Almonty to Delist from ASX, Consolidating Trading on Nasdaq
ALM has more than doubled off its 52-week low of $3.16.
Summary
Almonty Industries will voluntarily delist from the ASX on September 1, 2026, consolidating trading on Nasdaq after its earlier TSX delisting. ASX CDIs represent only ~0.80% of shares, and the move aims to cut costs and administrative burden.
Key Events · Corporate Governance and Compliance · ALM
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ASX Delisting Announced
Almonty received ASX approval to voluntarily delist, effective September 1, 2026, with CDI trading suspended August 28, 2026.
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Consolidation to Nasdaq
Following the TSX delisting (effective July 31, 2026), the ASX exit leaves Nasdaq as the primary trading venue, with Frankfurt as a secondary listing.
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Minimal ASX Shareholder Base
ASX CDIs represent only ~0.80% of total issued shares, with average daily trading volume of just 19,432 CDIs over the last three months, versus 6.4 million shares on Nasdaq/TSX.
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Sale Facilities for CDI Holders
CDI holders can convert to Nasdaq shares on a 1:1 basis, sell on ASX before August 28, or participate in a Voluntary Sale Facility (opens September 8) or Compulsory Sale Facility (opens November 9) to liquidate holdings.
Analysis · ALM · Energy & Transportation
Almonty is voluntarily delisting from the Australian Securities Exchange (ASX), following its earlier TSX delisting announcement. The ASX delisting, effective September 1, 2026, will leave Nasdaq as the primary trading venue. ASX CDIs represent only ~0.80% of shares, with negligible trading volume, making the move a cost-saving consolidation. CDI holders will have options to convert to Nasdaq-listed shares or sell via voluntary/compulsory facilities. This is a governance streamlining step, not a distress signal, but the dual delisting within weeks underscores a strategic pivot to a single U.S. listing.
At the time of this filing, ALM was trading at $14.01 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $4B. The 52-week trading range was $3.16 to $24.41. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.