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 [...]
Almonty Industries Inc. is pleased to announce an end-of-year update. Almonty Korea Tungsten Sangdong project – After the previously announced execution of the loan agreements, the Company wishes to update the market on its current status. The Monty B portal has been completed on time and was increased from 120m to 131.1m. The office/Laboratory has [...]
Almonty Industries Inc. is pleased to announce the execution of the Facility Agreement and the Completion Agreement with KfW-IPEX Bank GmbH for the US$75.1 million project financing for its wholly-owned Sangdong Mine located in South Korea. In addition, the Company also announces the execution of a US$20 million Cost Overrun guarantee and the [...]
Almonty Industries Inc. today announced the filing of its unaudited interim consolidated financial statements and management’s discussion & analysis for the three and nine months ended September 30, 2020. 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 provide an update for its wholly-owned Sangdong Mine located in South Korea. The Company reports that it has received, from the South Korean government, an extension of its Extraction Rights permit to July 1, 2031. In addition, once the Company finalizes its US$75 million project financing with the KfW-IPEX [...]
Almonty Industries Inc. today announced the filing of its unaudited interim consolidated financial statements and management’s discussion & analysis for the three and six months ended June 30, 2020. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial information [...]
Almonty Industries Inc. is pleased to provide its second update regarding its US$75 million Project Financing with the KfW-IPEX Bank for its wholly-owned Sangdong Mine. The Company reports that it has now finalized the facility agreement with KfW. The facility agreement was the final piece prior to close which will now occur when the Conditions [...]
Almonty Industries Inc. is pleased to provide an update regarding its US$75 million Project Financing with the KfW-IPEX Bank for its wholly-owned Sangdong Mine. The Company reports that it is has now finalized the completion agreement with KFW. Finalization of the Facility Agreement is now expected to follow imminently and the Conditions Precedent [...]
