Almonty Industries Inc. announces that it has successfully closed the final tranche of its private placement previously announced on November 27, 2019 , by issuing 747,244 units for aggregate gross proceeds of $474,500. Each unit was priced at $0.635 per unit and is comprised of one common share of the Company and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common [...]
Almonty Industries Inc. is pleased to announce that it has appointed DGWA, the German Institute for Asset and Equity Allocation and Valuation , one of the leading European investment banking boutiques, based in Frankfurt and Berlin, Germany, as its Investor Relations advisor in Europe. DGWA provides investor relations services for publicly traded companies, which include the distribution of press releases, raising [...]
Almonty Industries Inc. is pleased to announce that it has successfully renegotiated and subsequently amended its off-take agreement, originally dated March 12, 2018, with an existing customer for the tungsten concentrate to be mined and processed at the Company’s wholly-owned Sangdong Tungsten Mine in South Korea. As announced in news releases dated March 13, 2018 and March 15, 2018, the original agreement had a [...]
Almonty Industries Inc. is pleased to announce that it has received a Binding Commitment Letter for US$76,000,000 from KfW IPEX–Bank GmbH , the Lender, for the proposed project financing for the development and operation of Almonty’s Sangdong Mine in South Korea. The general terms of the binding commitment approved by the credit committee of KfW IPEX-Bank GmbH include: The principal amount of senior project [...]
Almonty Industries Inc. announces that it has entered into an agreement to amend certain terms of the convertible debenture in the principal amount of $5,962,978 originally issued by the Company on January 30, 2018. The amendments to the Convertible Debenture are to: amend the maturity date of the Convertible Debenture from January 30, 2020 to January 30, 2021, and reduce the price at which common shares are to be issued [...]
Almonty Industries Inc. announces that it has closed the second tranche of its private placement previously announced on November 27, 2019 , by issuing 180,000 units for aggregate gross proceeds of $114,300. Each unit was priced at $0.635 per unit and is comprised of one common share of the Company and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of [...]
Almonty Industries Inc. announces that it has closed the first tranche of its private placement previously announced on November 27, 2019 , by issuing 1,120,000 units for aggregate gross proceeds of $711,200. Each unit was priced at $0.635 per unit and is comprised of one common share of the Company and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of [...]
Almonty Industries Inc. 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 unit. Each unit will be comprised of one common share of the Company and one share purchase warrant with each share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.75 per [...]
Almonty Industries Inc. today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and twelve months ended September 30, 2019. The Company provided notice, pursuant to Section 4.8 of National Instrument 51-102, that it has determined to change its financial year-end from September 30 to December 31 in order to allow it to [...]
Almonty Industries Inc. is pleased to announce that it has entered into an Amended and Restated Loan Agreement with Unicredit Bank AG . The Company has restructured its existing debt with the Unicredit Bank AG such that the existing Term and Revolving loans with a total principal amount of approximately US$13.7 million will be rolled into a new, Restated Term Loan with a principal amount of US$15,650,000. The Restated [...]
Almonty Industries Inc. provides an update on operational development at its wholly owned mines in Portugal, Spain and South Korea: The Panasqueira Mine in Portugal announces that the second tailings dam has been completed and is ready for operation. The completion of the second tailings dam will enable Panasqueira to process and store tailings for another 6 years at the rate of 800,000 ton mining per annum. &euro [...]
Almonty Industries Inc. announces that it has executed an engagement agreement with KB Securities , one of the top tier securities companies in Korea and a wholly-owned subsidiary of KB Bank, for the lead management of the potential secondary listing of Almonty on the KOSDAQ section of the Korean Exchange . For the listing of Almonty on the KOSDAQ, KB has conducted preliminary meetings with the KRX, site visits to [...]
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