- Almonty Industries (TSX:AII) will voluntarily delist its shares from the TSX effective July 31, 2026, while continuing to trade on NASDAQ under the ticker ALM
- The company said most of its trading volume occurs on NASDAQ and that removing the TSX listing will reduce administrative, compliance, and listing costs
- Canadian shareholders will still be able to trade Almonty shares through brokers that provide access to NASDAQ-listed securities
- Almonty Industries stock (TSX:AII) last traded at C$19.53
Almonty Industries (TSX:AII), has announced plans to voluntarily delist its common shares from the TSX, with the move set to take effect at the close of trading on July 31, 2026.
The tungsten miner explained that following the delisting, Almonty’s shares will continue to trade on the NASDAQ Capital Market under the ticker symbol ALM.
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The tungsten producer said the decision was driven by trading activity trends and the costs associated with maintaining multiple stock exchange listings. According to the company in a news release,, the majority of its daily trading volume now takes place on NASDAQ, making that exchange its primary market. Almonty added that eliminating its TSX listing is expected to reduce financial, administrative and regulatory compliance expenses.
In a statement, the company said it believes the move is in the best interests of the business and its stakeholders, arguing that concentrating trading activity on NASDAQ could help deliver greater value to shareholders while streamlining corporate operations.
The delisting does not require shareholder approval. Almonty noted that under Subsection 720(b) of the TSX Company Manual, shareholder consent is not necessary when an alternative market for the company’s shares remains available. NASDAQ will continue to serve as that alternative trading venue.
For investors north of the border, the company emphasized that most Canadian brokerage firms, including online and discount brokers, provide access to securities listed on NASDAQ. Shareholders who currently hold Almonty shares in Canadian brokerage accounts are encouraged to contact their brokers to confirm trading procedures after the TSX delisting becomes effective.
The company maintains listings across several international exchanges, including NASDAQ, the Australian Securities Exchange (ASX) and the Frankfurt Stock Exchange.
Almonty Industries Inc. is a global provider of tungsten concentrate in conflict-free regions, including from its producing Panasqueira mine in Portugal and its Sangdong mine in South Korea, which is slated to begin operations in 2025. The company is also focused on its Valtreixal tin-tungsten and Los Santos tungsten development projects in Spain.
Almonty Industries stock (TSX:AII) closed trading 1.45 per cent higher at C$19.53 and has risen around 60 per cent since the year began.
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