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Almonty Industri - ALMTF STOCK NEWS

Welcome to our dedicated page for Almonty Industri news (Ticker: ALMTF), a resource for investors and traders seeking the latest updates and insights on Almonty Industri stock.

Almonty Industries Inc. (ALMTF) is a Canadian mining company focused on tungsten projects globally. With a strong track record of successful operations, Almonty is dedicated to sustainable mining practices and community engagement. The company's core business involves the exploration, development, and production of high-quality tungsten concentrates, essential for various industrial applications. Almonty's financial stability, strategic partnerships, and commitment to innovation position it as a leader in the tungsten mining sector.

News

Almonty Announces the Filing of Its Q1-2024 Unaudited Condensed Interim Consolidated Financial Statements and MD&A for the Three Months Ended March 31, 2024 and $896K in Positive EBITDA From Mining Operations(1).

Rhea-AI Summary

Almonty Industries filed its unaudited condensed interim consolidated financial statements and MD&A for Q1-2024, ending March 31, 2024. The company reported gross revenue of $7.824 million, up from $7.097 million in Q1-2023. However, the net loss widened to $3.782 million from $2.416 million in the same period last year, primarily due to higher mine production costs, increased interest expenses, and foreign exchange losses.

Almonty's Panasqueira mine in Portugal contributed positively to EBITDA from mining operations, totaling $896K. The company also converted over $9 million of long-term debt into shares and extended the maturity date of additional debt to March 2027.

The Sangdong Mine's construction is progressing with timely drawdowns from the KfW IPEX-Bank loan. Almonty aims to complete the build-out phase soon.

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Almonty Receives Further Commitments For A$1.9M Under Previously Announced Placement

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Almonty Industries Inc. received firm commitments to raise A$1.9M through the issuance of 3,000,000 CDIs at A$0.62 per unit after a previous placement. Participants will also receive one free unlisted option for each CDI, exercisable at A$0.84. The funds will support general working capital and offer costs.

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Almonty Announces Proposed Extension of Share Purchase Warrants

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Almonty Industries Inc. (ALMTF) plans to extend the term of 700,000 outstanding share purchase warrants by one year to February 19, 2025, subject to TSX and shareholder approval. Insider Warrants held by Lewis Black and Dr. Thomas Gutschlag will be extended. The Company also plans to extend the term of 714,285 outstanding share purchase warrants held by one individual to May 12, 2025. Shareholder approval will be sought at the annual general meeting on June 28, 2024.

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Almonty Closes Additional Tranches of Private Placement

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Almonty Industries Inc. has closed three tranches of a non-brokered private placement, raising gross proceeds of CDN$2,344,795 and A$945,000. The placement includes common shares, share purchase warrants, CDIs, and unlisted options, with proceeds allocated for general working capital and downstream project planning. Insiders participated in the placement, considered a related party transaction under MI 61-101.
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Almonty Announces the Filing of Its Annual Audited Consolidated Financial Statements, MD&A and AIF for the Year Ended December 31, 2023 and $2.2M in Positive EBITDA From Mining Operations(1).

Rhea-AI Summary
Almonty Industries Inc. announces the filing of its audited annual financial statements for 2023, reporting a decrease in gross revenue compared to 2022. The company shows efforts in cleaning up its balance sheet by converting long-term debt and extending maturity dates. Almonty is currently focused on the construction of its Sangdong Mine.
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Almonty Industries Inc. - Placement of Common Share Units and CDI’s raises C$1.47 million1 with Further Commitments of C$1.178 million for acceleration of Tungsten downstream planning and Molybdenum reserves conversion.

Rhea-AI Summary
Almonty Industries Inc. has successfully closed a non-brokered private placement, raising $1,467,400 through the sale of 2,668,000 units at $0.55 per unit. The company also secured firm commitments to raise A$201,500 through the issuance of 325,000 Placement CDI Units at A$0.62 per unit. The proceeds will be utilized for general working capital and downstream project planning.
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Almonty to Receive the US$13.7 Million Sixth Drawdown from KfW IPEX-Bank

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Almonty Industries Inc. (AII) has received a fully executed Utilization Request for US$13.7 million in conjunction with the sixth drawdown on the US$75.1 million KfW IPEX-Bank loan facility for the construction of the Company’s Sangdong Mine in South Korea. This drawdown is scheduled for release on November 24, 2023, bringing the total drawdowns to date to US$53.9 million.
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Almonty Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Nine Months Ended September 30, 2023 and $1.74M in Positive EBITDA From Mining Operations(1)

Rhea-AI Summary
Almonty Industries Inc. (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis for the three and nine months ended September 30, 2023. The financial information includes gross revenue, mine production costs, income from mining operations, and net loss for the period among others. The company's cash, total assets, long-term debt, shareholders' equity, and outstanding shares are also provided.
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Almonty Placement of Common Share Units and CDI’s raises C$500,000, US$733,333 and A$550,000

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Almonty Industries Inc. has received firm commitments to raise gross proceeds of C$500,000, US$733,333, and A$550,000 via a placement. The CEO and a director will be investing C$500,000 and US$366,666.63, respectively. The proceeds will be used for general working capital and offer costs.
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Almonty Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Six Months Ended June 30, 2023 and $1.1M in Positive EBITDA From Mining Operations(1).

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FAQ

What is the current stock price of Almonty Industri (ALMTF)?

The current stock price of Almonty Industri (ALMTF) is $1.2845 as of February 21, 2025.

What is the market cap of Almonty Industri (ALMTF)?

The market cap of Almonty Industri (ALMTF) is approximately 353.8M.

What is Almonty Industries Inc. focused on?

Almonty Industries Inc. is a Canadian mining company primarily focused on tungsten projects globally.

What is the core business of Almonty Industries Inc.?

Almonty's core business involves the exploration, development, and production of high-quality tungsten concentrates.

What sets Almonty Industries Inc. apart from its competitors?

Almonty stands out for its commitment to sustainable mining practices, strong track record of successful operations, and strategic partnerships.

What is the significance of tungsten in industrial applications?

Tungsten is essential for various industrial applications due to its high melting point, density, and strength properties.

How does Almonty Industries Inc. contribute to the mining sector?

Almonty contributes to the mining sector through its focus on innovation, financial stability, and community engagement.

Where does Almonty Industries Inc. operate?

Almonty operates globally, with tungsten projects located in different regions to ensure a diversified portfolio.

What is Almonty Industries Inc.'s approach to sustainable mining?

Almonty is committed to sustainable mining practices, environmental stewardship, and social responsibility.

How does Almonty Industries Inc. engage with local communities?

Almonty engages with local communities by prioritizing transparency, communication, and collaboration in its operations.

What are some recent achievements of Almonty Industries Inc.?

Almonty has achieved significant milestones in its exploration, production, and corporate development endeavors.

What can investors expect from Almonty Industries Inc. in the future?

Investors can anticipate continued growth, innovation, and strategic initiatives from Almonty Industries Inc. in the future.
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Almonty Industri

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353.75M
125.39M
36.98%
0.02%
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