Almonty Industries Inc. Announces the Scheduling of the Historical Confirmation Drilling Campaign for its Sangdong Moly Project.
Almonty Industries is pleased to announce that it has now scheduled a start date of the week of April 12th, 2021 to commence a 12,500m drilling campaign to convert the existing historical data for its Sangdong Molybdenum Project into a NI 43-101 and JORC compliant report.
Almonty Industries Inc. Announces the Expansion of its ESG (Environmental, Social and Governance) Program
Almonty Industries is pleased to announce the expansion of its current Environmental, Social and Governance (ESG) program at its Panasqueira mine in Portugal and at its Sangdong project in South Korea.
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 Industries is pleased to announce the closing of its private placement with existing European shareholders of 2,830,000 shares at CDN$0.75 per share. Orders have now been placed the primary crusher and sag mill with Metso/Outotec.
Almonty Industries Announces the Process for the Secondary Listing on the ASX Has Now Been Initiated
Almonty Industries Inc. is pleased to announce that the application for the secondary listing on the Australian Stock Exchange (“ASX”) has begun and the estimate is for the listing to be effective no later than April 2021.
Almonty Announces The Commencement Of Its Corporate And Board Restructuring To Shift Its Focus Toward Korea
Almonty is pleased to announce the first two new additions to our team as the Company begins its transition toward a much greater focus on Korea and the greater Asian and Australian financial markets. These appointments will become effective February 1st, 2021.
Almonty Industries Inc. has Closed a US$1,201,000 (CDN $1,537,688) Non-brokered Private Placement at CDN$0.75 with Lewis Black and Deutsche Rohstoff AG
Toronto – January 4, 2021 – Almonty Industries Inc. is pleased to announce that it has closed a non-brokered private placement raising gross proceeds of US$1,201,000 (CDN$1,537,688) through the issuance of 2,050,251 shares at a price of CDN$0.75 per share representing a more than 17% premium to current market.
Toronto – December 14, 2020 – Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce an end-of-year update on all projects around the world.
Stage 1 complete – Construction of the Monty B Portal (the World’s largest tungsten mine) at Almonty Industries’ Sangdong Mine in South Korea has been completed on schedule.
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.
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.
Los Santos & Valtreixal Projects
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