Almonty Industries Soars 840% in 2025 on Aggressive Tungsten Expansion

We recently published 10 Market Stars Behind Millionaire-Making in 2025. Almonty Industries Inc. (NASDAQ:ALM) is one of the top performers.

Almonty Industries saw its share prices jump by 840.13 percent in 2025, primarily bolstered by its aggressive expansion into tungsten production, in line with its goal to become one of the leading producers of the said metal.

Late last year, Almonty Industries Inc. (NASDAQ:ALM) announced a flurry of developments aimed to ramp up its tungsten production portfolio, including the acquisition and commercial operations of several mining sites in the US and in South Korea.

Photo from Almonty Industries website

Last month, Almonty Industries Inc. (NASDAQ:ALM) announced the looming start of commercial operations at its mine site in South Korea following the successful delivery of the first truckload of ore to the Run-of-Mine pad at the Sangdong Tungsten Mine, marking the final step before the kickoff.

Almonty Industries Inc. (NASDAQ:ALM) acquired the Sangdong mine when the US halted its mining operations in 2015. Since then, it has been working on bringing the site back into production.

In November, meanwhile, Almonty Industries Inc. (NASDAQ:ALM) successfully acquired the Gentung Browns Lake Tungsten Project in Beaverhead County, Montana, and commenced drilling operations at its Panasqueira Mine in Portugal.

The Panasqueira Mine alone is being expanded into Level 4 operations, a 2.5 million euro operation to drill 14,000 meters with three rigs over a 12-month period.

While we acknowledge the risk and potential of ALM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ALM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.