Almonty Announces Positive Q1-2020 EBITDA From Mining Operations and the Filing of its Unaudited Interim Consolidated Financial Statements And MD&A For The 3-Months Ended March 31, 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 March 31, 2020. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars.
Almonty Industries Inc. (TSX:AII) (“Almonty”) announces that it has received, from the Municipality of Pedralba de la Paraderia in Spain, a new land classification for its Valtreixal Property whereby the property is now deemed to be suitable for extraction activity.
Almonty Announces Finalization of Plant Layout of Sangdong Mine upon Fixation of Backfill Plant Location
Almonty Industries Inc. (TSX:AII) (“Almonty”) announces the finalization of the plant layout and configuration upon the fixing of the location of the backfill plant at the site of the Sangdong Mine, Almonty’s wholly-owned mine in South Korea.
Almonty Industries Inc. announces the start of trading of Almonty shares on Xetra, the electronic trading system of Deutsche Börse AG in Germany. MWB Wertpapierhandelsbank AG, as designated sponsor, will handle the trading of shares with immediate effect and therefore contribute to increased liquidity and a higher turnover.
Almonty Announces Completion and Receipt of Basic Engineering Work for the Sangdong Processing Plant by Metso
Almonty Industries announces the completion and delivery of the basic engineering work by Metso Corporation for the crushing and grinding units of the processing plant of Almonty Korea Tungsten (“AKT”), Almonty’s wholly-owned subsidiary in South Korea, on the 15th of May, 2020.
Almonty announces positive $16,440,000 annual EBITDA from mining operations before non-cash impairment charge and the filing of its audited annual financial statements and MD&A for the fifteen months ended December 31, 2019
Almonty Industries Inc. today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis and AIF for the fifteen months ended December 31, 2019.
Almonty Announces Execution of Memorandum of Understanding with Provincial and County Governments for Collaboration and Supports for Sangdong Mine Development Project
Almonty Industries Inc. announces the execution of a Memorandum of Understanding (“MOU”) among Gangwon Provincial Government, Yeongwol County Government and Almonty Korea Tungsten (“AKT”), its wholly owned subsidiary in South Korea on the 7th of May, 2020.
In an interview with Oswald Salcher, Lewis Black, President and CEO of Almonty Industries explains what tungsten is used for and how investors can benefit from Almonty Industries’ success.
Almonty Korea Tungsten, 26 April 2020 – Governor Moon-Soon Choi expressed his pleasure on the development of Sangdong Mine, particularly the commitment of KfW IPEX-Bank. He requested an all-out effort amongst the Provincial Government/Congress and the County Government/Congress in supporting one of the nation’s most prestigious projects.
Almonty Korea Tungsten, 2 April 2020 – Provincial government officials’ in South Korea visit the Almonty Korea Tungsten Sangdong Mine site to review progress made to date and begin the process of providing cash subsidies.
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