The concrete batch plant is now completed. This plant will provide service to all underground mine development and to the surface construction, and the renovation of the administration office in the town of Sangdong is completed.
Almonty Industries Announces it now has Cash in Hand & Binding Commitments from Existing Shareholders & Insiders of $9,590,000. Almonty also Announces the Prospectus for Admission to the ASX is Nearing Completion
Almonty Industries Inc. is pleased to announce it has closed 2 previously anticipated private placements and secured binding commitments from existing shareholders and insiders on a convertible debenture.
Lewis Black And The Plansee Group Conclude Share Sale/Purchase Prior to KfW IPEX Bank Financial Close for the Construction of the Sangdong Tungsten Mine
The Plansee group has concluded the agreement to purchase 10,587,056 shares at $1.06 from President and CEO – Lewis Black as part of the previously contemplated transaction announced in December 2020.
Almonty Industries Announces that the Maturity Dates of Long-term Debt Totalling $54.1m Have Now Been Successfully Extended to Comfortably Past the Commissioning Date of The Sangdong Tungsten Project in Korea. In Addition, Almonty Announces the Appointment of a CFO in Korea.
Almonty Industries is pleased to announce that the maturity dates for approximately $54.1M of all its debt facilities have been extended. The bulk of this $54.1m is now maturing end of Q4 2023.
Almonty Industries Inc. Announces the Scheduling of the Historical Confirmation Drilling Campaign for its Sangdong Moly Project.
Almonty Industries is pleased to announce that it has now scheduled a start date of the week of April 12th, 2021 to commence a 12,500m drilling campaign to convert the existing historical data for its Sangdong Molybdenum Project into a NI 43-101 and JORC compliant report.
Almonty Industries Inc. Announces the Expansion of its ESG (Environmental, Social and Governance) Program
Almonty Industries is pleased to announce the expansion of its current Environmental, Social and Governance (ESG) program at its Panasqueira mine in Portugal and at its Sangdong project in South Korea.
Almonty Announces The Closing of its $2,122,500 Private Placement for the KfW-IPEX Bank Arrangement Fee and the Ordering of Long Lead Time Equipment from Metso/Outotec
Almonty Industries is pleased to announce the closing of its private placement with existing European shareholders of 2,830,000 shares at CDN$0.75 per share. Orders have now been placed the primary crusher and sag mill with Metso/Outotec.
Almonty Industries Announces the Process for the Secondary Listing on the ASX Has Now Been Initiated
Almonty Industries Inc. is pleased to announce that the application for the secondary listing on the Australian Stock Exchange (“ASX”) has begun and the estimate is for the listing to be effective no later than April 2021.
Almonty Announces The Commencement Of Its Corporate And Board Restructuring To Shift Its Focus Toward Korea
Almonty is pleased to announce the first two new additions to our team as the Company begins its transition toward a much greater focus on Korea and the greater Asian and Australian financial markets. These appointments will become effective February 1st, 2021.
Almonty Industries Inc. has Closed a US$1,201,000 (CDN $1,537,688) Non-brokered Private Placement at CDN$0.75 with Lewis Black and Deutsche Rohstoff AG
Toronto – January 4, 2021 – Almonty Industries Inc. is pleased to announce that it has closed a non-brokered private placement raising gross proceeds of US$1,201,000 (CDN$1,537,688) through the issuance of 2,050,251 shares at a price of CDN$0.75 per share representing a more than 17% premium to current market.
Almonty Industries Inc. engages in the mining, processing, and shipping of tungsten concentrate. The company owns interests in the Los Santos mine located near Salamanca, Spain; the Panasqueira tin and tungsten mine situated in Covilha and Castelo Branco, Portugal; and the Sangdong tungsten mine situated in Gangwon Province, Republic of Korea; and the Valtre Valtreixal tin and tungsten project located in Zamora province, Western Spain. Almonty Industries Inc. is headquartered in Toronto, Canada.
Industry: Other Industrial Metals & Mining
Sector: Basic Materials
Phone: +1 (647) 438-9766