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”).
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.
Drawdown of KfW US$75m Loan Imminent Following Satisfaction of All Conditions Precedent
Almonty Industries Inc. (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce an update in relation to the KfW US$75.1 million loan facility. Almonty advises that it is in receipt of the completion of conditions precedent letter from KfW. Almonty has now satisfied all of the 110 conditions precedent.
Yeongwol Tungsten Mine Restarts After 20 Years… Korea reimagining ‘necessary goods independence strategy’
hankookilbo.com: Yeongwol Tungsten Mine, owned by Almonty Industries Inc. is set to restart tungsten production after 20 years of dormancy…Sangdong Mine will be the biggest tungsten mine outside of China, and dependence on Chinese tungsten oxide can be greatly reduced.
Almonty Industries Signs an MOU with Local High School to Provide Job-Related Field Training Opportunities
Almonty Industries Inc. announced on the 27th December 2021 their intention to engage in community contribution activities including hiring local talent in Yeongwol and restoring the fire-damaged facilities at the local Catholic Church.
The Road & River Diversion Program Completed at the Sangdong Mine Project in Korea
The road and river diversion project has been completed at the Sangdong Mine site in Korea. Monthly meetings have been conducted with local residents in order to provide updates on what is happening at the site, and to take any questions/comments they had.
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.
Metso Equipment Arrives at Sangdong
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
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
Significant Maiden Molybdenum Resource Defined Adjacent To The Tungsten Orebody At Sangdong Mine In South Korea
Almonty Announces Receipt of the Fully Executed Utilization Request for the First Drawdown of the US$75.1M Facility
Almonty Raises a Further A$2.12M in Private Placement to Advance Ongoing Growth Opportunities
Almonty Announces the Filing of its Unaudited Interim Condensed Consolidated Financial Statements and 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 Announces the Filing of its Audited Consolidated Financial Statements, MD&A and AIF for the Year Ended December 31, 2021
