Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Almonty Industries Inc. (T:AII)

Business Focus: Specialty Mining & Metals

Mar 27, 2020 04:56 pm ET
Almonty Postpones the Release of Its Fifth Quarter and Fifteen-Month Period Financial Results and Related Disclosure Due to COVID-19 Related Delays
Almonty Industries Inc. (“Almonty”) (TSX:AII / OTCQX:ALMTF / Frankfurt:1MR) (the "Company") announces that due to logistics and delays caused by the COVID-19 virus, it is relying on the exemption provided in Ontario Instrument 51-502 of the Ontario Securities Commission (and similar exemptions provided by other Canadian Securities Regulators) to postpone the filing of the following continuous disclosure documents (collectively the “Documents”):
Mar 13, 2020 01:28 pm ET
Almonty Posts Status of Sangdong Mine With Regard to Coronavirus
Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces that, in response to numerous queries and expressions of concern from investors and shareholders, it provides the up-to-date status and development at its wholly-owned Sangdong Mine located in South Korea with regard to the recent evolvement and spreading of Coronavirus-19 (“COVID-19”).
Mar 06, 2020 04:30 pm ET
Almonty Industries Inc. Completes Financing Transaction of US$2 Million
Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces it has completed a non-brokered private placement of a secured convertible debenture in the principal amount of US$2,000,000 (the “Debenture Offering”). All securities issued pursuant to the Debenture Offering are subject to resale restrictions for a period of four months expiring on July 7, 2020. Almonty intends to use the net proceeds of the Debenture Offering for Sangdong Mine project financing expenses and general corporate purposes.
Feb 24, 2020 07:00 am ET
Almonty Industries Inc. Announces That KfW IPEX-Bank Has Received the Preliminary Export Credit Cover From The Oesterreichische Kontrollbank AG (“OeKB”) For Its Project Financing of the Sangdong Tungs
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has now received notification that the preliminary ECA cover has been issued by OeKB which is underpinning the recently announced binding commitment for the project finance loan of US$76,000,000 from KfW IPEX-Bank. Loan documents are now being drafted and prepared to move to financial closing.
Feb 19, 2020 03:25 pm ET
Almonty Announces the Closing of the Final Tranche of Its Private Placement
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces that it has successfully closed the final tranche of its private placement previously announced on November 27, 2019 (the “Financing”), by issuing 747,244 units for aggregate gross proceeds of $474,500. Each unit was priced at $0.635 per unit and is comprised of one common share of the Company and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of the Company at a price of $0.75 per share for a period of 36 m
Feb 11, 2020 12:41 pm ET
Almonty Industries Appoints European Investor Relations Advisor
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has appointed DGWA, the German Institute for Asset and Equity Allocation and Valuation (“Deutsche Gesellschaft für Wertpapieranalyse GmbH”, “DGWA”), one of the leading European investment banking boutiques, based in Frankfurt and Berlin, Germany, as its Investor Relations advisor in Europe.
Feb 10, 2020 08:00 am ET
Almonty Industries Successfully Extended Its Sangdong Mine’s Off-take Agreement to 15 Years
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has successfully renegotiated and subsequently amended its off-take agreement, originally dated March 12, 2018, (the “Amended Off-Take Agreement”) with an existing customer (the “Customer”) for the tungsten concentrate to be mined and processed at the Company’s wholly-owned Sangdong Tungsten Mine in South Korea. As announced in news releases dated March 13, 2018 and March 15, 2018, the original agreement had a term of 10 years that called for floor price revenues for t
Jan 23, 2020 11:46 am ET
Almonty Industries Inc. Announces Receipt of Binding Commitment for US$76 Million Sangdong Mine Project Financing
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has received a Binding Commitment Letter for US$76,000,000 from KfW IPEX–Bank GmbH (“the “Bank”), the Lender, for the proposed project financing for the development and operation of Almonty’s Sangdong Mine in South Korea.
Jan 10, 2020 05:00 pm ET
Almonty Amends Convertible Debenture
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces that it has entered into an agreement to amend certain terms of the convertible debenture in the principal amount of $5,962,978 (the “Convertible Debenture”) originally issued by the Company on January 30, 2018.
Dec 17, 2019 05:44 pm ET
Almonty Announces Closing of Second Tranche of Private Placement
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces that it has closed the second tranche of its private placement previously announced on November 27, 2019 (the “Financing”), by issuing 180,000 units for aggregate gross proceeds of $114,300. Each unit was priced at $0.635 per unit and is comprised of one common share of the Company and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of the Company at a price of $0.75 per share for a period of 36months from th
Dec 09, 2019 04:55 pm ET
Almonty Announces Closing of First Tranche of Private Placement
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) announces that it has closed the first tranche of its private placement previously announced on November 27, 2019 (the “Financing”), by issuing 1,120,000 units for aggregate gross proceeds of $711,200. Each unit was priced at $0.635 per unit and is comprised of one common share of the Company and one share purchase warrant. Each share purchase warrant entitles the holder to purchase one additional common share of the Company at a price of $0.75 per share for a period of 36 months from
Nov 27, 2019 04:45 pm ET
Almonty Announces $1.3M Non-Brokered Private Placement
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce a non-brokered private placement raising gross proceeds of up to $1,300,000 through the issuance of up to 2,047,244 units at a price of $0.635 per unit. Each unit will be comprised of one common share of the Company and one share purchase warrant with each share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.75 per share for a period of 36 months from the date of closing of the non-brokered private plac
Nov 14, 2019 06:21 pm ET
Almonty Achieves Positive EBITDA From Mining Operations of $1,050,000 in Q4 of FY 2019 and $0.05 EPS for the 12 Months
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and twelve months ended September 30, 2019.
Sep 19, 2019 08:00 am ET
Almonty Announces the Execution of an Amended and Restated Loan Agreement with Unicredit Bank AG
Almonty Industries Inc. (TSX:AII) (the “Company”) is pleased to announce that it has entered into an Amended and Restated Loan Agreement with Unicredit Bank AG (the “Restated Term Loan”).
Sep 04, 2019 08:45 am ET
Almonty Posts Operational Update on Its Mines in Portugal, Spain and South Korea
Almonty Industries Inc. (TSX: AII) (“Almonty”) provides an update on operational development at its wholly owned mines in Portugal, Spain and South Korea:
Aug 27, 2019 08:45 am ET
Almonty Announces the Engagement of the Lead Manager for Its Potential Secondary Listing on KOSDAQ
Almonty Industries Inc. (TSX:AII) (“Almonty”) announces that it has executed an engagement agreement with KB Securities (“KB”), one of the top tier securities companies in Korea and a wholly-owned subsidiary of KB Bank, for the lead management of the potential secondary listing of Almonty on the KOSDAQ section of the Korean Exchange (the “KRX”).
Aug 14, 2019 04:23 pm ET
Almonty Achieves Positive EBITDA From Mining Operations of $3,263,000 in Q3 of FY 2019
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) 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.
Jul 29, 2019 04:15 pm ET
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 Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that 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.
May 29, 2019 05:06 pm ET
Almonty Announces the Signing of the Power Supply and Consumption Agreement for the Sangdong Mine Development with Korea Electric Power Corporation
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX:AII / OTCQX: ALMTF / Frankfurt: 1MR)) 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.
May 14, 2019 09:00 am ET
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 Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) 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.
Mar 29, 2019 06:00 am ET
Almonty Reports Results of Election of Directors
Almonty Industries Inc. (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) (“Almonty” or the “Company”) 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. A total of 95,328,360 common shares or 52.54% of Almonty’s issued and outstanding common shares (the “Shares”) were voted in connection with the Meeting. Shareholders voted by ei
Mar 20, 2019 08:45 am ET
Almonty Announces TSX Approval of Normal Course Issuer Bid
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) 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.
Feb 14, 2019 02:20 pm ET
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 Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three months ended December 31, 2018. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars.
Jan 15, 2019 07:23 am ET
IIROC Trade Resumption - AII
TORONTO, Jan. 15, 2019 /CNW/ - Trading resumes in:
Jan 11, 2019 09:28 pm ET
Almonty Announces Positive $28,472,000 Annual EBITDA from Mining Operations before Non-Cash Impairment Charge (1) and the Filing of Its Audited Annual Financial Statements and MD&A for the Year Ended
Almonty Industries Inc. (“Almonty” or the “Corporation”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis and AIF for the year ended September 30, 2018. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars.
Jan 08, 2019 04:11 pm ET
Almonty Industries Announces Delay in Filing 2018 Financial Results and Cease Trade Order
Almonty Industries Inc. (“Almonty” or the “Corporation”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) discloses today that the filings of the Corporation’s annual financial statements for the fiscal year ended September 30, 2018, the related management’s discussion and analysis and the related officer certifications of the annual filings for the year ended September 30, 2018 (collectively, the “2018 Annual Financial Filings”) were not completed by the deadline of December 31, 2018 (the “Filing Deadline”). As a result, a
Jan 08, 2019 07:07 am ET
IIROC Trading Halt - AII
TORONTO, Jan. 8, 2019 /CNW/ - The following issues have been halted by IIROC:
Nov 27, 2018 09:00 am ET
Almonty Announces the Commencement of the Mine Development Work at Its Wholly-Owned Sangdong Mine
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that it has commenced the drift development at the Sangdong tungsten mine located in the Republic of Korea.
Oct 04, 2018 04:30 pm ET
Almonty Provides Update on the Project Financing for the Sangdong Mine
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce that KfW IPEX-Bank GmbH (“KfW IPEX-Bank” or the “Bank”) has consented to the Company disclosing KfW IPEX-Bank as the lender and the general terms of the proposed debt project financing for Almonty’s Sangdong mine in Korea. The project financing approval process is now in the late stage of finalisation by the bank, with due diligence almost complete.
Aug 13, 2018 09:58 pm ET
Almonty Achieves Positive EBITDA from Mining Operations(1) of $12,702,000 And Net Income of $0.04 Per Share in Q3 of FY 2018
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) 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, 2018. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars.
Jul 26, 2018 09:00 am ET
Almonty Industries to Improve Concentrate Output at Panasqueira Mine in Portugal
Almonty Industries Inc. (“Almonty” or the "Company") (TSX: AII / OTC: ALMTF / Frankfurt: 1MR) is pleased to announce that the ore sorting equipment has arrived at its Panasqueira mine in Portugal. The equipment was released by customs last week and during the 23rd and 24th of July 2018, the entire installation arrived at the mine.
Jul 12, 2018 06:00 am ET
OTC Markets Group Welcomes Almonty Industries to OTCQX
NEW YORK, July 12, 2018 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Almonty Industries Inc. (TSX: AII; OTCQX: ALMTF), which specializes in acquiring distressed and under-performing operations assets in tungsten markets, has qualified to trade on the OTCQX® Best Market.  Almonty Industries upgraded to OTCQX from the Pink® market. ...
Jul 11, 2018 04:10 pm ET
Almonty Industries Receives Approval on OTCQX Application
Almonty Industries Inc. (“Almonty” or the "Company") (TSX: AII) (Frankfurt: 1MR) is pleased to announce that, further to its news release dated June 26, 2018, its application to have its common shares quoted on the OTCQX® Best Market, the top tier market operated by the OTC Markets Group (“OTCQX”) has been approved. Shares can be traded in the US under the ticker symbol “ALMTF”.
Jul 05, 2018 09:00 am ET
Almonty Industries Inc. Announces Demolition Work at Sangdong Mine Site Completed
Toronto, Ontario--(Newsfile Corp. - July 5, 2018) - Almonty Industries Inc. (TSX: AII) (OTC: ALMTF) ("Almonty" or the "Company") is pleased to report that the demolition work at the Company's wholly-owned Sangdong Mine site in South Korea is now completed, only leaving the last procedure of concrete recycling, for which the Company has already obtained a permit and which is now underway, in preparation for the upcoming mine construction phase.
Jun 26, 2018 09:00 am ET
Almonty Industries Inc. Makes Application to the OTCQX
Toronto, Ontario--(Newsfile Corp. - June 26, 2018) - Almonty Industries Inc. (TSX: AII) (OTC:  ALMTF) ("Almonty" or the "Company") is pleased to announce that it has applied to have its common shares quoted on the OTCQX, the top tier marketplace provided by the OTC Markets Group ("OTCQX"). The quotation of the Company's common shares on the OTCQX remains subject to the approval of that marketplace and the satisfaction of applicable quotation requirements.
May 30, 2018 04:31 pm ET
Almonty Industries Inc. Announces Graduation to TSX
Almonty Industries Inc. (“Almonty” or the "Company") (TSX-V: AII):
Apr 03, 2018 12:50 pm ET
Mar 15, 2018 01:16 pm ET
IIROC Trading Resumption - AII
VANCOUVER, March 15, 2018 /CNW/ - Trading resumes in:
Mar 13, 2018 05:00 pm ET
IIROC Trading Halt - AII
VANCOUVER, March 13, 2018 /CNW/ - The following issues have been halted by IIROC:
Dec 28, 2017 11:06 am ET
Almonty Announces the Signing of the EPC Contract for the Sangdong Mine Development with POSCO E&C – WORK TO COMMENCE EFFECTIVE JANUARY 2ND, 2018
Almonty Industries Inc. (TSX-V:AII) (“Almonty”) announces that it has signed an EPC (Engineering, Procurement and Construction) Contract with POSCO E&C for the development works at the Sangdong Tungsten and Molybdenum Mine located in the Republic of Korea.
Nov 09, 2017 12:36 pm ET
Oct 25, 2017 12:54 pm ET
Nov 29, 2016 11:03 am ET
IIROC Trading Resumption - AII
VANCOUVER, Nov. 29, 2016 /CNW/ - Trading resumes in:
Nov 28, 2016 05:10 pm ET
IIROC Trading Halt - AII
VANCOUVER, Nov. 28, 2016 /CNW/ - The following issues have been halted by IIROC: