AII - Almonty Industries Inc.

[System]

Almonty Industries Inc. is a TSX listed entity engaged in mining, processing and shipping of tungsten concentrate. Almonty was incorporated under the Business Corporations Act (British Columbia) in 2009 and was continued under the CBCA in 2012. Almonty conducts business from its head office in Toronto, Canada, and is a significant tungsten miner outside of China. Almonty specialises in acquiring distressed and underperforming operations and assets in tungsten markets. Almonty has strong in-house operational experience and expertise in the tungsten market.

Almonty has four projects spanning across South Korea, Portugal and Spain. Of these projects, Almonty currently has one producing tungsten mine located in Portugal, one tungsten mine currently under planned care and maintenance in Spain and it is currently developing a significant tungsten mine outside of China via its flagship project in Sangdong, South Korea, which is set to begin production soon. Almonty also has a project in Spain which is currently in the licensing stage.

It is anticipated that AII will list on the ASX during July 2021.

Almonty Industries - Leaders In Tungsten

Almonty Industries Inc. engages in the mining, processing, and shipping of tungsten concentrate. Almonty Industries is headquartered in Toronto, Canada.

almonty.com

 

[Dona Ferentes]

Listing date	20 July 2021 11:30 AM AEST ##
Contact details	Almonty Industries - Leaders In Tungsten Almonty Industries Inc. engages in the mining, processing, and shipping of tungsten concentrate. Almonty Industries is headquartered in Toronto, Canada. almonty.com +1 (647) 438-9766
Principal Activities	Mining and exploration.
GICS industry group	TBA
Issue Price	$1.00
Issue Type	CHESS Depositary Interests
Security code	AII
Capital to be Raised	$13,500,000
Expected offer close date	8 July 2021
Underwriter	Partially underwritten. Lazarus Corporate Finance Pty Ltd (Underwriter and Lead Manager)

 

[Dona Ferentes]

AII been listed for a year, and has been trading, sporadically, at or below its IPO price; now 93c. Raised $2M at 85c recently (working capital!)

Like other stocks EQR, G6M, the performance is going nowhere, and seems tied to that of tungsten price.

 

[Dona Ferentes]

movement at the station
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20 Jan: Almonty Announces Intention to Relocate to the United States
Toronto – 20 January 2025 – Almonty Industries Inc. (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that the Company is planning to change its jurisdiction of incorporation from Canada to the State of Delaware while maintaining its listings for now
on the Toronto Stock Exchange and the Australian Securities Exchange.

30 Jan: Almonty Industries Has Entered Into an Offtake Agreement with SeAH Group, the Korean Steel Giant and SpaceX Contractor, to Supply SeAH with the Entire Production of Molybdenum from Almonty's Sangdong Molybdenum Project for the Life of Mine.

31 Jan: The Company has received the final commitments of 3,333,333 Placement Chess Depository Units from long-standing shareholders made in December 2024. The total Placement of gross proceeds of the equivalent of A$18.45 million is comprised of the issuance of 4.53 million Canadian units and 15.41 million CDI Units at C$0.82 per Canadian unit and A$0.90 per CDI Unit respectively.

Each Canadian unit and CDI Unit participant will be issued with one warrant for every common share issued and one free unlisted option for every one CDI issued, exercisable at C$1.14 and A$1.25
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and still moving higher ... happy shareholders!

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nh

 

[Dona Ferentes]

07 May - announced the execution of a binding Offtake Agreement with Tungsten Parts Wyoming, Inc., a U.S.-based defense contractor, and Metal Tech, a tungsten processor based in Israel. Under the agreement, TPW has committed to purchase a minimum of 40 metric tons of tungsten oxide per month from Almonty. All material supplied under the agreement is to be exclusively used in U.S. defense applications, including use in missile, drone, and ordnance systems. MT, acting as the designated processor, will convert the tungsten oxide into tungsten metal powder in Israel or the United States, with all processed material intended solely for TPW’s U.S. defense production programs.
Deliveries will commence upon Almonty’s initial production of tungsten oxide in commercial quantities.

10 June - announced the receipt of a formal letter [availab from the Chairman and Ranking Member of the U.S. House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. The letter underscores Almonty’s strategic importance to the United States as it seeks to secure critical mineral supply chains amid rising geopolitical tensions. Specifically, the Committee acknowledged:
• The significance of Almonty’s Sangdong Mine in South Korea, which is expected to become the largest tungsten producer outside of China.
• The Company’s planned redomiciling to the United States, positioning Almonty to become the only U.S.-based company producing tungsten concentrates at commercial scale.

 

[Dona Ferentes]

trading as AIIDA for a while, and hit $8.00

a $1 share a year ago

 

[Dona Ferentes]

back trading as AII .... $7.37

Almonty Announces Nasdaq Listing Concurrent with Pricing of US$90 Million Upsized, Oversubscribed Public Offering​

Trading on the Nasdaq Expected to Commence Today Under the Ticker “ALM”

TORONTO – July 14, 2025 – Almonty Industries Inc. (TSX: AII) (ASX: AIIDA) (OTCQX: ALMTF) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, announced today the pricing of its underwritten public offering in the United States of 20,000,000 common shares at a public offering price of US$4.50 per Common Share, for total gross proceeds of US$90 million. In connection with the Offering, the Company has granted the Underwriters a 30-day over-allotment option to purchase up to an additional 3,000,000 Common Shares at the public offering price, less the underwriting discount.