Welcome to our dedicated page for ALI news (Ticker: ALI), a resource for investors and traders seeking the latest updates and insights on ALI stock.
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Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ALI's position in the market.
Almonty Industries Inc. (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) has announced an extension of maturity dates for approximately $54.1 million of its debt facilities, now due at the end of Q4 2023. The financing terms remain unchanged, comprising interest-only balloon facilities. Additionally, JH Kim has been appointed as CFO for Almonty Korea Tungsten, bringing over 16 years of experience from Honeywell Korea. This extension strengthens Almonty’s balance sheet and represents lender confidence ahead of the financial closing for the Sangdong project and an upcoming ASX listing.