Almonty Industries Inc.

Almonty Industries Inc. announces that it has closed the first tranche of its private placement previously announced on November 27, 2019 , by issuing 1,120,000 units for aggregate gross proceeds of $711,200. Each unit was priced at $0.635 per unit and is comprised of one common share of the Company and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of [...]

Almonty Industries Inc. is pleased to announce a non-brokered private placement raising gross proceeds of up to $1,300,000 through the issuance of up to 2,047,244 units at a price of $0.635 per unit. Each unit will be comprised of one common share of the Company and one share purchase warrant with each share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.75 per [...]

Almonty Industries Inc. today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and twelve months ended September 30, 2019. The Company provided notice, pursuant to Section 4.8 of National Instrument 51-102, that it has determined to change its financial year-end from September 30 to December 31 in order to allow it to [...]

Almonty Industries Inc. is pleased to announce that it has entered into an Amended and Restated Loan Agreement with Unicredit Bank AG . The Company has restructured its existing debt with the Unicredit Bank AG such that the existing Term and Revolving loans with a total principal amount of approximately US$13.7 million will be rolled into a new, Restated Term Loan with a principal amount of US$15,650,000. The Restated [...]

Almonty Industries Inc. provides an update on operational development at its wholly owned mines in Portugal, Spain and South Korea: The Panasqueira Mine in Portugal announces that the second tailings dam has been completed and is ready for operation. The completion of the second tailings dam will enable Panasqueira to process and store tailings for another 6 years at the rate of 800,000 ton mining per annum. &euro [...]

Almonty Industries Inc. announces that it has executed an engagement agreement with KB Securities , one of the top tier securities companies in Korea and a wholly-owned subsidiary of KB Bank, for the lead management of the potential secondary listing of Almonty on the KOSDAQ section of the Korean Exchange . For the listing of Almonty on the KOSDAQ, KB has conducted preliminary meetings with the KRX, site visits to [...]

Almonty Industries Inc. announces that it has executed an engagement agreement with KB Securities , one of the top tier securities companies in Korea and a wholly-owned subsidiary of KB Bank, for the lead management of the potential secondary listing of Almonty on the KOSDAQ section of the Korean Exchange . For the listing of Almonty on the KOSDAQ, KB has conducted preliminary meetings with the KRX, site visits to [...]

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 June 30, 2019. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial information is for the three and nine months ended June 30, 2019 and [...]

Almonty Industries Inc. is pleased to announce that it has obtained the clearance and acceptance by the Lending Bank of the final technical due diligence report on the Sangdong Mine Development Project submitted by the Independent Engineer. The final acceptance of the Independent Engineer’s report signifies the clearance of certain pending issues related to compliance with the Equator Principles and, therefore, the [...]

Almonty Industries Inc. ) announces that it has signed a Power Supply and Consumption Agreement with Korea Electric Power Corporation for the construction and supply of a power line to the Sangdong Tungsten Mine located in the Republic of Korea. The Power Supply and Consumption Agreement, entered into on May 29, 2019 between Almonty Korea Tungsten Corp. , a wholly-owned subsidiary of Almonty, and KEPCO, a state-owned [...]