On August 21, Almonty Industries Inc. (NASDAQ Uplisting) rose 5.2% in regular trading, trading at $18.6491/share, with turnover of $67.36 million.

On the news front, the company's board approved a $300 million share repurchase program on August 18, allowing the purchase of up to 14.4 million shares, or approximately 5% of outstanding shares, over a 36-month period beginning August 24. Purchases may be executed on Nasdaq and through alternative trading systems, with Rule 10b5-1 automatic plans also permitted during blackout periods.

The buyback signal compounds a strong earnings inflection: Q2 EPS came in at CA$0.62, dramatically swinging from a CA$0.30 loss a year earlier and far exceeding the CA$0.10 analyst estimate. Revenue surged to CA$43 million from CA$7.2 million year-over-year. Additionally, the company's flagship Sangdong Tungsten Mine in South Korea commenced processing operations in July, with its offtake agreement extended to 21 years and pricing improved by approximately 6.3%, significantly enhancing long-term revenue visibility.

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