Almonty Industries Inc. is pleased to announce an end-of-year update. Almonty Korea Tungsten Sangdong project – After the previously announced execution of the loan agreements, the Company wishes to update the market on its current status. The Monty B portal has been completed on time and was increased from 120m to 131.1m. The office/Laboratory has also been completed on time. The phase 2 mine development of 600m will [...]
Almonty Industries Inc. is pleased to announce the execution of the Facility Agreement and the Completion Agreement with KfW-IPEX Bank GmbH for the US$75.1 million project financing for its wholly-owned Sangdong Mine located in South Korea. In addition, the Company also announces the execution of a US$20 million Cost Overrun guarantee and the US$9.8 million Debt Service Reserve Account guarantee as required for the [...]
Almonty Industries Inc. today announced the filing of its unaudited interim consolidated financial statements and management’s discussion & analysis for the three and nine months ended September 30, 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 and nine months ended September 30, 2020 and 2019 [...]
Almonty Industries Inc. is pleased to provide an update for its wholly-owned Sangdong Mine located in South Korea. The Company reports that it has received, from the South Korean government, an extension of its Extraction Rights permit to July 1, 2031. In addition, once the Company finalizes its US$75 million project financing with the KfW-IPEX bank, the extraction permit will automatically be extended to July 1, 2041 [...]
Almonty Industries Inc. today announced the filing of its unaudited interim consolidated financial statements and management’s discussion & analysis for the three and six months ended June 30, 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 and six months ended June 30, 2020 and 2019: Three months [...]
Almonty Industries Inc. is pleased to provide its second update regarding its US$75 million Project Financing with the KfW-IPEX Bank for its wholly-owned Sangdong Mine. The Company reports that it has now finalized the facility agreement with KfW. The facility agreement was the final piece prior to close which will now occur when the Conditions Precedent are met. 75% of the CP list has now been uploaded and the only [...]
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 [...]
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