Almonty Industries Inc. (“Almonty” or the “Company”) (TSX-V: AII) today announced the filing of its unaudited interim condensed consolidated financial statements and management discussion & analysis for the three months ended December 31st, 2016. Unless otherwise indicated, all currency amounts contained in this news release [...]
Almonty today announced the filing of its audited consolidated financial statements, management discussion & analysis and annual information form for the year ended September 30, 2016. Unless otherwise indicated, all currency amounts contained in this news release are in thousands of Canadian dollars.
Almonty Industries announces that it has received the final surface permit in respect of its Sangdong Mine that now enables it to begin construction of the processing plant and the road and river diversion. The project is now fully permitted and the EPC contract expected to be signed within the next 4 weeks. Almonty also announces that it has [...]
Almonty Industries announces that it has entered several 1-year fixed price off-take agreements with its existing customers. The net price to be received under the contracts is US$210 per MTU of contained tungsten, equating to an effective APT price of US$269 per MTU (assuming an industry average discount factor). The current average spot market [...]
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 [...]
