Almonty Industries Inc. today announced the filing of its audited annual consolidated financial statements, management's discussion & analysis and Annual Information Form for the year ended December 31, 2021. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial [...]
Almonty Industries Inc. is pleased to announce it is investigating the construction of a vertically integrated nano tungsten oxide downstream processing plant to supply the South Korean battery anode manufacturing industry and the execution of a letter of intent for the funding of the Sangdong Downstream Extension Project with the Company's [...]
Almonty Industries Inc. is pleased to advise that it has signed a memorandum of understanding with Korean Mine Rehabilitation and Resource Corporation and Hannae For T, Ltd to strengthen the South Korean domestic supply chain through the joint promotion of recycling of rare metals using scrap resources and tungsten concentrates to downstream to [...]
Almonty Industries Inc. is pleased to announce that following the recent announcement in relation to the imminent drawdown of the KfW loan to fund construction of the Sangdong Tungsten Mine , the Company has been approached and received firm commitments from an institutional investor who wanted to increase their stake in Almonty, to raise gross [...]
Almonty Industries Inc. is pleased to announce an update in relation to the KfW US$75.1 million loan facility. Almonty advises that it is in receipt of the completion of conditions precedent letter from KfW. Almonty has now satisfied all of the 110 conditions precedent. Once the balance of the equity has been transferred to the loan account held in [...]
Almonty Industries Inc. announces it has completed the second tranche of its non-brokered private placement of unsecured convertible debentures in the aggregate approximate principal amount of CDN$3,914,000 . All securities issued pursuant to the Debenture Offering are subject to resale restrictions for a period of four months expiring on March 23 [...]
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, 2021. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following [...]
Almonty Industries Inc. is pleased to provide an update of its progress at its South Korean site. Underground mine development is poised to hit 25% completion of the 3748.1m currently under construction. The Guest House next to the main office is now renovated and complete. It is currently occupied with members of our team and has capacity for up [...]
Dear Investors, On behalf of global leading tungsten producer and developer, Almonty Industries Inc.'s, I am very pleased to provide an update on activities at the Company's tungsten mines. Sangdong Tungsten Mine in South Korea The construction of Sangdong is on budget and on schedule. The road and river diversion is expected to be completed in [...]
Almonty Industries Inc. is pleased to announce the appointment of Mark Goodman to its Board of Directors. Founder of Stone Gold, Inc., Mark E. Goodman is a businessperson who has been at the head of nine different companies and currently occupies the position of Executive Chairman for Stone Gold, Inc. and Chief Executive Officer of Bellotti [...]
Almonty Industries Inc. Dear Investors, On behalf of global leading tungsten producer and developer, Almonty Industries Inc. , I am very pleased to announce the successful capital raising of A$15.25m and a dual listing on the ASX on 2nd August 2021. On behalf of the Board of Directors, I would like to welcome new shareholders to the Almonty share [...]
Almonty Industries Inc. advises that, 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 Corporation's Annual and Special Meeting of Shareholders held on June 10, 2021: Number of Directors The resolution fixing the number of directors of the [...]
