Almonty Industries Inc.

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 Processing SA (PTY) Ltd. (“Crominet”), which is expected to result in an increase to its overall recovery. Currently, at Panasqueira, a [...]

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 promissory note in the principal amount of CAD$6,000,000 (the “2014 Note”) in favour of DRAG. The Note was extended on the same [...]

Almonty Industries Inc. (TSX-V:AII) NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Almonty Industries Inc. (TSX-V:AII) (“Almonty”) announces that it has reached agreement with Global Tungsten & Powders Corp. (“GTP”) on the termination of a loan agreement pursuant to which Almonty was indebted to GTP in the amount of USD$7,043,128 (CAD$9,415,183) of principal [...]

Almonty Industries Inc. (TSX-V:AII) (“Almonty” or the “Company”) is pleased to announce the appointment of Mark Gelmon as the Chief Financial Officer of Almonty, effective immediately. Mr. Gelmon also was appointed to the Board of Directors and as a member of the Audit Committee. Mr. Gelmon succeeds Dennis Logan, who resigned from the CFO position and as a director of Almonty to pursue other [...]

Almonty Industries announces that it has entered into an additional 1-year fixed price off-take agreement for the majority of the production at its Los Santos mine. The net price to be received under the contract is US$192.50 per MTU of contained tungsten, equating to an effective APT price of US$240 per MTU (assuming an industry average discount factor of 20% to the quoted price of an MTU of APT). The current average [...]

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 profile and will also be available on the Company's website at www.almonty.com. The original and updated reserve and resource [...]

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX-V: AII) today announced the filing of its unaudited interim condensed consolidated financial statements and management discussion & analysis for the three months ended December 31st, 2016. Unless otherwise indicated, all currency amounts contained in this news release are in thousands of Canadian dollars. The following financial information [...]

Almonty today announced the filing of its audited consolidated financial statements, management discussion & analysis and annual information form for the year ended September 30, 2016. Unless otherwise indicated, all currency amounts contained in this news release are in thousands of Canadian dollars.

Almonty Industries 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 permitted and the EPC contract expected to be signed within the next 4 weeks. Almonty also announces that it has exercised its option on the Valtreixal Project in Spain and now owns 100% of the [...]

Almonty Industries announces that it has entered several 1-year fixed price off-take agreements with its existing customers. The net price to be received under the contracts is US$210 per MTU of contained tungsten, equating to an effective APT price of US$269 per MTU (assuming an industry average discount factor). The current average spot market price of APT is approximately US$200 per MTU. These contracts become [...]