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.
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 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”).
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.
Los Santos & Valtreixal Projects
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 Industries Inc. Announces An End-Of-Year Christmas Update
Almonty Receives New Land Classification For Its Valtreixal Property In Spain
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