Execution Of Project Financing Loan Agreements and Project Guarantee Documents for the Sangdong Mine In South Korea
Toronto – December 7, 2020 – Almonty Industries Inc. is pleased to announce the execution of the Facility Agreement (loan agreement) and the Completion Agreement with KfW-IPEX Bank GmbH for the US$75.1 million project financing for its wholly-owned Sangdong Mine located in South Korea.
Interim Condensed Consolidated Financial Statements For the Three and Nine Months Ended September 30, 2020 and 2019
Interim Condensed Consolidated Financial Statements For the Three and Nine Months Ended September 30, 2020 and 2019
Management’s Discussion and Analysis For the Three and Nine Months Ended September 30, 2020
Almonty Industries Inc. today announced the filing of its unaudited interim consolidated financial statements and management’s discussion & analysis (MD&A) for the three months ended September 30, 2020. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars.
New Production Sources of Tungsten Are Critical to Maintaining Healthcare Industry Supply
The trade relations between China and the U.S. have been tense over the last few years. This past January, China and the U.S. signed a “phase one” trade deal, where China agreed to buy an additional $200 billion of American goods and services over the following two years.
Construction of the World’s Largest Tungsten Mine Continues
A significant moment for Almonty Industries. Breaking ground for the ‘Monty B Portal’ at Almonty Industries’ Sangdong Mine finally sees construction of the World’s Largest Tungsten Mine commence in South Korea.
Construction Executive – International Trade: A Game Plan for Rare Earths and Strategic Metals
China controls the market for nearly 35 precious minerals and metals that are important for production and manufacturing, and tungsten is among them. However, Almonty Industries is growing its mining projects that are critical to increase supply levels and exports back to the United States.
Sustainability in Mining – Beralt Tin and Wolfram (Portugal)
At Beralt Tin and Wolfram (Portugal), S.A. (BTW) we are committed to embrace every single one of the UN Sustainable Development Goals, connected to our activity and stakeholders. See the sustainability program Almonty has conducted at its Panasqueira Mine.
News | Financial – Almonty Industries: Access To Critical Raw Materials
News | Financial – https://news.financial has published an article titled ‘Developments Of Great Importance’ in which it lists Almonty Industries as an emerging force in its increasing ability to supply the raw material Tungsten to a resurging global manufacturing industry.
Almonty Industries Second Update For Sangdong Mine US$75M Project Financing And The Finalization Of The Facility Agreement.
Almonty Industries Inc. is pleased to provide a second update regarding the US$75M Project Financing with the KfW-IPEX Bank (“KfW”) for our wholly-owned Sangdong Mine.
A Survey of US Manufacturing Executives Illustrates the Concerns of China-Controlled Strategic Metals Supply Dominance
Almonty commissioned an online survey during the last week of June 2020, asking a series of raw material supply chain questions in front of roughly 150 business executives across industries such as construction, automotive, technology manufacturing, building products and electrical components.
Almonty Korea Tungsten
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 Commencement Of Its Corporate And Board Restructuring To Shift Its Focus Toward Korea
Tungsten
The history of tungsten dates back to the Middle Ages. Learn more about Tungsten and Almonty Industries.
Almonty Industries
Almonty specializes in acquiring distressed and under-performing operations and assets in tungsten markets.
8 September 2020 – Almonty Industries Inc. is pleased to announce it has been named to the 2021 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.
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
Investment Information & Financials
New Production Sources of Tungsten Are Critical to Maintaining Healthcare Industry Supply
Construction of the World’s Largest Tungsten Mine Continues
Construction Executive – International Trade: A Game Plan for Rare Earths and Strategic Metals
California’s new electrical vehicle proposal could considerably increase US demand for Tungsten
Lewis Black joins Brian Nichols to discuss the US trade economy, COVID impacts, and China’s economic strategies
A Meeting between Almonty and the Deputy Minister of MOTIE for the Korean Central Government was hosted by AMCHAM
News | Financial – Almonty Industries: Access To Critical Raw Materials
The Korea Times Interviews Almonty’s CEO Lewis Black and Former US Senator Alfonse D’Amato on the Growing Global Significance of Almonty’s Sangdong Mine in Korea