Almonty Industries Inc. , a leading global producer of tungsten concentrate, is pleased to confirm that, based on currently available information, its operations and product exports are not affected by the recent Executive Order issued by the United States government regarding reciprocal tariffs on select imports. The Executive Order published on April 2, 2025, outlines new tariff measures targeting specific Harmonized [...]
Almonty Industries Inc. , a leading global producer of tungsten concentrate, today announced the appointment of General Gustave F. Perna to the Company's Board of Directors, effective March 20, 2025. General Perna brings extensive executive and military leadership experience to Almonty, with a strong background in strategy, supply chain management, logistics, and talent development across high-paced global industries. His [...]
Almonty Industries Inc. , a leading global producer of tungsten concentrate, today announced its fiscal year 2024 financial results. Financial Summary: Unless otherwise indicated, all figures are expressed in Canadian dollars. Fiscal Year Ended Jan. 31, CAD$ in millions 2024 2023 % Increase Revenue $28.8 $22.5 28.0% Income from Mining Operations $2.0 $1.1 81.8% Operating Expenses $8.9 $7.0 27.1% Net Loss $ $ Adj. EBITDA [...]
Almonty Industries Inc. , a leading global producer of tungsten concentrate, is pleased to announce that it has entered into a strategic partnership agreement with American Defense International, Inc. , a prominent government relations and business development firm based in Washington, D.C. This partnership represents a significant step in strengthening Almonty's strategic positioning within the critical metals sector to [...]
Almonty Industries Inc. , a leading global producer of tungsten concentrate, today announced that management has been invited to attend the Sidoti Small Cap Conference taking place on March 19-20, 2025. Business Development and Financial Planning Officer, Sophie Frédérique Wind-Veeser is scheduled to host one-on-one meetings with institutional investors throughout the event. Lewis Black, President & CEO of the Company [...]
Almonty Industries Inc. is pleased to announce that the holders of common shares in the capital of the Company have overwhelmingly voted to approve Almonty's proposed continuance from Canada to the State of Delaware, USA . A special resolution permitting the Company to effect the US Domestication was approved by 99.96% of the votes cast at a special meeting of Shareholders held earlier today. Details of the voting results [...]
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, 2025, by one year. On February 7, 2025, the Board of Directors of the Company approved to extend the Insider Warrants held by Lewis Black and Dr. Thomas Gutschlag to February 19, 2026, subject to Toronto Stock Exchange and shareholder approval. Lewis [...]
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 [...]
