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.
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.
News Releases
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’
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
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: 800 564 6253
Toll: +1 (514) 982 7555
Fax Number: +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
Almonty Industries is pleased to announce it has closed three tranches of its non-brokered private placement through the sale of 4,263,263 units (“CDN Units”) at a price of CDN$0.55 per CDN Unit.
Raising gross proceeds of CDN$2,344,795, and 1,525,000 Chess Depository Interests units (“CDI Units”) at a price of A$0.62 per CDI Unit, raising gross proceeds of A$945,000.
Read the full release on Almonty's website:
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Almonty Closes Additional Tranches of Private Placement
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Almonty has closed 3 tranches of its non-brokered private placement through the sale of 4,263,263 units at a price of CDN$0.55 per CDN Unit.Comment on Facebook
🔥 Join us behind the scenes at Almonty Industries as our international staff commence with their Korean language lessons 🔥
Duke and our other dedicated overseas employees are on a mission to master Hangul, the Korean alphabet. 🇰🇷 Watch how they progress as they immerse themselves in the Korean culture and language.a
#Almonty #aktc #hangulmastery #dedication #sangdongmine #gangwonprovince ... See MoreSee Less
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Bons estudos
Almonty Industries' CEO Lewis Black chats with Techstination's Fred Fishkin about the role of #tungsten in Artifical Intelligence; Electric Vehicles and more...
Watch the full interview below 👇 ... See MoreSee Less
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The Now Deity #atauyem #edrance
Almonty Industries today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis (“MD&A”) and Annual Information Form (“AIF”) for the year ended December 31, 2023.
Download the full statement and analysis at almonty.com
bit.ly/3PNuEfX ... See MoreSee Less
Consolidated Financial Statements & MD&A for the Year to Dec 31 2023
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Almonty's Consolidated financial statements and management's discussion & analysis ("MD&A") for the year ended Dec 31, 2023.Comment on Facebook
Almonty Industries is pleased to announce it has closed on a non-brokered private placement through the sale of 2,668,000 units (“CDN Units”) at a price of $0.55 per unit raising gross proceeds of $1,467,400.
Each CDN Unit is comprised of one common share and one share purchase warrant with each share purchase warrant being exercisable into one additional common share at a price of $0.74 per share for a period of 24 months from closing.
The Company is also pleased to announce that it has received firm commitments to raise gross proceeds of A$201,500 through the issuance of 325,000 Placement Chess Depository Interests Units (“CDI’s”) at a price of A$0.62 per CDI Unit.
Read the full release on Almonty's website:
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Placement of Common Share Units and CDI’s raises $1.47M
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With Further Commitments of C$1.178 million for acceleration of Tungsten downstream planning and Molybdenum reserves conversion.Comment on Facebook
We're thrilled to share the success of our AKTC team at the regional sport event in Yeongwol, South Korea commemorating the Independence Movement Day of 1919! 🇰🇷
Some of our Almonty Industries' executives and staff, including our Vice President and Director Dong-Hoon Kang, along with nine other team members, participated in the event.
A special shoutout to Leonel Felisberto for clinching the second place overall and receiving a bicycle as a prize!🥈
Furthermore, in true AKTC fashion, #Almonty contributed to the event by donating rice as prizes and receiving warm welcomes and encouragement in return from local dignitaries, including Yeongwol County Governor Choi Myeong-seo. 🍚
We're immensely proud of our #sangdongmine team for their achievements and community spirit.
#almontyindustries #communityengagement #teamspirit #aktcsuccess #yeongwolevent #independencemovementday #tungsten ... See MoreSee Less
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A proud moment for our staff...congratulations Leonel Felisberto for 2nd place!! www.youtube.com/watch?v=ZxPHOLJSwbs
🚀 Exciting News from Panasqueira Mine! 🚀
We're very excited to announce the entry into Level 4 (L4), a pivotal moment in our rich history of tungsten mining. The L4 opening is set to commence in Q1/2024, and signifies a new era of progress and opportunity for Almonty Industries 🌏
Key Facts:
✅ L4 poised to redefine #tungsten mining.
✅ Scoping study completed for ambitious project.
✅ Operational efficiency and timely execution at the forefront.
✅ Focus on underground development for enhanced production.
Operational Highlights:
🔄 Strategic shift for optimized extraction.
🔍 Ongoing exploration drilling for resource maximization.
🛠️ Utilization of existing surface infrastructure.
💼 Low-risk operational profile for stable investment.
Recognition and Partnerships:
🤝 U.S. Department of Commerce visit highlights global importance.
🌐 Addressing demand from defense and oil & gas industries.
🏭 Cornerstone of sustainable mining practices and community development.
Recent Development:
✅ Entry into Panasqueira Mine's L4 marks a significant milestone.
🏞️ Commitment to progress and excellence in mining operations.
📈 Embarking on a transformative journey, delivering value to investors and stakeholders.
Read more in the full article by #Almonty: ... See MoreSee Less
Unlocking the Potential of Panasqueira Mine
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Panasqueira Mine's Level 4 opening is poised to redefine the landscape of tungsten mining with its immense potential and low-risk profile.Comment on Facebook
Almonty Industries is making significant progress towards the reopening of the #sangdongmine, the world's largest tungsten mine, located in South Korea.
This strategic project aims to diversify the global #tungsten supply chain and offer a secure source of this critical material to both the US and South Korea. 🇺🇸 🇰🇷
Underground development is now nearing completion - scheduled for September, paving the way for surface work to begin shortly. Commitment to responsible practices - sustainable and environmentally conscious mining operations remain a priority.
Read the full article by The Korea Herald 코리아헤럴드 below:
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Stay tuned for further updates as #Almonty approaches the anticipated year-end operational launch. ... See MoreSee Less
[Herald Interview] Almonty to boost security of key mineral supply with Sangdong mine
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Almonty Industries, a multinational mining company headquartered in Toronto, expects to reopen the Sangdong Mine in Yeongwol, Gangwon Province, and begin operations before the end of the year to offer...Comment on Facebook