** Tungsten producer Almonty Industries' ALM.O shares down 10.5% premarket on Fri to $18.50 after securing capital raise

** ALM announces pricing private offering of $700 mln 2.25% convertible bonds due 2031

** Initial conversion price of $27.40 represents 32.5% premium to stock's last sale of $20.68 on Thurs

** Co intends to use $50 mln of net offering proceeds to refinance debt and approx $543 mln for working capital and general purposes, including potential acquisitions

** It also plans to use $83 mln to fund capped call transactions to mitigate dilution; initial cap price is $41.36

** ALM listed in the U.S. last July after $90 mln IPO

** In 2026, co completed Phase 1 commissioning at its flagship Sangdong Mine in South Korea in March, and relocated its headquarters from Canada to Dillon, Montana, in April

** Through Thurs, ALM stock up 135% YTD for nearly $6 bln market cap. Stock closed at $4.77 in its Nasdaq debut