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Almonty Industries Q3 net income jumps 51% year over year to CAD 50.2 million; Q3 revenue rises year over year to CAD 41.9 million

PUBT·11/12/2026 22:01:10
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Almonty Industries Q3 net income jumps 51% year over year to CAD 50.2 million; Q3 revenue rises year over year to CAD 41.9 million
  • Almonty Industries' third-quarter 2026 net income rose 51% year-over-year to CAD 50.24 million, including CAD 47.9 million in net non-cash gains.
  • Revenue climbed year-over-year to CAD 41.89 million, driven by higher tungsten APT prices.
  • Cash reached CAD 1.15 billion at September 30, primarily reflecting proceeds from June's convertible senior notes offering.
  • Sangdong produced its first tungsten concentrate in September, with more than 90% of Phase I production contracted.
  • The Sangdong Phase II expansion targets completion in 2027, subject to operating performance and market conditions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Almonty Industries Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202611121630BIZWIRE_USPR_____20261112_BW612204) on November 12, 2026, and is solely responsible for the information contained therein.