Almonty Industries Inc. today announced the filing of its unaudited interim condensed consolidated financial statements and management's discussion & analysis for the three months ended March 31, 2023. 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, 2023 and 2022: Three months [...]
Almonty Industries Inc. is pleased to announce a construction and financing update in relation to its Sangdong Tungsten Mine. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230501005223/en/ New 4 MW Power System As announced on 3 April 2023, construction works are continuing to progress in accordance with our construction schedule and the total amount drawn [...]
Almonty Industries Inc. is pleased to announce that it has completed its fourth scheduled drawdown of the total US$75.1 million KfW IPEX-Bank project finance facility for its Sangdong Tungsten Mine located in South Korea. The total amount drawn under the Loan Facility now stands at US$32.3 million. The Company is pleased to report that the drawdowns are being completed on schedule as per the project drawdown agreement [...]
Almonty Industries Inc. today announced the filing of its audited annual consolidated financial statements, management's discussion & analysis and AIF for the year ended December 31, 2022. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. The following financial information is for the years ended December 31, 2022 and 2021: Year ended Year ended 31-Dec-22 [...]
Almonty Industries Inc. is pleased to announce that the Company has received firm commitments, primarily from existing Australian institutional investors, to raise gross proceeds of A$3.5 million via the issue of 4,861,111 million Chess Depository Interests at A$0.72 per CDI . Each Placement participant will be issued with one free unlisted option for every one CDI issued, exercisable at A$1.25 with an expiry date of 31 [...]
Almonty Industries Inc. announces that it plans to extend, in the aggregate, the term of 700,000 outstanding warrants by one year. The warrants are due to expire on February 19, 2023, and the Company will make an application to extend the expiry date of those warrants to February 19, 2024. During December 2019 through February 2020, the Company conducted a private placement whereby it closed, in three tranches, 2,047,244 [...]
Almonty Industries Inc. is pleased to announce that the Company has received firm commitments, primarily from existing Australian institutional investors who requested to increase their stake in the Company, to raise gross proceeds of A$2.0 million via the issue of 2.5 million Chess Depository Interests at A$0.80 per CDI . Each Placement participant will be issued with one free unlisted option for every one CDI issued [...]
Almonty Industries Inc. , is pleased to announce it has completed its third scheduled drawdown of the total US$75.1 million KfW IPEX-Bank project finance facility for its Sangdong Tungsten Mine , and to provide a project update from the Chairman of the Company. The total amount drawn under the Loan Facility now stands at US$26.7 million. The Company is pleased to report that the drawdowns are being completed on schedule [...]
Almonty Industries Inc. today announced the filing of its unaudited interim condensed consolidated financial statements and management's discussion & analysis for the three and nine months ended September 30, 2022. 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 nine months ended September 30, 2022 [...]
Almonty Industries Inc. is pleased to announce an update in relation to the proposed nano tungsten oxide downstream processing plant. As announced on March 30, 2022, Almonty is investigating the construction of a vertically integrated nano tungsten oxide downstream processing plant to supply the South Korean battery anode and cathode manufacturing industry. As also announced, the funding for the Sangdong Downstream [...]
Almonty Industries Inc. is pleased to announce an operational and financing update in relation to its Sangdong Tungsten Mine, which is currently under construction in South Korea. Operational update Earlier this month, the Sangdong region where the Company's Sangdong Mine is located in South Korea, was hit by some of the heaviest rain in decades. In the 3 days between the 9 and 11 August 2022, the region experienced [...]
Almonty Industries Inc. today announced the filing of its unaudited interim condensed consolidated financial statements and management's discussion & analysis for the three and six months ended June 30, 2022. 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, 2022 and 2021 [...]
