Almonty Announces the Filing of its Audited Annual Consolidated Financial Statements, MD&A & AIF for the Year Ended December 31, 2022 and $3.8M in Positive EBITDA from Mining Operations
Almonty Announces the Filing of its Audited Annual Consolidated Financial Statements, MD&A & AIF for the Year Ended December 31, 2022 and $3.8M in Positive EBITDA from Mining Operations.
Successful Placement of CDI’s raises A$3.5 million
Almonty Industries is pleased to announce that the Company has received firm commitments, primarily from existing Australian institutional investors, to raise gross proceeds of A$3.5M via the issue of 4,861,111 million Chess Depository Interests (“CDIs”) at A$0.72 per CDI (“Placement”).
Powering the Future: Tungsten (W) and Electric Vehicles
Our first article in a series called ‘Powering The Future’ focuses on the Electric Vehicles industry and the role tungsten is playing in improving safety, performance, and reliability in this sector.
Proposed Extension of Warrants
Almonty Industries Inc. today announces that it plans to extend, in the aggregate, the term of 700,000 outstanding warrants by one year.
Taking 4G LTE Underground – A Historical Moment for Korea and SE Asia
Almonty is proud to announce the implementation of an underground 4G LTE mobile data network at their Sangdong Mine in South Korea.
Sangdong Mine – Project Update and Third KfW Drawdown
Almonty Industries Inc. today is pleased to announce an operational and financing update in relation to its Sangdong Tungsten Mine, which is currently under construction in South Korea.
Almonty Announces the Filing of its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three and Nine Months Ended September 30, 2022 and another Quarter of Positive EBITDA from Mining Operations
Almonty announces the filing of its unaudited interim condensed consolidated financial statements and MD&A for the three and nine months ended September 30, 2022 and another quarter of positive EBITDA from mining operations.
Sangdong Downstream Extension Project Progressing
Almonty Industries Inc. today is pleased to announce an update in relation to the proposed nano tungsten oxide downstream processing plant.
Sangdong Mine – Operational Update and Second KfW Drawdown Received
Almonty Industries Inc. today is pleased to announce an operational and financing update in relation to its Sangdong Tungsten Mine, which is currently under construction in South Korea.
Almonty Announces the Filing of its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three and Six Months Ended June 30, 2022
Almonty announces the filing of its unaudited interim condensed consolidated financial statements and MD&A for the three and six months ended June 30, 2022 and another quarter of positive EBITDA from mining operations.
News Releases
Sangdong Mine – Operational Update and Second KfW Drawdown Received
Metso Equipment arriving at Almonty’s Sangdong Mine
Almonty Announces Receipt of the First Drawdown Amount of US$12,818,081 with the Next Drawdown of US$4,840,524 Now Scheduled for August 11, 2022
Significant Maiden Molybdenum Resource Defined Adjacent To The Tungsten Orebody At Sangdong Mine In South Korea
Almonty Announces Receipt of the Fully Executed Utilization Request for the First Drawdown of the US$75.1M Facility
Almonty Raises a Further A$2.12M in Private Placement to Advance Ongoing Growth Opportunities
Almonty Raises US$3.3M from Insiders and Existing Shareholders to Satisfy Final Plansee/GTP Condition Precedent to the Financial Closing of KfW US$75.1M Finance Facility – Drawdown Expected On Or Around May 21
Expedição Lusitânia – a South Atlantic crossing from Lisbon to Rio on SV Zalala skippered by Almonty’s Panasqueira Mine Manager.
Almonty Investigating the Construction of a Vertically Integrated Nano Tungsten Oxide Downstream Processing Plant to Supply South Korean Battery Anode and Cathode Manufacturing Industry
Successful Placement of CDIs Following Approach By Institutional Investor
Drawdown of KfW US$75m Loan Imminent Following Satisfaction of All Conditions Precedent
Yeongwol Tungsten Mine Restarts After 20 Years… Korea reimagining ‘necessary goods independence strategy’
If you are a shareholder of Almonty Industries Inc. and have questions regarding:
- Change of Address and/or Name
- Transfer of Shares
- Consolidation of Share Certificates
- Replacement of Lost Share Certificates
- Estate Transfers
Contact the Company’s transfer agent directly at:
COMPUTERSHARE INVESTOR SERVICES INC.
510 Burrard Street, 2nd Floor
Vancouver, BC
V6C 3B9
Toll Free:Â 800 564 6253
Toll:Â +1 (514) 982 7555
Fax Number:Â +1 (514) 982 7635 / +1 (888) 453 0330
Almonty Industries
Symbol: AII.TO
Description:
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
Mining Weekly explains how Almonty is 'redefining the game' in the tungsten industry in their latest article published yesterday.💡ðŸ
As the last stronghold against the influx of Chinese tungsten, Almonty have harnessed technology to remain competitive.
🌠The Mining Safety DX system is a game-changer for underground operations. It runs on cutting-edge wireless technology, ensuring constant connectivity even in emergencies. With smart devices and AI-driven insights, this system enhances worker safety by providing real-time location info and biometric data. 📲💪
Read the full article in Mining Weekly to dive into this game-changing technology. ... See MoreSee Less
Automating mines improves safety
www.miningweekly.com
Tungsten provider Almonty Industries has partnered Korean communications provider Korea Telecom to create the Mining Safety DX system. As the “last man standing in the West when it came to tungstenâ...Comment on Facebook
News.Financial has posed the question - When will the market price out risk?
This is in reference to Almonty Industries and its near-completed restoration of the Tungsten #sangdongmine in South Korea, set to become one of the largest tungsten suppliers outside of China.
When it comes to promising growth stocks, perhaps its like climbing to the top of the Alps...only after the work is done do the rewards beckon?
Read the full report and find out why #Almonty's stock price is expected to soar:
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E-car flash in the pan or summit rush? The key players: Varta, Rock Tech Lithium, Almonty Industries
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After a challenging climb, we often reap the rewards of our efforts - this is just as true on the stock market as it is after a day in the Alps. While clear skies, Alpine delicacies, and traditional h...Comment on Facebook
Almonty Industries has announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis (MD&A) for the three and six months ended June 30, 2023, and $1.1M in positive EBITDA from mining operations.
Unless otherwise indicated, all currency amounts contained in this release are expressed in Canadian dollars.
TSX: AII / ASX: AII / OTCQX: ALMTF / FRA: ALI
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Consolidated Financial Statements & MD&A 6-Months to Jun 30 23
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Almonty's Consolidated financial statements and management's discussion & analysis ("MD&A") of the six months ended June 30, 2023.Comment on Facebook
Lewis Black talks to Canadian Mining Journal about Almonty Industries Inc.
In particular, how their operational experience and unrivaled expertise in the #tungsten market has led to revitalizing distressed and underperforming tungsten operations and assets, and turning them into profitable operations.
Read the full article by Canadian Mining Journal using the link below:
bit.ly/3rXSRHm ... See MoreSee Less
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🚀 Exciting developments at our #sangdongmine site in South Korea! 🇰🇷 We're pleased to announce the arrival of additional equipment, including protection screens and reclaim feeders, moving us yet closer to full operations.
ðŸ—ï¸ The progress at the Processing Plant site is positive, with the successful completion of scalping works. We're now in the final verification stage.
💰 Strong financial news. We're pleased to share that we have received the fifth drawdown from Kfw Ipex-Bank GmbH of US$9.8 million.
For more details and a comprehensive construction update, head over to Almonty Industries' website. Click on the link below to stay up to date 👇
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Construction Update at Almonty's Sangdong Tungsten Mine
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Almonty Industries Inc. today is pleased to provide a construction progress update for its Sangdong Tungsten Mine located in South Korea.Comment on Facebook
Leading with Purpose: Meet the President & CEO of Almonty Industries - Lewis Black.
Find out what drives him to deliver the best in the industry.
Read the full interview by Medium below:
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Rising Through Resilience: Lewis Black of Almonty Industries On The Five Things You Can Do To…
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An Interview With Savio P. ClementeComment on Facebook
A more advanced era of 'Smart Mining' has begun ðŸ—📶
Almonty Industries in partnership with KT (Korea Telecom) have developed a pioneering 'Mine Safety DX solution' for the 21st century.👌
This new DX system, which includes phones, smart wristbands and helmets equipped with smart tags provides real-time location and biometric data for all Almonty personnel whilst within the mine, and faciliates immediate responses to any emergencies🆘.
Watch a short clip of Almonty's DX Demonstration Day that was held at the #sangdongmine in Korea earlier this month 👇 ... See MoreSee Less
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Analysts at Sphene Capital expect Almonty Industries to generate an EBITDA of CAD $23.2 million and a net income of CAD $8 million as early as next year. In 2025, profits are expected to increase, climbing to CAD $47.7 million (EBITDA) and CAD $26.2 million (net income).
Almonty is currently valued on the stock market at only CAD $140 million.
Read the full report by News.Financial 👇
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Raw materials war - is China getting serious? BASF, Mercedes-Benz, Almonty Industries
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Energy transition, smartphones, semiconductors, armaments and more are driving our hunger for critical raw materials. But woe betide if China gets serious and severely restricts the export of critical...Comment on Facebook