Almonty Industries announces that it has repaid the outstanding CAD$6,549,518 loan and accrued interest that was owed to TaeguTec Ltd. effectively releasing any and all security held by TaeguTec over the Sangdong Mine project. The loan was due on December 31, 2016. In addition to the repayment, Almonty and TaeguTec have terminated all the other [...]
Almonty Industries Inc. (“Almonty” or the “Company”) (TSXV: AII) announces that it intends to initiate a Normal Course Issuer Bid (the “Bid”), subject to the approval of the TSX Venture Exchange (“TSXV”). The Company intends to purchase, from time to time, as it considers advisable, up to 7,331,011 [...]
Almonty Industries Inc. (TSX-V:AII) (“Almonty”) previously announced on 26 July 2016 that ATC Alloys Ltd. ACN 118 738 999 (“ATC”) and Almonty had entered into a Binding Heads of Agreement (“HOA”) pursuant to which Almonty conditionally agreed to make a recommended off-market takeover offer under the Australian [...]
Almonty Industries today announced the filing of its unaudited interim consolidated financial statements and management discussion & analysis as at and for the three and nine-month periods ended June 30th, 2016. Unless otherwise indicated, all currency amounts contained in this news release are in thousands of Canadian dollars. Highlights for the [...]
Almonty Industries Inc. (“Almonty”) (TSXV: AII) announces that it has closed its previously announced private placement of 5,600,000 of common shares at a price of $0.35 per common share for gross proceeds to Almonty of $1,960,000 (the “Offering”). The Offering was made in conjunction with the revised off-market takeover [...]
Almonty Industries Inc. (“Almonty”) (TSXV: AII) announces that it intends to proceed with a private placement of 5,600,000 common shares at a price of $0.35 per common share for gross proceeds to Almonty of $1,960,000 (the “Offering”). The Offering forms part of the capital raising previously announced by Almonty in [...]
Almonty Industries Inc. (“Almonty” or the “Company”) (TSXV: AII) announces that it has closed the first tranche of its previously announced private placement issuing AUD$500,000 of unsecured convertible debentures (the “Debentures”). The Debentures will mature two (2) years from the date of issue, will bear [...]
Almonty Industries Inc. (TSX-V: AII): The binding Letter of Commitment with the Korea Development Bank for a term loan facility in the amount of KRW50 billion (CAD$57.9 million) to be utilized for the build-out of the Sangdong Tungsten Mine. The updated reserve estimate of 7,896,000 tonnes at a grade of 0.45% WO3 represents an increase in the [...]
Almonty Industries Inc. (TSX-V:AII) (“Almonty” or the “Company”) is pleased to announce that it intends to proceed with a private placement (the “Offering”) of up to $1,000,000 principal amount of secured convertible debentures of the Company (the “Debentures”). The Debentures will mature two (2 [...]
ATC Alloys Ltd. (ASX:ATA) (“ATC”) and Almonty Industries Inc. (TSX-V:AII) (“Almonty”) previously announced on 31 May 2016 that ATC and Almonty had entered into a Binding Heads of Agreement (“HOA”) pursuant to which Almonty agreed to make a recommended off-market takeover offer under the Australian Corporations [...]
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX-V:AII) today announced that it has made a final installment payment of €300,000 and now owns a 51% interest in the Valtreixal tin-tungsten project located in northwestern Spain (installment payments to date total €1,400,000 for the 51% ownership interest [...]
ATC Alloys and Almonty Industries jointly announce that ATC and Almonty have entered into a Binding Heads of Agreement (“HOA”) pursuant to which Almonty has agreed to make a recommended off-market takeover offer under the Corporations Act 2001 (Cth) for all of the issued, and to be issued, shares of ATC (the “Offer”). This [...]