Almonty Industries Inc.

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 list is now over 60% complete. Almonty’s Chairman, President and CEO Lewis [...]

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 six-month period ended June 30, 2020. The Company’s Management’s Discussion & Analysis [...]

The matters voted on at the meeting and the results of the voting were as follows: Number of Directors The resolution fixing the number of directors of the Corporation at five was passed. Election of Directors By a vote conducted by way of a ballot, the five nominees proposed as directors were elected to hold office until the next annual meeting of shareholders or until his successor is duly elected or appointed. The [...]

Almonty Industries Inc. announces it has completed a non-brokered private placement of secured convertible bonds in the principal amount of EUR 3,250,000 as well as a secured loan of US$500,000 for a total of Cdn$5,680,000. All securities issued pursuant to the Bond Offering are subject to a six month non-exercise period expiring on January 14th, 2021. Almonty intends to use the net proceeds of the Bond Offering for [...]

Almonty Industries Inc. today announced the filing of its unaudited interim consolidated financial statements and management’s discussion & analysis for the three months ended March 31, 2020. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial information is for the three months ended March 31, 2020 and 2019: Three months ended [...]

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 period ended March 31, 2020. The Company’s Management Discussion & Analysis [...]

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 Los Santos Mine in Spain and 185 kilometers from Salamanca. This new land [...]

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 atop of Taebaek Level and Sangdong Level , where mining activities for [...]

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 Chairman, President and CEO Lewis Black commented: “With our shares now [...]

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 and is expected to be approved within two weeks. The overall process [...]