Company Press Releases

Almonty Announces Positive $16,440,000 Annual EBITDA from Mining Operations Before Non-Cash Impairment Charge (1) and the Filing of Its Audited Annual Consolidated Financial Statements and MD&A for the Fifteen Months Ended December 31, 2019

2020-05-14 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis and AIF for the fifteen months ended December...Read More

Almonty Announces Execution of Memorandum of Understanding With Provincial and County Governments for Collaboration and Support for Sangdong Mine Development Project

2020-05-11 / @businesswire

Almonty Industries Inc. (TSX:AII) (“Almonty”) announces the execution of a Memorandum of Understanding (“MOU”) amongst Gangwon Provincial Government, Yeongwol County Government and Almonty Korea Tungsten (“AKT”), Almonty’s wholly-owned subsidiary in...Read More

Almonty Postpones the Release of Its Fifth Quarter and Fifteen-month Period Financial Results and Related Disclosure Due to COVID-19 Related Delays

2020-04-28 / @businesswire

Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) (the "Company") 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 Instr...Read More

Almonty Postpones the Release of Its Fifth Quarter and Fifteen-Month Period Financial Results and Related Disclosure Due to COVID-19 Related Delays

2020-03-27 / @businesswire

Almonty Industries Inc. (“Almonty”) (TSX:AII / OTCQX:ALMTF / Frankfurt:1MR) (the "Company") 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 (and...Read More

Almonty Posts Status of Sangdong Mine With Regard to Coronavirus

2020-03-13 / @businesswire

Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) 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 Sou...Read More

Almonty Industries Inc. Completes Financing Transaction of US$2 Million

2020-03-06 / @businesswire

Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces it has completed a non-brokered private placement of a secured convertible debenture in the principal amount of US$2,000,000 (the “Debenture Offering”). All securities issued pursuan...Read More

Almonty Industries Inc. Announces That KfW IPEX-Bank Has Received the Preliminary Export Credit Cover From The Oesterreichische Kontrollbank AG ("OeKB") For Its Project Financing of the Sangdong Tungsten Mine

2020-02-24 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) 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 commit...Read More

Almonty Announces the Closing of the Final Tranche of Its Private Placement

2020-02-19 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces that it has successfully closed the final tranche of its private placement previously announced on November 27, 2019 (the “Financing”), by issuing 747,...Read More

Almonty Industries Successfully Extended Its Sangdong Mine's Off-take Agreement to 15 Years

2020-02-10 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has successfully renegotiated and subsequently amended its off-take agreement, originally dated March 12, 2018, (the “Amended Off-Take Ag...Read More

Almonty Industries Appoints European Investor Relations Advisor

2020-02-11 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has appointed DGWA, the German Institute for Asset and Equity Allocation and Valuation (“Deutsche Gesellschaft für Wertpapieranalyse...Read More

Almonty Industries Inc. Announces Receipt of Binding Commitment for US$76 Million Sangdong Mine Project Financing

2020-01-23 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has received a Binding Commitment Letter for US$76,000,000 from KfW IPEX–Bank GmbH (“the “Bank”), the Lender, for th...Read More

Almonty Amends Convertible Debenture

2020-01-10 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces that it has entered into an agreement to amend certain terms of the convertible debenture in the principal amount of $5,962,978 (the “Convertible Debenture&#x...Read More

Almonty Announces Closing of Second Tranche of Private Placement

2019-12-17 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces that it has closed the second tranche of its private placement previously announced on November 27, 2019 (the “Financing”), by issuing 180,000 units fo...Read More

Almonty Announces Closing of First Tranche of Private Placement

2019-12-09 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces that it has closed the first tranche of its private placement previously announced on November 27, 2019 (the “Financing”), by issuing 1,120,000 units f...Read More

Almonty Announces $1.3M Non-Brokered Private Placement

2019-11-27 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) 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....Read More

Almonty Achieves Positive EBITDA From Mining Operations of $1,050,000 in Q4 of FY 2019 and $0.05 EPS for the 12 Months

2019-11-14 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and twelve mont...Read More

Almonty Announces the Execution of an Amended and Restated Loan Agreement with Unicredit Bank AG

2019-09-19 / @businesswire

Almonty Industries Inc. (TSX:AII) (the “Company”) is pleased to announce that it has entered into an Amended and Restated Loan Agreement with Unicredit Bank AG (the “Restated Term Loan”). The Company has restructured its existing debt with the Unicredit Bank AG such th...Read More

Almonty Posts Operational Update on Its Mines in Portugal, Spain and South Korea

2019-09-04 / @businesswire

Almonty Industries Inc. (TSX: AII) (“Almonty”) provides an update on operational development at its wholly owned mines in Portugal, Spain and South Korea: The Panasqueira Mine in Portugal (“Panasqueira”) announces that the second tailings dam has been completed and is...Read More

Almonty Announces the Engagement of the Lead Manager for Its Potential Secondary Listing on KOSDAQ

2019-08-27 / @businesswire

Almonty Industries Inc. (TSX:AII) (“Almonty”) announces that it has executed an engagement agreement with KB Securities (“KB”), 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...Read More

Almonty Achieves Positive EBITDA From Mining Operations of $3,263,000 in Q3 of FY 2019

2019-08-14 / @businesswire

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and nine months...Read More

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