ET

Almonty Announces New Share Repurchase Program of Up to US$300,000,000

Almonty Industries Inc. Board of Directors approved the 2026 Share Repurchase Program to address the disconnect between the current share price & the underlying value of its strategic tungsten assets.
The program authorizes the purchase of up to 14,400,000 common shares, representing approximately five percent of outstanding shares as of August 14, 2026.
The total aggregate purchase price is capped at US$300,000,000.
The program will run for a 36-month period commencing on August 24, 2026, & ending on August 24, 2029.
Purchases may be executed via the Nasdaq Stock Market, alternative trading systems, or other methods permitted by securities laws, including Rule 10b-18 safe harbor provisions.
Almonty may implement Rule 10b5-1 Plans with brokers to facilitate share purchases during internal blackout periods based on prearranged parameters.
The actual number of shares purchased & the timing of transactions remain at the discretion of Almonty & may be amended, suspended, or discontinued at any time.
Chairman Lewis Black stated the repurchase aims to build shareholder value ahead of full Sangdong mine revenues & in light of Western demand for non-Chinese critical mineral supply chains.
Almonty operates the Sangdong Tungsten Mine in South Korea, which is expected to become a major contributor to the global non-China tungsten supply chain upon reaching full capacity.