Almonty Industries is pleased to announce that it has entered into an Amended and Restated Loan Agreement with Unicredit Bank AG (the “Restated Term Loan”).
Almonty Industries provides an update on operational development at its wholly owned mines in Portugal (Panasqueira Mine), Spain (Los Santos Mine ) and South Korea (Sangdong Mine).
An article published on 29th August 2019 by the Korea Economic Daily in regards to Almonty Industries’ intention to pursue IPO in South Korea and a KOSDAQ listing. Written by reporter Go-Eun Lee.
Watch our short video to discover the incredible and rich history surrounding this iconic Tungsten mine, as we reveal why this incredible resource is being reawakened after 25 years of dormancy.
Almonty announces it has executed an engagement agreement with KB Securities for the lead management of the potential secondary listing of Almonty on the KOSDAQ section of the Korean Exchange (the “KRX”).
Almonty today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and nine months ended June 30, 2019. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars.
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.
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