Sphene Capital sets Almonty price target at USD 26.40, keeps Buy rating

Bitget2026/09/28 15:11

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Sphene Capital reiterated a Buy rating on Almonty Industries, setting a 36-month target price of USD 26.40.
Target implies 92.4% upside from the last close of USD 13.72, reflecting a shift from a prior CAD 38.90 target.
Report highlighted a long-term take-or-pay offtake deal with Sandvik unit Wolfram Bergbau und Hütten for Los Santos tailings concentrate.
Agreement includes a conditional one-time upfront payment of USD 3 million, with pricing linked to tungsten and a contractual floor.
Sphene said the offtake structure could de-risk a Los Santos restart by improving cash-flow visibility and reducing required capital.

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 EQS News (Ref. ID: rc_26936) on September 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sphene Capital sets Almonty price target at USD 26.40, keeps Buy rating

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