Almonty Industries Inc. , is pleased to announce it has completed its third scheduled drawdown of the total US$75.1 million KfW IPEX-Bank project finance facility for its Sangdong Tungsten Mine , and to provide a project update from the Chairman of the Company. The total amount drawn under the Loan Facility now stands at US$26.7 million. The [...]
Almonty Industries Inc. today announced the filing of its unaudited interim condensed consolidated financial statements and management's discussion & analysis for the three and nine months ended September 30, 2022. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following [...]
Almonty Industries Inc. is pleased to announce an update in relation to the proposed nano tungsten oxide downstream processing plant. As announced on March 30, 2022, Almonty is investigating the construction of a vertically integrated nano tungsten oxide downstream processing plant to supply the South Korean battery anode and cathode manufacturing [...]
Almonty Industries Inc. is pleased to announce an operational and financing update in relation to its Sangdong Tungsten Mine, which is currently under construction in South Korea. Operational update Earlier this month, the Sangdong region where the Company's Sangdong Mine is located in South Korea, was hit by some of the heaviest rain in decades [...]
Almonty Industries Inc. today announced the filing of its unaudited interim condensed consolidated financial statements and management's discussion & analysis for the three and six months ended June 30, 2022. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial [...]
Almonty Industries Inc. today announced receipt of the first drawdown of US$12,818,081 on the KfW-IBEX Bank US$75.1 million project financing loan facility. Lewis Black, Chief Executive Officer of Almonty commented: "The Company has achieved its target of securing and deploying a tier 1 loan for its tier 1 tungsten project. Work will now accelerate [...]
Almonty Industries Inc. is pleased to announce a maiden JORC 2012-compliant Inferred Mineral Resource Estimate of 21.48Mt @ 0.26% MoS2 at the 0.19% MoS2 reporting cut-off for the Almonty Korea Moly Project , which is located on the existing Sangdong Tungsten Mine, which is currently under construction in South Korea. Almonty's Chairman, President [...]
Almonty Industries Inc. is pleased to announce that it has received from KfW-IPEX Bank the fully executed utilization request for the first drawdown of US$12,818,081 from the US$75.1M facility. The mortgage registration has now commenced in South Korea and, upon completion, the first drawdown funds will be sent to Almonty Korea Tungsten. Lewis [...]
In accordance with Section 11.3 of National Instrument 51-102, Continuous Disclosure Obligations, the following is a report of the matters voted on at the Company's Annual and Special Meeting of Shareholders held on June 30, 2022: Common Shares represented at the Meeting: 97,480,494 Total issued and outstanding Common Shares as at Record Date [...]
Almonty Industries Inc. is pleased to announce the closing of a private placement of 2,494,118 Chess Depository Interests at A$0.85 per CDI to raise gross proceeds of A$2.12 million with the Company's third largest shareholder Deutsche Rohstoff. The use of proceeds of this Placement will be for general working capital prior to the drawdown of the [...]
Almonty Industries Inc. announced the filing of its unaudited interim condensed consolidated financial statements and management's discussion & analysis for the three months ended March 31, 2022. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial information is [...]
Almonty Industries Inc. is pleased to announce the closing of its private placement to Directors of Almonty, existing shareholders and other insiders of 2,852,251 common shares at CDN$0.94 per share and 1,428,571 Units at US$0.70 per Unit to raise gross proceeds of approximately US$3.3 million. Each Unit of the 1,428,571 units will be comprised of [...]
