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 (“CDIs”) at A$0.85 per CDI to raise gross proceeds of A$2.12 million (“Placement”) 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 (“Placement”).
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&A”) and Annual Information Form (“AIF”) 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.
Successful Placement of CDIs Following Approach By Institutional Investor
Almonty Industries Inc. (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that following the recent announcement in relation to the imminent drawdown of the KfW loan, the company has been approached and received firm commitments from an institutional investor who wants to increase their stake in Almonty.
News Releases
Unlocking the Potential of Panasqueira Mine: Almonty Industries’ Investment Highlights
In Loving Memory of Mr. Alfredo Pereira
Almonty to Receive the US$13.7 million Sixth Drawdown from KfW IPEX-Bank
Almonty Provides Sangdong Mine Construction Update
Almonty Partners with Korea Telecom to Revolutionize Mine Safety While Also Demonstrating Commitment to ESG Compliance
Unveiling the Marvels of Panasqueira Crystals: A Journey from Mine to Museum
Plans to Reopen Los Santos Mine Utilizing our Flotation Technology Developed for our Sangdong Tungsten Mine
Construction Update at Sangdong Tungsten Mine
Powering the Future: Tungsten (W) and Robotics / Artificial Intelligence
Fourth Sangdong Tungsten Mine Loan Facility Drawdown
Powering the Future: Tungsten (W) and Electric Vehicles
Proposed Extension of Warrants
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...
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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.
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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