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 [...]
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. today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis and AIF for the fifteen months ended December 31, 2019. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. During the fifteen months ended December 31, 2019, the Company, pursuant to Section 4.8 of National Instrument [...]
Almonty Industries Inc. announces the execution of a Memorandum of Understanding amongst Gangwon Provincial Government, Yeongwol County Government and Almonty Korea Tungsten , Almonty’s wholly-owned subsidiary in South Korea, on the 7th of May, 2020. The MOU was signed in the Office of the Gangwon Provincial Government by Governor Moon-Soon Choi, Mayor Myeong-Seo Choi of Yeongwol County, Mr. Tiger Kim, Almonty’s Korea [...]
Almonty Industries Inc. announces that, further to its news release dated March 27, 2020, 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 Annual Audited Financial Statements for the fifteen-month period ended December 31 [...]
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 Annual Audited Financial Statements for the fifteen-month period ended December 31, 2019. The Company?s Management Discussion [...]
Almonty Industries Inc. announces that, in response to numerous queries and expressions of concern from investors and shareholders, it provides the up-to-date status and development at its wholly-owned Sangdong Mine located in South Korea with regard to the recent evolvement and spreading of Coronavirus-19 . Lately, the COVID-19 situation in Korea has shown clear signs of stabilization with decreasing numbers of new daily [...]
Almonty Industries Inc. announces it has completed a non-brokered private placement of a secured convertible debenture in the principal amount of US$2,000,000 . All securities issued pursuant to the Debenture Offering are subject to resale restrictions for a period of four months expiring on July 7, 2020. Almonty intends to use the net proceeds of the Debenture Offering for Sangdong Mine project financing expenses and [...]
Almonty Industries Inc. is pleased to announce that it has now received notification that the preliminary ECA cover has been issued by OeKB which is underpinning the recently announced binding commitment for the project finance loan of US$76,000,000 from KfW IPEX-Bank. Loan documents are now being drafted and prepared to move to financial closing. Lewis Black, Chief Executive Officer of Almonty commented: “This was [...]
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