Almonty Industries Inc. , is pleased to announce the successful completion of its pilot plant trial production, which marks the final stage of flotation processing technology development ahead of processing plant equipment installation at the Company's Sangdong Mine in South Korea. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240911046423/en/ Pilot Processing [...]
Almonty Industries Inc. , is pleased to announce that, on September 2, 2024, renowned geologists from around the world visited the Company's Sangdong Tungsten Mine in Yeongwol, Gangwon Province, South Korea. These geologists are visiting South Korea to attend the 2024 International Geological Congress , hosted by the International Union of Geological Sciences in Busan, South Korea. Amongst a multitude of endeavors, the [...]
Almonty Industries Inc. , through its wholly-owned South Korean subsidiary, Almonty Korea Tungsten Corporation , is pleased to announce that it has recently hosted a delegation from the United States Geological Survey at its Sangdong Mine in Yeongwol County, Gangwon Province, to assess the ongoing redevelopment of our tungsten mine. The visit marks a significant milestone in the resurgence of Korea's position as a key [...]
Almonty Industries announced the filing of its unaudited condensed interim consolidated financial statements and its management's discussion & analysis for the six months ended June 30, 2024. 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, 2024 and 2023: Almonty Industries [...]
Almonty Industries Inc. , through its wholly-owned South Korean subsidiary, Almonty Korea Tungsten Corporation , is pleased to announce that it has received a fully executed Utilization Request for US$10.6 million in conjunction with the seventh and eighth drawdowns on the US$75.1 million KfW project loan facility related to the construction of the Company's Sangdong Tungsten Mine in South Korea. This US$10.6 million [...]
Almonty Industries Inc. is pleased to announce that its wholly-owned subsidiary, Almonty Korea Tungsten Corporation , has signed a memorandum of understanding with the Yeongwol County Office in South Korea to secure the location of the Sangdong Downstream Tungsten Oxide Plant. Yeongwol is located approximately 30 km's from the Sangdong Tungsten Mine and will be a hub for high-tech industries utilizing local mineral [...]
Almonty Industries Inc. is pleased to announce that on the 3rd of July, 2024, Kim Jin-tae, the Governor of Gangwon Special Self-Governing Province, toured Almonty's tungsten mine redevelopment site in Sangdong-eup, Yeongwol county, South Korea. Governor Kim was briefed on the redevelopment status of Almonty's Sangdong Mine with Choi Myung-seo, the County Mayor of Yeongwol, and toured 1.3 km of the main transport portals [...]
Almonty Industries Inc. : In accordance with Section 11.3 of National Instrument 51-102, Continuous Disclosure Obligations, the following is a report of the matters voted on at the Company's Annual General and Special Meeting of Shareholders held on June 28, 2024: Common Shares represented at the Meeting: 121,514,694 Total issued and outstanding Common Shares as at Record Date: 252,589,498 Total Shareholders Voted by [...]
Almonty Industries Inc. is pleased to announce that in conjunction with its March 2024 Placement, the Company has closed a fourth tranche through the sale of the previously-announced firm commitment of 3,000,000 Placement Chess Depository Interests Units at A$0.62 per unit and is scheduled to close on an additional 1,090,909 common share units at Cdn$0.55 per unit on May 23, 2024. In addition, the Company has received [...]
Almonty Industries Inc. today announced the filing of its unaudited condensed interim consolidated financial statements and its management's discussion & analysis for the three months ended March 31, 2024. 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, 2024 and 2023: Three months [...]
Almonty Industries Inc. is pleased to announce that following its March 2024 Placement, the Company has received firm commitments to raise further gross proceeds of A$1,860,000 via the issuance of 3,000,000 Placement Chess Depository Interests Units at A$0.62 per CDI Unit . Each CDI Unit participant will be issued one free unlisted option for every one CDI issued , exercisable at A$0.84 with an expiry date of 24 months [...]
Almonty Industries Inc. announces that it plans to extend, in the aggregate, the term of 700,000 outstanding share purchase warrants that were due to expire on February 19, 2024, by one year. On February 13, 2024, the Board of Directors of the Company approved to extend the Insider Warrants held by Lewis Black and Dr. Thomas Gutschlag to February 19, 2025, subject to Toronto Stock Exchange and shareholder approval. Lewis [...]