Significant Maiden Molybdenum Resource Defined Adjacent To The  Tungsten Orebody At Sangdong Mine In South Korea

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.

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Almonty Announces Receipt of the Fully Executed Utilization Request for the First Drawdown of the US$75.1M Facility

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.

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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 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 (“Placement”).

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News Releases

TSX-T : AII.TO

ASX : AII.AX

OTC : ALMTF

FRA : ALI

Almonty expands their Environmental, Social and Governance (ESG) program, signing an MOU with Seoul National University to foster local mining talent.

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

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

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

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 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 delivers 20 bags of Rice to Nursing Homes in the Sangdong District under its Community Relations Program

Almonty delivers 20 bags of Rice to Nursing Homes in the Sangdong District under its Community Relations Program

Almonty Industries Inc. Announces the Scheduling of the Historical Confirmation Drilling Campaign for its Sangdong Moly Project.

Almonty Industries Inc. Announces the Scheduling of the Historical Confirmation Drilling Campaign for its Sangdong Moly Project.

Almonty Industries Inc. Announces the Expansion of its ESG (Environmental, Social and Governance) Program

Almonty Industries Inc. Announces the Expansion of its ESG (Environmental, Social and Governance) Program

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 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 Announces The Commencement Of Its Corporate And Board Restructuring To Shift Its Focus Toward Korea

Almonty Announces The Commencement Of Its Corporate And Board Restructuring To Shift Its Focus Toward Korea

Almonty Industries Inc. Announces An End-Of-Year Christmas Update

Almonty Industries Inc. Announces An End-Of-Year Christmas Update

Construction of the Monty B Portal at the Sangdong Mine in South Korea has been Completed

Construction of the Monty B Portal at the Sangdong Mine in South Korea has been Completed

Execution Of Project Financing Loan Agreements and Project Guarantee Documents for the Sangdong Mine In South Korea

Execution Of Project Financing Loan Agreements and Project Guarantee Documents for the Sangdong Mine In South Korea

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

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2 weeks ago
Almonty Industries

Last week, The Korean Economy spoke to Lewis Black, President & CEO of Almonty Industries about the full-scale mining operations scheduled to begin in South Korea at Almonty's #SangdongMine within the year.

Discussions focused around the shifting dynamics within the global tungsten market, underscoring the significant transition occurring in China, which currently dominates the global tungsten market share. Lewis explained...

"China, which accounts for more than 90% of the global tungsten market share, is changing from an exporter to an importer due to declining mine reserves and reduced subsidies. This is a strong indicator for #Tungsten from our #SangdongMine in Korea, which has a known lifespan of more than 100 years."

Read the full story below:
(Google Translate from KR to EN required)
bit.ly/3KaMmqx
... See MoreSee Less

Last week, The Korean Economy spoke to Lewis Black, President & CEO of Almonty Industries about the full-scale mining operations scheduled to begin in South Korea at Almontys #SangdongMine within the year.

Discussions focused around the shifting dynamics within the global tungsten market, underscoring the significant transition occurring in China, which currently dominates the global tungsten market share. Lewis explained... 

China, which accounts for more than 90% of the global tungsten market share, is changing from an exporter to an importer due to declining mine reserves and reduced subsidies. This is a strong indicator for #Tungsten from our #SangdongMine in Korea, which has a known lifespan of more than 100 years.

Read the full story below:
(Google Translate from KR to EN required)
https://bit.ly/3KaMmqx
1 month ago
Almonty Industries

🔥 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

1 month ago
Almonty Industries

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

Comment on Facebook

The Now Deity #atauyem #edrance

2 months ago
Almonty Industries

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

Were 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. 🍚

Were immensely proud of our #SangdongMine team for their achievements and community spirit. 

#AlmontyIndustries #CommunityEngagement #TeamSpirit #AKTCSuccess #YeongwolEvent #IndependenceMovementDay #TungstenImage attachmentImage attachment+Image attachment

Comment on Facebook

A proud moment for our staff...congratulations Leonel Felisberto for 2nd place!! www.youtube.com/watch?v=ZxPHOLJSwbs

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

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