Almonty Industries Inc. announces that it has received, from the Municipality of Pedralba de la Paraderia in Spain, a new land classification for its Valtreixal Property whereby the property is now deemed to be suitable for extraction activity. The Company’s Valtreixal Property is located approximately 250 kilometers from the Company’s wholly-owned [...]
Almonty Industries Inc. announces the finalization of the plant layout and configuration upon the fixing of the location of the backfill plant at the site of the Sangdong Mine, Almonty’s wholly-owned mine in South Korea. The location of the backfill plant of approximately 1,300 m2 is determined at a 730-meter altitude near the Baegun adit, sitting [...]
Almonty Industries Inc. announces the start of trading of Almonty shares on Xetra, the electronic trading system of Deutsche Börse AG in Germany . mwb Wertpapierhandelsbank AG, as designated sponsor, will handle the trading of Almonty‘s shares with immediate effect and therefore contribute to increased liquidity and a higher turnover. Almonty’s [...]
Almonty Industries Inc. announces the completion and delivery of the basic engineering work by Metso Corporation for the crushing and grinding units of the processing plant of Almonty Korea Tungsten , Almonty’s wholly-owned subsidiary in South Korea, on the 15th of May, 2020. This engineering work is now under review by the Almonty technical team [...]
Almonty Industries Inc. announces that due to logistics and delays caused by the COVID-19 virus, it is relying on the exemption provided in Ontario Instrument 51-502 of the Ontario Securities Commission to postpone the filing of the following continuous disclosure documents : The Company’s Unaudited Interim Financial Statements for the three-month [...]
Almonty Industries Inc. today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis and AIF for the fifteen months ended December 31, 2019. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. During the fifteen months ended [...]
Almonty Industries Inc. announces the execution of a Memorandum of Understanding amongst Gangwon Provincial Government, Yeongwol County Government and Almonty Korea Tungsten , Almonty’s wholly-owned subsidiary in South Korea, on the 7th of May, 2020. The MOU was signed in the Office of the Gangwon Provincial Government by Governor Moon-Soon Choi [...]
Almonty Industries Inc. announces that, further to its news release dated March 27, 2020, due to logistics and delays caused by the COVID-19 virus, it is relying on the exemption provided in Ontario Instrument 51-502 of the Ontario Securities Commission to postpone the filing of the following continuous disclosure documents : The Company’s Annual [...]
Almonty Industries Inc. announces that due to logistics and delays caused by the COVID-19 virus, it is relying on the exemption provided in Ontario Instrument 51-502 of the Ontario Securities Commission to postpone the filing of the following continuous disclosure documents : The Company?s Annual Audited Financial Statements for the fifteen-month [...]
Almonty Industries Inc. announces that, in response to numerous queries and expressions of concern from investors and shareholders, it provides the up-to-date status and development at its wholly-owned Sangdong Mine located in South Korea with regard to the recent evolvement and spreading of Coronavirus-19 . Lately, the COVID-19 situation in Korea [...]
Almonty Industries Inc. announces it has completed a non-brokered private placement of a secured convertible debenture in the principal amount of US$2,000,000 . All securities issued pursuant to the Debenture Offering are subject to resale restrictions for a period of four months expiring on July 7, 2020. Almonty intends to use the net proceeds of [...]
Almonty Industries Inc. is pleased to announce that it has now received notification that the preliminary ECA cover has been issued by OeKB which is underpinning the recently announced binding commitment for the project finance loan of US$76,000,000 from KfW IPEX-Bank. Loan documents are now being drafted and prepared to move to financial closing [...]