Almonty Sets ASX Delisting Date for September 2026 with Trading Shift

ASX Delisting Completes Market Streamlining

Almonty Industries Inc. (ASX:AII, Nasdaq: ALM) will remove its shares from the Australian Securities Exchange at the close of trading on September 1, 2026. The company’s CHESS Depositary Interests (CDIs) will be suspended from trading on the ASX starting August 28, marking the final phase of its voluntary delisting process. This move follows Almonty’s recent exit from the Toronto Stock Exchange, reflecting a clear strategy to concentrate liquidity and investor attention on its Nasdaq and Frankfurt listings.

Trading Focus Shifts to Nasdaq and Frankfurt

Post-delisting, Almonty’s shares will continue to trade under the ticker "ALM" on Nasdaq and "ALI1" on the Frankfurt Stock Exchange. This consolidation aligns with where the majority of trading activity currently occurs, aiming to reduce administrative and compliance costs associated with multiple exchange listings. Investors will still have access to company updates and press releases through Almonty’s official website, ensuring transparency despite the reduced exchange footprint.

Strategic Positioning in Tungsten Supply Chain

Almonty remains a leading supplier of conflict-free tungsten, a metal critical to defence and advanced technologies amid rising geopolitical tensions. Its flagship Sangdong Mine in South Korea is poised to significantly bolster global non-China tungsten supply once at full capacity, directly addressing supply vulnerabilities intensified by recent U.S. restrictions on Chinese exports. Alongside operations in Portugal, the U.S., and Spain, Almonty is strategically positioned to meet growing demand from Western allies focused on securing critical materials.

Delisting Reflects Broader Market Rationalisation

This ASX exit is the latest step in Almonty’s efforts to streamline its market presence following a surge in tungsten prices and operational ramp-ups at Sangdong. The company’s recent US$300 million share buyback and inclusion in major U.S. indexes underscore its growing profile among North American investors. Concentrating trading on Nasdaq and Frankfurt may enhance liquidity and reduce overheads, but it also narrows access for Australian retail investors who previously held shares via ASX-listed CDIs.