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LATEST NEWS FROM Almonty Industries

November 21, 2023
Almonty Industries to Receive the US$13.7 Million Sixth Drawdown from KfW IPEX-Bank
TORONTO / Nov 21, 2023 / Business Wire / Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), through its wholly-owned South Korean subsidiary, Almonty Korea Tungsten Corporation (“AKTC”), is pleased to announce that it has received a fully... Read More
November 14, 2023
Almonty Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Nine Months Ended September 30, 2023 and $1.74M in Positive EBITDA From Mining...
TORONTO / Nov 14, 2023 / Business Wire / 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”)... Read More
October 6, 2023
Almonty Industries Placement of Common Share Units and CDI’s raises C$500,000, US$733,333 and A$550,000
TORONTO / Oct 06, 2023 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that the Company has received firm commitments to raise gross proceeds of C$500,000, US$733,333 and A$550,000 via the issuance... Read More
July 31, 2023
Almonty Industries Provides Sangdong Mine Construction Update
HIGHLIGHTS Further equipment arrived in South Korea and at site at Sangdong including Protection screen and reclaim feeders shipments arrived. Scalping works at the Processing Plant site completed, currently in the verification stage. Receipt of Fifth Drawdown from KfW IPEX-Bank of US$9.8 million.... Read More
July 11, 2023
Almonty Industries Partners with Korea Telecom to Revolutionize Mine Safety While Also Demonstrating Commitment to ESG Compliance
Almonty and Korea Telecom collaboration introduces revolutionary Mine Safety DX technology to augment responsible and sustainable mining practices at Almonty’s Sangdong Mine TORONTO / Jul 11, 2023 / Business Wire / Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX:... Read More
June 26, 2023
Almonty Industries Annual General and Special Meeting of Shareholders Report of Voting Results
TORONTO / Jun 26, 2023 / Business Wire / 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 General and Special Meeting of Shareholders held on June 26, 2023: Common Shares... Read More
May 15, 2023
Almonty Industries: Plans to Reopen Los Santos Mine Utilizing Our Flotation Technology Developed for Our Sangdong Tungsten Mine
TORONTO / May 15, 2023 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce that plans are now well advanced to reopen the former producing mine in Spain, Los Santos. Los Santos has been in planned... Read More
May 12, 2023
Almonty Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three Months Ended March 31, 2023 and $1.1M in Positive EBITDA from Mining...
TORONTO / May 12, 2023 / Business Wire / 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”)... Read More
JuniorMiningNetwork
May 1, 2023
Almonty Industries: Construction Update at Sangdong Tungsten Mine
Highlights Delivery of all long lead time equipment from Metso Outotec in Europe to South Korea is nearing completion. 99% of all equipment related to the Ball Mill and SAG Mill has arrived in South... Read More
April 3, 2023
Fourth Sangdong Tungsten Mine Loan Facility Drawdown
Highlights: US$5.6 million drawdown of KfW IPEX-Bank project finance facility completed fourth scheduled drawdown; Total drawn under KfW IPEX-Bank facility now stands at US$32.3 million of the total US$75.1 million facility; Sangdong mine construction remains on track for commissioning in 2024 and... Read More
April 3, 2023
Almonty Industries Announces the Filing of Its Audited Annual Consolidated Financial Statements, MD&A and AIF for the Year Ended December 31, 2022 and $3.8m in Positive EBITDA From Mining...
TORONTO / Apr 03, 2023 / Business Wire / 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 AIF for the... Read More
March 22, 2023
Successful Placement of CDI’s Raises A$3.5 Million
TORONTO / Mar 22, 2023 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that the Company has received firm commitments, primarily from existing Australian institutional investors, to raise gross... Read More
February 17, 2023
Proposed Extension of Warrants
TORONTO / Feb 17, 2023 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) announces that it plans to extend, in the aggregate, the term of 700,000 outstanding warrants by one year. The warrants are due to expire on February... Read More
January 24, 2023
Successful Placement of CDI’s Raises A$2.0 Million
TORONTO / Jan 24, 2023 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that the Company has received firm commitments, primarily from existing Australian institutional investors who requested to... Read More
September 21, 2022
Almonty Industries: Sangdong Downstream Extension Project Progressing
TORONTO / Sep 21, 2022 / Business Wire / Almonty Industries Inc. (" Almonty " or the " Company ") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce an update in relation to the proposed nano tungsten oxide downstream processing plant. As announced on March 30, 2022,... Read More
August 24, 2022
Almonty Industries: Sangdong Mine Operational Update and Second KfW Drawdown received
TORONTO / Aug 24, 2022 / Business Wire / Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce an operational and financing update in relation to its Sangdong Tungsten Mine, which is currently under construction in... Read More
August 12, 2022
Almonty Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three and Six Months Ended June 30, 2022 and Another Quarter of Positive EBITDA...
TORONTO / Aug 12, 2022 / Business Wire / 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”)... Read More
July 28, 2022
Almonty Announces Receipt of the First Drawdown Amount of US$12,818,081 With the Next Drawdown of US$4,840,524 Now Scheduled for August 11, 2022
TORONTO / Jul 28, 2022 / Business Wire / 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,... Read More
July 18, 2022
Significant Maiden Molybdenum Resource Defined Adjacent to the Tungsten Orebody at Sangdong Mine in South Korea
TORONTO / Jul 18, 2022 / Business Wire / 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... Read More
July 5, 2022
Almonty Industries Announces Receipt of the Fully Executed Utilization Request for the First Drawdown of the US$75.1M Facility
TORONTO / Jul 05, 2022 / Business Wire / 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... Read More
June 30, 2022
Almonty Annual and Special Meeting of Shareholders Report of Voting Results
TORONTO / Jun 30, 2022 / Business Wire / 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... Read More
June 7, 2022
Almonty Industries Raises a Further A$2.12 M in Private Placement to Advance Ongoing Growth Opportunities
TORONTO / Jun 07, 2022 / Business Wire / 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... Read More
May 13, 2022
Almonty Industries Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three Months Ended March 31, 2022 and a Return to Positive EBITDA From...
TORONTO / May 13, 2022 / Business Wire / 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”)... Read More
May 11, 2022
Almonty Industries Raises US$3.3M From Insiders and Existing Shareholders to Satisfy Final Plansee/GTP Condition Precedent to the Financial Closing of KfW US$75.1 Million Finance Facility – Drawdown...
TORONTO / May 11, 2022 / Business Wire / 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... Read More
March 30, 2022
Almonty Industries Announces the Filing of Its Audited Consolidated Financial Statements, MD&A and AIF for the Year Ended December 31, 2021
TORONTO / Mar 30, 2022 / Business Wire / 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... Read More
March 30, 2022
Almonty Industries Investigating the Construction of a Vertically Integrated Nano Tungsten Oxide Downstream Processing Plant to Supply South Korean Battery Anode and Cathode Manufacturing Industry
TORONTO / Mar 30, 2022 / Business Wire / 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... Read More
March 28, 2022
Almonty Signs MOU With South Korean Government & Global Leading Rare Metal Recycling Company to Strengthen South Korea’s Domestic Supply Chain
TORONTO / Mar 28, 2022 / Business Wire / 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... Read More
February 22, 2022
Almonty Industries: Successful Placement of CDIs Following Approach by Institutional Investor
TORONTO / Feb 22, 2022 / Business Wire / 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... Read More
February 7, 2022
Almonty Industries Announces Drawdown of KfW US$75 Million Loan Imminent Following Satisfaction of All Conditions Precedent
TORONTO / Feb 07, 2022 / Business Wire / 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... Read More
November 22, 2021
Almonty Industries Inc. Completes Financing Transaction of $3.9 Million
TORONTO / Nov 22, 2021 / Business Wire / 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... Read More
November 17, 2021
Almonty Industries Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three and Nine Months Ended September 30, 2021
TORONTO / Nov 17, 2021 / Business Wire / 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”)... Read More
October 27, 2021
Almonty Industries Inc. Provides an Operational Update for Its Sangdong Tungsten and Moly Mines
TORONTO / Oct 27, 2021 / Business Wire / 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... Read More
September 13, 2021
An Operational Update From Almonty Industries Inc. Released Earlier This Morning on the ASX
TORONTO / Sep 13, 2021 / Business Wire / The following release has been released earlier this morning in Australia on the ASX: 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 /... Read More
August 25, 2021
Almonty Industries Announces the Appointment of a New Director
TORONTO / Aug 25, 2021 / Business Wire / 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... Read More
August 16, 2021
Almonty Industries Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Six Months Ended June 30, 2021
TORONTO / Aug 16, 2021 / Business Wire / 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”)... Read More
August 3, 2021
Almonty Industries Commences Trading on the ASX
TORONTO / Aug 03, 2021 / Business Wire / 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),... Read More
June 14, 2021
Annual and Special Meeting of Shareholders of Almonty Industries Inc. Report of Voting Results
TORONTO / Jun 14, 2021 / Business Wire / Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) advises that, in accordance with Section 11.3 of National Instrument 51-102, Continuous Disclosure Obligations, the following is a report of the matters... Read More
May 31, 2021
Almonty Announces a Sangdong Update and the Appointment of New Director in Anticipation of the Application for ASX Listing
TORONTO / May 31, 2021 / Business Wire / Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce the appointment of Andrew Frazer to its Board of Directors. The appointment of Mr. Frazer to our board is in anticipation of our... Read More
May 17, 2021
Almonty Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three Months Ended March 31, 2021
TORONTO / May 17, 2021 / Business Wire / Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: 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... Read More
May 14, 2021
Almonty Announces the Filing of Its Audited Annual Consolidated Financial Statements, MD&A and AIF for the Year Ended December 31, 2020
TORONTO / May 14, 2021 / Business Wire / Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis (“MD&A”) and Annual Information Form... Read More
April 26, 2021
Almonty Industries Inc. Provides an Operational Update for Its Sangdong Tungsten and Moly Mines
TORONTO / Apr 26, 2021 / Business Wire / Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to update progress at its Korean site. The concrete batch plant is now completed. This plant will provide service to all underground mine development and to the... Read More
April 23, 2021
Almonty Industries Provides Bi-Weekly Status Update on Status of Filing Delay
TORONTO / Apr 23, 2021 / Business Wire / Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) wishes to provide a bi-weekly status update further to the management cease trade order (“ MCTO ”) issued by the Ontario Securities Commission dated April... Read More
April 20, 2021
Almonty Industries Inc. Announces That It Now Has Cash in Hand and Binding Commitments From Existing Shareholders and Insiders of US$9,590,000. The Company Also Announces the Prospectus for...
TORONTO / Apr 20, 2021 / Business Wire / Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce that it has closed two previously anticipated private placements and secured binding commitments from existing shareholders and... Read More
April 20, 2021
Almonty Industries: Lewis Black and the Plansee Group Conclude Share Sale/Purchase Prior to KfW IPEX Bank Financial Close for the Construction of the Sangdong Tungsten Mine
TORONTO & REUTTE, Austria / Apr 20, 2021 / Business Wire / Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) announces that the Plansee Group has concluded the agreement to purchase 10,587,056 shares at $1.06 from Lewis Black as part of the... Read More
March 26, 2021
Almonty Industries Announces Expected Delay in Filing 2020 Financial Results Due to Unprecedented COVID-19 Disruption in Portugal
TORONTO / Mar 26, 2021 / Business Wire / Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F)announces that it expects a delay of approximately 14 days in filing its audited annual financial statements, management’s discussion and analysis and... Read More
February 10, 2021
Almonty Industries Inc. Announces the Scheduling of the Historical Confirmation Drilling Campaign for Its Sangdong Moly Project
TORONTO / Feb 10, 2021 / Business Wire / Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce that it has now scheduled a start date of the week of April 12 th , 2021 to commence a 12,500m drilling campaign to convert the existing historical data... Read More
February 3, 2021
Almonty Industries Inc. Announces the Expansion of Its ESG Program
TORONTO / Feb 03, 2021 / Business Wire / Almonty Industries Inc. (“Almonty”) (TSX:AII / OTCQX:ALMTF / Frankfurt:1MR) is pleased to announce the expansion of its current Environmental, Social and Governance (ESG) program at its Panasqueira mine in Portugal and at its Sangdong project in South... Read More
January 27, 2021
Almonty Industries Inc. Announces the Closing of Its CDN $2,122,500 (equiv US$1,650,000) Private Placement for the KfW-IPEX Bank Arrangement Fee and the Ordering of the Long Lead Time Equipment From...
TORONTO / Jan 27, 2021 / Business Wire / Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) 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... Read More
January 19, 2021
Almonty Industries Inc. Announces the Process for the Secondary Listing on the ASX Has Now Been Initiated.
TORONTO / Jan 19, 2021 / Business Wire / Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that the application for the secondary listing on the Australian Stock Exchange (“ASX”) has begun with the estimate for the listing to be effective no... Read More
January 13, 2021
Almonty Industries Inc. Announces the Commencement of Its Corporate and Board Restructuring to Shift Its Focus Toward Korea
TORONTO / Jan 13, 2021 / Business Wire / Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) 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... Read More
December 14, 2020
Almonty Industries Inc. Announces an End-of-Year Christmas Update
TORONTO / Dec 14, 2020 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce an end-of-year update. Almonty Korea Tungsten Sangdong project – After the previously announced execution of the loan agreements, the... Read More
December 7, 2020
Almonty Industries Inc. Announces Execution of Project Financing Loan Agreements and Project Guarantee Documents for Its Sangdong Mine in South Korea
TORONTO / Dec 07, 2020 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX:AII / OTCQX:ALMTF / Frankfurt:1MR) is pleased to announce the execution of the Facility Agreement (loan agreement) and the Completion Agreement with KfW-IPEX Bank GmbH for the US$75.1 million project... Read More
September 8, 2020
Almonty Industries Inc. Second Update for Its Sangdong Mine US$75 Million Project Financing and the Finalization of the Facility Agreement.
Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to provide its second update regarding its US$75 million Project Financing with the KfW-IPEX Bank (“KfW”) for its wholly-owned Sangdong Mine. The Company reports that it has now finalized the facility... Read More
August 26, 2020
Almonty Industries Inc. Update for Its Sangdong Mine US$75 Million Project Financing and the Finalization of the Completion Agreement
Almonty Industries Inc. (“Almonty”) (TSX:AII / OTCQX:ALMTF / Frankfurt:1MR) is pleased to provide an update regarding its US$75 million Project Financing with the KfW-IPEX Bank (“KfW”) for its wholly-owned Sangdong Mine. The Company reports that it is has now finalized the completion agreement... Read More
January 23, 2020
Almonty Industries Inc. Announces Receipt of Binding Commitment for US$76 Million Sangdong Mine Project Financing
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has received a Binding Commitment Letter for US$76,000,000 from KfW IPEX–Bank GmbH (“the “Bank”), the Lender, for the proposed project... Read More
November 27, 2019
Almonty Announces $1.3M Non-Brokered Private Placement
TORONTO--(BUSINESS WIRE)-- Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) 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... Read More
September 19, 2019
Almonty Announces the Execution of an Amended and Restated Loan Agreement with Unicredit Bank AG
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (TSX:AII) (the “Company”) is pleased to announce that it has entered into an Amended and Restated Loan Agreement with Unicredit Bank AG (the “Restated Term Loan”). The Company has restructured its existing debt with the Unicredit Bank AG such... Read More
September 4, 2019
Almonty Posts Operational Update on Its Mines in Portugal, Spain and South Korea
TORONTO--(BUSINESS WIRE)-- Almonty Industries Inc. (TSX: AII) (“Almonty”) provides an update on operational development at its wholly owned mines in Portugal, Spain and South Korea: The Panasqueira Mine in Portugal (“Panasqueira”) announces that the second tailings dam has been completed and is... Read More
May 29, 2019
Almonty Announces the Signing of the Power Supply and Consumption Agreement for the Sangdong Mine Development with Korea Electric Power Corporation
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“Almonty” or the “Company”) (TSX:AII / OTCQX: ALMTF / Frankfurt: 1MR)) announces that it has signed a Power Supply and Consumption Agreement with Korea Electric Power Corporation (“KEPCO”) for the construction and supply of a power line to the... Read More
May 14, 2019
Almonty Achieves Positive EBITDA from Mining Operations of $7,318,000 and Net Income of $0.02 Per Share in Q2 of FY 2019
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and six months ended... Read More
March 29, 2019
Almonty Industries Reports Results of Election of Directors
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) (“ Almonty ” or the “ Company ”) today announced that at the annual and special meeting of shareholders held on March 28, 2019 (the “ Meeting ”), each of the five nominees listed in the management... Read More
March 20, 2019
Almonty Announces TSX Approval of Normal Course Issuer Bid
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced that it has filed with the Toronto Stock Exchange (the “ TSX ”), and the TSX has accepted, a notice of intention of the Company to make a normal course... Read More
January 8, 2019
Almonty Industries Announces Delay in Filing 2018 Financial Resultsand Cease Trade Order
TORONTO--( BUSINESS WIRE )--Almonty Industries Inc. (“ Almonty ” or the “ Corporation ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) discloses today that the filings of the Corporation’s annual financial statements for the fiscal year ended September 30, 2018, the related management’s discussion... Read More
November 27, 2018
Almonty Industries Inc. Announces the Commencement of the Mine Development Work at Its Wholly-Owned Sangdong Mine
TORONTO--(BUSINESS WIRE)-- Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has commenced the drift development at the Sangdong tungsten mine located in the Republic of Korea. The development of approximately 4,000... Read More
October 4, 2018
Almonty Provides Update on the Project Financing for the Sangdong Mine
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that KfW IPEX-Bank GmbH (“KfW IPEX-Bank” or the “Bank”) has consented to the Company disclosing KfW IPEX-Bank as the lender and the general terms of... Read More
August 13, 2018
Almonty Achieves Positive EBITDA from Mining Operations(1) of $12,702,000 And Net Income of $0.04 Per Share in Q3 of FY 2018
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and nine months... Read More
July 26, 2018
Almonty Industries to Improve Concentrate Output at Panasqueira Mine in Portugal
TORONTO--( BUSINESS WIRE )--Almonty Industries Inc. (“ Almonty ” or the " Company ") (TSX: AII / OTC: ALMTF / Frankfurt: 1MR) is pleased to announce that the ore sorting equipment has arrived at its Panasqueira mine in Portugal. The equipment was released by customs last week and during the 23rd... Read More
July 11, 2018
Almonty Industries Receives Approval on OTCQX Application
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“ Almonty ” or the " Company ") (TSX: AII) (Frankfurt: 1MR) is pleased to announce that, further to its news release dated June 26, 2018, its application to have its common shares quoted on the OTCQX® Best Market, the top tier market operated... Read More
July 5, 2018
Almonty Industries Inc. Announces Demolition Work at Sangdong Mine Site Completed
Toronto, Ontario--(Newsfile Corp. - July 5, 2018) - Almonty Industries Inc. (TSX: AII) (OTC: ALMTF) (" Almonty " or the " Company ") is pleased to report that the demolition work at the Company's wholly-owned Sangdong Mine site in South Korea is now completed, only leaving the last procedure of... Read More
June 26, 2018
Almonty Industries Inc. Makes Application to the OTCQX
Toronto, Ontario--(Newsfile Corp. - June 26, 2018) - Almonty Industries Inc. (TSX: AII) (OTC: ALMTF) (" Almonty " or the " Company ") is pleased to announce that it has applied to have its common shares quoted on the OTCQX, the top tier marketplace provided by the OTC Markets Group ("OTCQX"). The... Read More
May 30, 2018
Almonty Industries Inc. Announces Graduation to TSX
TORONTO--( BUSINESS WIRE )--Almonty Industries Inc. (“ Almonty ” or the " Company ") (TSX-V: AII): NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Almonty Industries Inc. (“ Almonty ” or the " Company ") (TSX-V: AII), is pleased to announce that it has received... Read More
May 22, 2018
Almonty Announces Positive EBITDA for the Three Months Ended March 31st, 2018 of $7,604,000 from Mining Operations, More Than a 70% Increase in Revenue and a Net Income of $0.02 Per Share
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (TSX-V: AII): The Company Also Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three and Six Months Ended March 31 St , 2018 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR... Read More
April 23, 2018
Almonty Industries Inc. Announces Signing of Site Clearance Contract, Mine Development Contract, Signing Date for a Technical and Pilot Plant Full Subsidy and Commencement of Construction Work at...
TORONTO--( BUSINESS WIRE )--Almonty Industries Inc. (TSX-V: AII): “NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES” Almonty Industries Inc. (“ Almonty ” or the "Company") (TSX-V: AII), is pleased to announce that it has entered into a series of contracts for... Read More
April 3, 2018
Almonty Industries Inc. Receives Conditional Approval to List on the TSX
TORONTO--( BUSINESS WIRE )--Almonty Industries Inc. (TSX-V: AII): “NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES” Almonty Industries Inc. (“ Almonty ” or the "Company") (TSX-V: AII), is pleased to announce that it has received conditional approval from the... Read More
March 13, 2018
Almonty Industries Inc. Announces That It Has Signed a Ten Year Off-Take Agreement with a Guaranteed Minimum Value CDN$500,000,000 for Its Wholly-Owned Sangdong Tungsten Mine in South Korea
TORONTO--(BUSINESS WIRE)-- Almonty Industries Inc. (“Almonty” or the “Company”) (TSX-V: AII) is pleased to announce that it has entered into a new off-take agreement dated March 12, 2018, (the “Off-Take Agreement”) with an existing customer (the “Customer”) for the tungsten concentrate to be mined... Read More
March 1, 2018
Almonty Announces Positive $2,953,000 Q1 EBITDA from Mining Operations and the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three Months Ended...
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (TSX-V: AII): NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Almonty Industries Inc. (“Almonty” or the “Company”) (TSX-V: AII) today announced the filing of its unaudited interim condensed consolidated... Read More
February 1, 2018
Almonty Announces the Appointment of Michael Costa to its Board of Directors and Restructuring of Notes Owing to Dundee Resources Limited
TORONTO--(BUSINESS WIRE)-- Almonty Industries Inc. (TSX-V: AII) (“Almonty” or the “Company”) (TSX-V: AII) is pleased to announce it has added Mr. Michael Costa as an independent director to its board of directors. Mr. Costa serves as Vice President and Portfolio Manager at Goodman & Company... Read More
December 28, 2017
Almonty Announces the Signing of the EPC Contract for the Sangdong Mine Development with POSCO E&C
TORONTO--(BUSINESS WIRE)-- Almonty Industries Inc. (TSX-V:AII) (“Almonty”) announces that it has signed an EPC (Engineering, Procurement and Construction) Contract with POSCO E&C for the development works at the Sangdong Tungsten and Molybdenum Mine located in the Republic of Korea. The EPC... Read More
October 19, 2017
Almonty Industries Closes C$2.7 Million Subscription Agreement with JP Morgan Asset Management; Announces New Financing
TORONTO--(BUSINESS WIRE)-- Almonty Industries Inc. (“Almonty”) (TSXV: AII) announces that it has closed its previously announced private placement to JP Morgan Asset Management (UK) Ltd of 5,000,000 common shares at a price of $0.54 per common share for gross proceeds to Almonty of $2,700,000 (the... Read More
September 27, 2017
Almonty Industries Signs C$2.7 Million Subscription Agreement with JP Morgan Asset Management (UK)
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“Almonty”) (TSXV: AII) announces that it has entered into a subscription agreement with JP Morgan Asset Management (UK) Ltd (“JPAM”) pursuant to which JPAM will subscribe for 5,000,000 common shares at a price of CAD$0.54 per common share for... Read More
August 11, 2017
Almonty Industries Announces USD$5 Million Non-Brokered Private Placement Financing
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“Almonty” or the “Company”) (TSXV: AII) announces that it has entered into a subscription agreement with Mr. Lewis Black, Almonty’s Chairman, Chief Executive Officer and President, pursuant to which Mr. Black will subscribe for 21,175,000... Read More
May 15, 2017
Almonty Announces Initiatives to Enhance Tailings Recovery at Panasquiera Mine
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (TSX-V:AII) (“Almonty”) is very happy to announce that its fully owned subsidiary, Beralt Tin and Wolfram (Portugal) S.A., which operates the Panasqueira Tungsten Mine in Portugal, has reached a comprehensive agreement with Crominet Mining... Read More
April 24, 2017
Almonty Announces it has Reached an Agreement to Extend a CAD$6.0 Million Convertible Note by Two Years and to Issue Common Shares in Satisfaction of Interest
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (TSX-V:AII) (“Almonty”) announces that it reached an agreement with Deutsche Rohstoff AG (“DRAG”), an existing shareholder of and lender to Almonty, to extend to March 22, 2019 the maturity date of a non-transferable secured convertible... Read More
March 2, 2017
Almonty Announces Updated Reserve and Resource Estimate for Panasqueira Tungsten Mine
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“Almonty” or the “Company”) (TSX-V: AII) today announced the filing of an updated National Instrument 43-101 Technical Report for the Panasqueira Mine, Portugal. The Technical Report was filed on SEDAR (www.sedar.com) under Almonty’s company... Read More
January 31, 2017
Almonty Announces Filing of Audited Financial Statements and MD&A for Year Ended September 30, 2016; Announces It Has Reached an Agreement with Respect to Secured Promissory Note for US$1.0 Million
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (“Almonty” or the “Company”) (TSX-V:AII) today announced the filing of its audited consolidated financial statements, management discussion & analysis (“MD&A”) and annual information form (“AIF”) for the year ended September 30, 2016. Unless... Read More
January 9, 2017
Almonty Announces It Has Received the Final Permits for the Construction of Its Sangdong Mine and Has Exercised Its Option to Acquire 100% Control of the Valtreixal Project
TORONTO--( BUSINESS WIRE )-- Almonty Industries Inc. (TSX-V:AII) (“Almonty”) announces that it has received the final surface permit in respect of its Sangdong Mine that now enables it to begin construction of the processing plant and the road and river diversion. The project is now fully... Read More

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