Almonty Industries raises $700M via note offering
Geopolitics · Mining.com ·
Tungsten miner Almonty Industries (Nasdaq: ALM) plans to raise $700 million through a senior convertible note offering, mostly for working capital, with the notes carrying a 2.25% annual interest rate and convertible at $27.40 per share. The Montana-based company, one of the largest tungsten producers outside China, expects the notes to settle on June 9, 2026, with initial purchasers holding an option to buy an additional $100 million.