Almonty Industries Inc. wishes to provide a bi-weekly status update further to the management cease trade order issued by the Ontario Securities Commission dated April 1, 2021 in respect of the Company's securities under National Policy 12-203 - Management Cease Trade Orders . The MCTO only prohibits the Chief Executive Officer and the Chief [...]
Almonty Industries Inc. is pleased to announce that it has closed two previously anticipated private placements and secured binding commitments from existing shareholders and insiders on a convertible debenture. The private placements were agreed prior to the recent appreciation of the share price with existing European shareholders and the Company [...]
Almonty Industries Inc. announces that the Plansee Group has concluded the agreement to purchase 10,587,056 shares at $1.06 from Lewis Black as part of the previously contemplated transaction announced in December 2020. This transaction provided Almonty with both a US$20m cost overrun guarantee dedicated to the construction of the Sangdong project [...]
Almonty Industries Inc. wishes to provide a bi-weekly status update further to the management cease trade order issued by the Ontario Securities Commission dated April 1, 2021 in respect of the Company's securities under National Policy 12-203 - Management Cease Trade Orders . The MCTO only prohibits the Chief Executive Officer and the Chief [...]
Almonty Industries Inc. announces that it expects a delay of approximately 14 days in filing its audited annual financial statements, management's discussion and analysis and related officer certifications for the year ended December 31, 2020 which are required to be filed on March 31, 2021 . The expected delay is due to complications caused by the [...]
Almonty Industries Inc. is pleased to announce that the maturity dates for approximately $54.1 M of all its debt facilities have been extended. The bulk of this $54.1m is now maturing end of Q4 2023. The existing terms for all of the $54.1 M debt facilities have remained the same as they were previously which are interest only balloon facilities [...]
Almonty Industries Inc. is pleased to announce that it has now scheduled a start date of the week of April 12th, 2021 to commence a 12,500m drilling campaign to convert the existing historical data for its Sangdong Molybdenum Project into a NI 43-101 and JORC compliant report. The estimated time of this campaign is approximately 6 months to [...]
Almonty Industries Inc. is pleased to announce the expansion of its current Environmental, Social and Governance program at its Panasqueira mine in Portugal and at its Sangdong project in South Korea. At Panasqueira, a solar project is being implemented over the next 12 months, building a 2.52 MW facility to produce 4.1 million KWH per year which [...]
Almonty Industries Inc. is pleased to announce the closing of its private placement with existing European shareholders of 2,830,000 shares at CDN$0.75 per share and which is a continuation of the private placement conducted by Lewis Black and Deutsche Rohstoff AG at the beginning of this month. The use of proceeds of this placement will be to pay [...]
Almonty Industries Inc. is pleased to announce that the application for the secondary listing on the Australian Stock Exchange has begun with the estimate for the listing to be effective no later than April 2021. Almonty’s Chairman, President and CEO Lewis Black commented: “There has been overwhelming market interest in Australia for further [...]
Almonty Industries Inc. is pleased to announce the first two new additions to our team as the Company begins its transition toward a much greater focus on Korea and the greater Asian and Australian financial markets. These appointments will become effective February 1st, 2021. Firstly, we would like to welcome to our Board of Directors Mr. James [...]
Almonty Industries Inc. is pleased to announce that it has closed a non-brokered private placement raising gross proceeds of US$1,201,000 through the issuance of 2,050,251 shares at a price of CDN$0.75 per share representing a more than 17% premium to current market. Lewis Black, Chairman, President and CEO of Almonty, and Deutsche Rohstoff AG are [...]