News & Videos - ALMONTY INDUSTRIES INC. - Page 2

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis (“MD&A”) for the three and six months ended June 30, 2022. 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 six...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announced receipt of the first drawdown of US$12,818,081 on the KfW-IBEX Bank US$75.1 million project financing loan facility. Lewis Black, Chief Executive Officer of Almonty commented: “The Company has achieved its target of securing and deploying a tier 1 loan for its tier 1 tungsten project. Work will now accelerate at the Company’s Sangdong Mine site in Sangdong,...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce a maiden JORC 2012-compliant Inferred Mineral Resource Estimate ( MRE ) of 21.48Mt @ 0.26% MoS2 at the 0.19% MoS 2 reporting cut-off for the Almonty Korea Moly Project ( AKM Project ), which is located on the existing Sangdong Tungsten Mine, which is currently under construction in South Korea. Almonty’s Chairman, President and CEO Lewis Black commented:...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that it has received from KfW-IPEX Bank the fully executed utilization request for the first drawdown of US$12,818,081 from the US$75.1M facility. The mortgage registration has now commenced in South Korea and, upon completion, the first drawdown funds will be sent to Almonty Korea Tungsten. Lewis Black, President and Chief Executive Officer of Almonty...

In accordance with Section 11.3 of National Instrument 51-102, Continuous Disclosure Obligations, the following is a report of the matters voted on at the Company’s Annual and Special Meeting of Shareholders held on June 30, 2022: Common Shares represented at the Meeting: 97,480,494 Total issued and outstanding Common Shares as at Record Date: 213,486,376 Total Shareholders Voted by Proxy: 67 Percentage of issued and outstanding Common Shares represented: 45.66% (a) Number of Directors The...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce the closing of a private placement of 2,494,118 Chess Depository Interests (“ CDIs ”) at A$0.85 per CDI to raise gross proceeds of A$2.12 million (“ Placement ”) with the Company’s third largest shareholder Deutsche Rohstoff. The use of proceeds of this Placement will be for general working capital prior to the drawdown of the KfW-IPEX Bank...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis (“MD&A”) for the three months ended March 31, 2022. 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...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce the closing of its private placement to Directors of Almonty, existing shareholders and other insiders of 2,852,251 common shares at CDN$0.94 per share and 1,428,571 Units at US$0.70 per Unit to raise gross proceeds of approximately US$3.3 million (“ Placement ”). Each Unit of the 1,428,571 units will be comprised of one common share and one-half share...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis (“MD&A”) and Annual Information Form (“AIF”) for the year ended December 31, 2021. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial information is for the years...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce it is investigating the construction of a vertically integrated nano tungsten oxide downstream processing plant ( Sangdong Downstream Extension Project ) to supply the South Korean battery anode manufacturing industry and the execution of a letter of intent ( LOI ) for the funding of the Sangdong Downstream Extension Project with the Company’s existing...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to advise that it has signed a memorandum of understanding (“ MOU” ) with Korean Mine Rehabilitation and Resource Corporation (“ KOMIR ”) and Hannae For T, Ltd (“ Hannae ”) to strengthen the South Korean domestic supply chain through the joint promotion of recycling of rare metals (such as Tungsten and Molybdenum) using scrap resources and tungsten...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that following the recent announcement in relation to the imminent drawdown of the KfW loan to fund construction of the Sangdong Tungsten Mine (refer ASX / TSX announcement 7 February 2022), the Company has been approached and received firm commitments from an institutional investor who wanted to increase their stake in Almonty, to raise gross proceeds of...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce an update in relation to the KfW US$75.1 million loan facility. Almonty advises that it is in receipt of the completion of conditions precedent letter from KfW. Almonty has now satisfied all of the 110 conditions precedent. Once the balance of the equity has been transferred to the loan account held in Korea by Almonty Korea Tungsten Company (AKTC) and the...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces it has completed the second tranche of its non-brokered private placement of unsecured convertible debentures in the aggregate approximate principal amount of CDN$3,914,000 (the “ Debenture Offering ”). All securities issued pursuant to the Debenture Offering are subject to resale restrictions for a period of four months expiring on March 23, 2023. Almonty intends...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis (“MD&A”) for the three and nine months ended September 30, 2021. 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...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to provide an update of its progress at its South Korean site. Underground mine development is poised to hit 25% completion of the 3748.1m currently under construction. The Guest House next to the main office is now renovated and complete. It is currently occupied with members of our team and has capacity for up to 24 visiting personnel from our Panasqueira and Los...

The following release has been released earlier this morning in Australia on the ASX: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210913005299/en/ (Graphic: Business Wire) Dear Investors, On behalf of global leading tungsten producer and developer, Almonty Industries Inc’s (“Almonty” or the “Company”) (ASX:AII / TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), I am very pleased to provide an update on activities at the...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce the appointment of Mark Goodman to its Board of Directors. Founder of Stone Gold, Inc., Mark E. Goodman is a businessperson who has been at the head of nine different companies and currently occupies the position of Executive Chairman for Stone Gold, Inc. and Chief Executive Officer of Bellotti Goodman, Inc. Mr. Goodman is also on the board of Cranstown...

Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis (“MD&A”) for the six months ended June 30, 2021. 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 six months ended...

Almonty Industries Inc. (ASX:AII) (TSX:AII) (OTCQX:ALMTF) (FWB:ALI.F): Dear Investors, On behalf of global leading tungsten producer and developer, Almonty Industries Inc. (“Almonty” or the “Company”) (ASX:AII / TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), I am very pleased to announce the successful capital raising of A$15.25m and a dual listing on the ASX on 2nd August 2021. On behalf of the Board of Directors, I would like to welcome new shareholders to the Almonty share register as...