5 Stocks With Eye-Popping Gains

In this article, we will look at the 5 Stocks With Eye-Popping Gains. For a deeper discussion and an extended list, please see 10 Stocks With Eye-Popping Gains.

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5. Almonty Industries Inc. (NASDAQ:ALM)

Almonty Industries extended gains for a second day on Monday, soaring 15.32 percent to close at $20.62 apiece, as investors took heart from its support for the US government’s critical minerals expansion with its relocation to the US.

In a statement, Almonty Industries Inc. (NASDAQ:ALM) said that its headquarters is set to move to Dillon, Montana, from Toronto, Ontario, reflecting its continued strategic alignment with the United States and its role in supporting secure, transparent, and Western-aligned supply chains for critical materials.

The move was in line with its ambitious goal of becoming a leading tungsten producer in the US, and followed its acquisition of the Gentung Tungsten Project in Montana. Production at the mine site is expected to restart this year.

“Relocating our headquarters to the United States is not merely symbolic. It reflects who we are—as Montana is the location of our recently acquired Gentung Tungsten Project—and where our future lies. Our investors, customers, and strategic partners are here because they recognize the urgency of building a Western tungsten supply chain free from Chinese dependence,” Almonty Industries Inc. (NASDAQ:ALM) Chairman, President, and CEO Lewis Black said.

“With Sangdong Phase 1 complete and Gentung on track to begin production, we are delivering on that mission, and a US home base ensures we remain at the center of it,” he noted.