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April 1st, 2025 | 12:30 CEST

Insider Buying: Almonty Industries CEO buys again

  • Mining
  • Tungsten
  • Investments
Photo credits: pixabay.com

Two purchases in just a few days - what is behind Lewis Black's confidence in his own company, and why could tungsten soon become the most strategically important metal in the Western world? In times of geopolitical tension, it is often the small signals that herald big things. On March 28 and again on March 31, 2025, Lewis Black, CEO of Almonty Industries Inc., announced that he had bought 50,000 shares of his own company on the stock exchange. Insider purchases like this are rarely a coincidence – they demonstrate conviction and deep confidence in the Company's future trajectory. For experienced investors, this is a strong signal: the man at the top truly believes in the story.

time to read: 1 minutes | Author: Mario Hose
ISIN: ALMONTY INDUSTRIES INC. | CA0203981034

Table of contents:


    Tungsten: The undervalued raw material with strategic importance

    Tungsten is considered one of the most critical metals of our time – indispensable for modern defense, aerospace, medical, and high-tech industries. It is extremely heat-resistant, hard, and durable – properties that are crucial for armor, drill heads, missiles, and even microtechnology.

    However, while demand in the Western world is increasing, the supply situation is alarming: More than 85% of global tungsten production comes from China, North Korea, Russia, and Iran – in other words, from countries whose strategic interests do not align with those of Western democracies. The US and Europe are increasingly being forced to establish alternative sources of supply to free themselves from this dangerous dependency.

    Almonty as part of the solution

    Almonty Industries is one of the few Western companies fully specialized in tungsten, with active projects in Portugal, Spain, and South Korea. The Korean Sangdong mine, once one of the world's largest tungsten deposits, is currently being revitalized and is nearing production. It could soon play a central role in supplying Western industries.

    Lewis Black's recent insider purchases are more than just symbolic. They show that management expects the Company to be strategically revalued, especially in light of geopolitical developments and the fact that Almonty is one of the few suppliers operating outside the sphere of influence of autocratic regimes.

    Conclusion: A strong signal for investors

    When the CEO himself buys – and does so twice within a few days – it is a clear sign that he sees great potential. Lewis Black also emphasized his role as an investor in his recent interview with Lyndsay Malchuk of Stockhouse.

    In a world where critical raw materials are becoming geopolitical levers, tungsten could assume the role of the "new oil" – and Almonty Industries could move to the center of international industrial and security strategies.

    For investors who focus on long-term trends and strategic values, now might be the right time to get in. Where is the journey headed? Sphene Capital recently confirmed a "Buy" recommendation with a target price of CAD 5.20.

    Almonty Industries Inc., 12-month chart in CAD from TSX, as of 31/03/2025, source: LSEG

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") currently hold or hold shares or other financial instruments of the aforementioned companies and speculate on their price developments. In this respect, they intend to sell or acquire shares or other financial instruments of the companies (hereinafter each referred to as a "Transaction"). Transactions may thereby influence the respective price of the shares or other financial instruments of the Company.
    In this respect, there is a concrete conflict of interest in the reporting on the companies.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
    For this reason, there is also a concrete conflict of interest.
    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.


    Der Autor

    Mario Hose

    Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.

    About the author



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