Almonty Industries Inc. (NASDAQ:ALM) is a top small-cap stock pick, with Oppenheimer giving it an Outperform rating and a $7.00 price target. The company has seen a 440% return over the past year and aims to become a leading tungsten producer outside of China and Russia.

Tungsten prices have surpassed $500/MTU due to increasing global defense spending and China’s export controls. Almonty plans to triple its output by 2027, potentially representing 40% of tungsten production among allied nations.

Almonty Industries Inc. (NASDAQ:ALM) is a tungsten mining company focusing on acquiring and optimizing underperforming tungsten assets in Spain, Portugal, and South Korea.

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Read more at Yahoo Finance: Almonty Industries (ALM) Banks on Sangdong Phase 1 Project to Accelerate Growth