Almonty Industries Inc.

Almonty Industries Inc. is pleased to announce that the Company has received the final commitments of 3,333,333 Placement Chess Depository Units from long-standing shareholders made in December 2024. The total Placement of gross proceeds of the equivalent of A$18.45 million is comprised of the issuance of 4.53 million Canadian units and 15.41 million CDI Units at C$0.82 per Canadian unit and A$0.90 per CDI Unit [...]

Almonty Industries Inc. announces that it has entered into an exclusive offtake agreement with SeAH M&S , the largest processor of molybdenum products in South Korea and the second largest Molybdenum oxide smelter in the world, pursuant to which SeAH has agreed to purchase 100% of the material produced from Almonty's Sangdong Molybdenum Project for life of mine. The Sangdong Molybdenum Project, which is being developed by [...]

Almonty Industries Inc. is pleased to announce that the Company is planning to change its jurisdiction of incorporation from Canada to the State of Delaware while maintaining its listings for now on the Toronto Stock Exchange and the Australian Securities Exchange. We refer to this transaction as a "US domestication" in this press release. The US domestication reflects the growing importance of the United States in [...]

Almonty Industries Inc. is pleased to announce that it has received its final drawdown of US$906,000 of the US$75.1 million KfW IPEX-Bank project loan facility related to the construction of the Company's Sangdong Tungsten Mine in South Korea. This milestone marks the culmination of a strong and collaborative partnership with KfW, which has consistently demonstrated unwavering support for Almonty since the financing was [...]

Almonty Industries Inc. is pleased to announce that the Company has received further commitments, thus increasing the total Placement to raise gross proceeds for the equivalent of A$15.45 million via the issuance of 4.53 million Canadian units and 12.08 million Placement Chess Depository Interests Units at C$0.82 per Canadian unit and A$0.90 per CDI Unit , respectively. Closing of the Placement was delayed by the [...]

Almonty Industries Inc. is pleased to announce that the Company has received firm commitments to raise gross proceeds of the equivalent of A$5.95 million via the issuance of 2.0 million Canadian units and 4.56 million Placement Chess Depository Interests Units at C$0.82 per Canadian unit and A$0.90 per CDI Unit , respectively. Each Canadian unit and CDI Placement Unit participant will be issued with one warrant for every [...]

Almonty Industries approaches production start at the Sangdong Tungsten Mine in South Korea Mine prepared for ore extraction Rapid progress in processing plant construction Significant long-term potential through downstream and molybdenum projects Share price up 66% since the beginning of the year In the last 12 months, Almonty Industries, wholly owning the Sangdong tungsten mine in South Korea, has nearly completed the [...]

Almonty Industries Inc. , has announced a significant milestone in the development of its Sangdong tungsten mine and processing plant with the arrival and installation of cutting-edge grinding equipment from Metso Corporation. This development brings the Sangdong project one step closer to full operations, marking a pivotal moment in the effort to supply an enormous new source of tungsten from outside of China. This press [...]

Almonty Industries Inc. , is pleased to announce that the Company's Sangdong Mine has been recognized as a priority site to attract large-scale corporate investment. The South Korean Ministry of Trade, Industry, and Energy announced at the 2024 Korea Local Era Expo ceremony held in Chuncheon, South Korea, that six regions in Gangwon Province have been designated as Opportunity Development Special Zones. Among these zones [...]

Almonty Industries is pleased to announce the appointment of Mr. Fernando Vitorino as Chief Operating Officer of AKTC. In this role, Mr. Vitorino will oversee the Company's operations, drive operational excellence, and support AKTC in achieving its key operational and development objectives. Fernando Vitorino brings over 30 years of experience in mine management and over 40 years in financial management, with a proven [...]