On September 1, Almonty Industries Inc. (NASDAQ Uplisting) fell 5.05% in pre-market trading to $16.90 per share, with turnover of $879,900.

On the news front, the company was officially removed from the Australian Securities Exchange at the close of trading on September 1, following the suspension of its Chess Depositary Interests on August 29. The delisting, first announced in late July after CDI holdings fell to roughly 0.8% of total issued shares, has created passive adjustment pressure for cross-market positions. Almonty's common shares continue to trade on the Nasdaq and the Frankfurt Stock Exchange.

Additionally, after the U.S. tungsten scrap export ban officially took effect on August 28, the stock encountered a classic sell-the-news reaction. Having rallied approximately 70% in August — fueled by robust Q2 earnings that beat estimates by over 500%, a $300 million buyback program, and strong tungsten market fundamentals — the shares have faced sustained profit-taking. Broader sector weakness compounded the decline, with MP Materials down 2.1%, USA Rare Earth down 3.54%, BHP Billiton down 0.91%, and Rio Tinto down 0.5%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)