This management’s discussion and analysis (“MD&A”), dated August 14, 2019, provides a review of, and discusses the financial position and results of operations of, Almonty Industries Inc. (TSX: AII) (“Almonty” or the “Company”) for the three- and nine-month periods ended June 30, 2019.
Interim Condensed Consolidated Financial Statements For the Three and Nine Months Ended June 30, 2019 and 2018 (UNAUDITED)
The accompanying interim condensed consolidated financial statements for Almonty Industries Inc. were prepared by management in accordance with International Financial Reporting Standards (IFRS). Management acknowledges responsibility for the preparation and presentation of the interim condensed consolidated financial statements.
Almonty Announces the Acceptance by the Lending Bank of the Final Technical Due Diligence Report on the Sangdong Mine Development Project and the commissioning of the pilot plant
Almonty announces it has obtained the clearance and acceptance by the Lending Bank (“KfW-IPEX Bank”) of the final technical due diligence report on the Sangdong Mine Development Project submitted by the Independent Engineer.
Almonty Announces the Signing of the Power Supply and Consumption Agreement with Korea Electric Power Corporation
Almonty announces that it has signed a Power Supply and Consumption Agreement with Korea Electric Power Corporation (“KEPCO”) for the construction and supply of a power line to the Sangdong Tungsten Mine located in the Republic of Korea.
Almonty Achieves Positive Ebitda From Mining Operations of $7,318,000 and Net Income of $0.02 Per Share in Q2 of FY 2019
Almonty today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and six months ended March 31, 2019. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars.
Almonty today announced that at the annual and special meeting of shareholders held on March 28, 2019 (the “Meeting”), each of the five nominees listed in the management information circular dated February 21, 2019 were elected as directors of the Company.
Almonty today announced that it has filed with the Toronto Stock Exchange (the “TSX”), and the TSX has accepted, a notice of intention of the Company to make a normal course issuer bid (the “NCIB”) permitting Almonty to purchase for cancellation up to 9,072,094 common shares (“Shares”) over a 12-month period, representing approximately 5% of the Shares outstanding as of March 11, 2019.
Almonty achieves positive EBITDA of $10,243,000 from mining operations and net income of $0.04 per share in Q1 of FY 2019
Almonty announces the filing of its un-audited interim condensed consolidated financial statements and management’s discussion & analysis for the three months ended December 31, 2018.
Almonty announces positive $28,472,000 annual EBITDA from mining operations before non-cash impairment charge and the filing of its audited annual financial statements and MD&A for the year ended September 30, 2018
Almonty announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis and AIF for the year ended September 30, 2018.
Los Santos & Valtrexial 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