07:08 AM EDT, 07/03/2025 (MT Newswires) -- Almonty Industries ( ALMTF ) , a global producer of tungsten concentrate that saw its shares drop more than 3% on Wednesday, said it implemented a 1.5-for-1 reverse stock split to facilitate a potential Nasdaq listing.

The company, earlier Thursday said it expects that the shares will begin trading on a post-consolidation basis on July 7 on the Toronto Stock Exchange. It expects to have about 195.9 million shares, including CHESS Depositary Interests, outstanding following the consolidation, subject to rounding for any fractional shares.

Shares of the company closed down $0.15 to $4.33 on Wednesday on the TSX.