Metso Equipment arriving at Almonty’s Sangdong Mine
The ball mill and sag mill base plates have arrived into South Korea from Metso in Turkey. The mill liners will also be arriving from India in the next few weeks. This order was placed with Metso in January 2021, and marks a turning point at Almonty’s Sangdong project.
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
Almonty Industries Inc. today announced receipt of the first drawdown of US$12,818,081 on the KfW-IBEX Bank US$75.1 million project financing loan facility.
Significant Maiden Molybdenum Resource Defined Adjacent To The Tungsten Orebody At Sangdong Mine In South Korea
Almonty is pleased to announce a maiden JORC 2012-compliant Inferred Mineral Resource Estimate (MRE) of 21.48Mt @ 0.26% MoS2 at the 0.19% MoS2 reporting cut-off for the Almonty Korea Moly Project, which is located on the existing Sangdong Tungsten Mine currently under construction in South Korea.
Almonty Announces Receipt of the Fully Executed Utilization Request for the First Drawdown of the US$75.1M Facility
Almonty Industries is pleased to announce it has received from KfW-IPEX Bank the fully executed utilization request for the first drawdown of US$12.8M from the US$75.1M facility. The mortgage registration has now commenced in South Korea and, upon completion, the first drawdown funds will be sent to Almonty.
Almonty Raises a Further A$2.12M in Private Placement to Advance Ongoing Growth Opportunities
Almonty Industries is pleased to announce the closing of a private placement of 2,494,118 Chess Depository Interests (“CDIsâ€) at A$0.85 per CDI to raise gross proceeds of A$2.12 million (“Placementâ€) with the Company’s third largest shareholder Deutsche Rohstoff.
Almonty Announces the Filing of its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Three Months Ended March 31, 2022
Almonty Industries today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis (“MD&A”) for the three months ended March 31, 2022.
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
Almonty Industries Inc. is pleased to announce the closing of its private placement to Directors of Almonty, existing shareholders and other insiders of 2,852,251 common shares at CDN$0.94 per share and 1,428,571 Units at US$0.70 per Unit to raise gross proceeds of approximately US$3.3 million (“Placementâ€).
Expedição Lusitânia – a South Atlantic crossing from Lisbon to Rio on SV Zalala skippered by Almonty’s Panasqueira Mine Manager.
As part of the celebrations of the centenary of the first aerial crossing of the South Atlantic and in order to honor the navigator Gago Coutinho and the pilot Sacadura Cabral, eight sailboats with 30 crew members followed a trip to Brazil.
Almonty Announces the Filing of its Audited Consolidated Financial Statements, MD&A and AIF for the Year Ended December 31, 2021
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis (“MD&Aâ€) and Annual Information Form (“AIFâ€) for the year ended December 31, 2021.
Almonty Investigating the Construction of a Vertically Integrated Nano Tungsten Oxide Downstream Processing Plant to Supply South Korean Battery Anode and Cathode Manufacturing Industry
Almonty Industries is pleased to announce it is investigating the construction of a vertically integrated nano tungsten oxide downstream processing plant (Sangdong Downstream Extension Project) to supply the South Korean battery anode manufacturing industry and the execution of a letter of intent (LOI) for the funding of the Sangdong Downstream Extension Project with the Company’s existing debt provider, KfW IPEX-Bank.
News Releases
Almonty Industries Signs an MOU with Local High School to Provide Job-Related Field Training Opportunities
The Road & River Diversion Program Completed at the Sangdong Mine Project in Korea
Almonty Provides an Operational Update for its Sangdong Tungsten and Moly Mines
Almonty Industries Inc would like to congratulate Donghoon Kang, who was awarded the Korea Resources Recycling Association President’s Award at the 2021 Mine-Tech Festa
Almonty Provides an Operational Update on Activities at its Tungsten Mines
Almonty Announces the Appointment of A New Director Mark E Goodman
Investor Presentation – Almonty Industries & Sangdong Mine Project
Almonty Announces the Successful Capital Raising of A$15.25m and a Dual Listing on the ASX on 2nd August 2021
Almonty Announces a Sangdong Update and the Appointment of New Director in Anticipation of the Application for ASX Listing
Almonty expands their Environmental, Social and Governance (ESG) program, signing an MOU with Seoul National University to foster local mining talent.
Almonty Provides an Operational Update for its Sangdong Tungsten And Moly Mines
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
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:
... See MoreSee Less
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
Comment on Facebook
🚀 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
Comment on Facebook
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