Almonty Industries Inc.

NasdaqCM:ALM Stock Report

Market Cap: US$4.8b

Almonty Industries Management

Management criteria checks 3/4

Almonty Industries' CEO is M. Black, appointed in Sep 2011, has a tenure of 14.75 years. total yearly compensation is CA$11.33M, comprised of 18.9% salary and 81.1% bonuses, including company stock and options. directly owns 7.23% of the company’s shares, worth $349.36M. The average tenure of the management team and the board of directors is 2.9 years and 5.1 years respectively.

Key information

M. Black

Chief executive officer

CA$11.3m

Total compensation

CEO salary percentage18.93%
CEO tenure14.8yrs
CEO ownership7.2%
Management average tenure2.9yrs
Board average tenure5.1yrs

Recent management updates

Recent updates

Seeking Alpha • Jun 05

Almonty Industries: Buy The Dip And Profit From Tungsten's Supply Chain War

Summary Almonty Industries is uniquely positioned to benefit from the global tungsten supply shock. ALM’s Q1 revenue surged 221% to $25.4M, with positive EBITDA and strong operating cash flow driven by high prices and Panasqueira's sturdy output. Geopolitical supply constraints, robust defense demand, and ALM’s strategic U.S. positioning underpin a multi-year super cycle. The company's Sangdong mine could eventually supply 40% of the world's (non-Chinese) tungsten. The company enters the Russell 1000 and Russell 3000 on June 29, ensuring new investor engagement. I rate it a Strong Buy. With the stock down 18% after yesterday's dilutive $700 million convertible note offering, ALM at $17.00 is an excellent entry point. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has M. Black's remuneration changed compared to Almonty Industries's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-CA$133m

Dec 31 2025CA$11mCA$2m

-CA$162m

Sep 30 2025n/an/a

-CA$65m

Jun 30 2025n/an/a

-CA$104m

Mar 31 2025n/an/a

-CA$47m

Dec 31 2024CA$2mCA$867k

-CA$16m

Sep 30 2024n/an/a

-CA$14m

Jun 30 2024n/an/a

-CA$11m

Mar 31 2024n/an/a

-CA$10m

Dec 31 2023CA$1mCA$836k

-CA$9m

Sep 30 2023n/an/a

-CA$7m

Jun 30 2023n/an/a

-CA$14m

Mar 31 2023n/an/a

-CA$15m

Dec 31 2022CA$4mCA$517k

-CA$14m

Sep 30 2022n/an/a

-CA$10m

Jun 30 2022n/an/a

-CA$6m

Mar 31 2022n/an/a

-CA$6m

Dec 31 2021CA$1mCA$475k

-CA$8m

Sep 30 2021n/an/a

-CA$14m

Jun 30 2021n/an/a

-CA$11m

Mar 31 2021n/an/a

-CA$8m

Dec 31 2020CA$490kCA$490k

-CA$9m

Sep 30 2020n/an/a

-CA$20m

Jun 30 2020n/an/a

-CA$21m

Mar 31 2020n/an/a

-CA$21m

Dec 31 2019CA$1mCA$462k

-CA$12m

Compensation vs Market: M.'s total compensation ($USD8.10M) is about average for companies of similar size in the US market ($USD8.38M).

Compensation vs Earnings: M.'s compensation has increased whilst the company is unprofitable.

CEO

M. Black (55 yo)

14.8yrs
Tenure
CA$11,329,862
Compensation

Mr. M. Lewis Black serves as Chairman of Almonty Industries Inc. He has been Chief Executive Officer of Woulfe Mining Corp. since June 2015 and serves as its President. Mr. Black serves as the President an...

Leadership Team

NamePositionTenureCompensationOwnership
M. Black
Chairman14.8yrsCA$11.33m7.23%
$ 349.6m
Jorge Beristain
Chief Financial Officerno datano datano data
Steven Allen
Chief Operating Officerless than a yearno data0.0070%
$ 340.3k
John Yi
President - Almonty Korea Tungsten5.3yrsno datano data
Ujin Choi
Project Managing Director of the Sangdong Mineno datano datano data
Antonio Correa de Sa
Chief Executive Officer of BTWno datano datano data
Guillaume de Luxembourg
Chief Development Officerno datano data0.0090%
$ 434.1k
Marion McGrath
Corporate Secretary9.3yrsno data0.0049%
$ 237.8k
2.9yrs
Average Tenure
56yo
Average Age

Experienced Management: ALM's management team is considered experienced (2.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
M. Black
Chairman14.8yrsCA$11.33m7.23%
$ 349.6m
Mark Trachuk
Independent Lead Director14.8yrsCA$687.15k0.41%
$ 19.7m
Daniel D'Amato
Non-Independent Director14.8yrsCA$1.43m1.67%
$ 80.5m
David Hanick
Director3yrsCA$461.75kno data
Gustave Perna
Independent Director1.3yrsCA$386.34k0.031%
$ 1.5m
Andrew Frazer
Independent Director5.1yrsCA$660.05k0.52%
$ 25.1m
Alan Estevez
Independent Director1.1yrsCA$411.58k0.026%
$ 1.2m
5.1yrs
Average Tenure
55yo
Average Age

Experienced Board: ALM's board of directors are considered experienced (5.1 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/12 22:28
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Almonty Industries Inc. is covered by 12 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob SekelskyAlliance Global Partners
Lawson WinderBofA Global Research
Nicholas GilesB. Riley Securities, Inc.