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.
News for Almonty Industries Inc. (ALMTF) centers on its role as a global producer of tungsten concentrate and its efforts to build out a portfolio of tungsten-focused mining assets in conflict-free regions. Company announcements highlight ongoing mining, processing and shipping of tungsten concentrate from the Panasqueira Mine in Portugal, construction progress at the Sangdong tungsten mine in Gangwon Province, South Korea, and development work at projects in Spain, including the Valtreixal tin/tungsten project and the Los Santos Mine.
Investors following Almonty’s news can track updates on its Sangdong Mine, which the company describes as historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China. Recent releases include the filing of an updated NI 43‑101 technical report for Sangdong, details on phased mine development plans, and commentary on how the project fits into global tungsten supply outside China.
Almonty’s news flow also covers capital markets and corporate actions, such as its application to list on the Nasdaq Capital Market under the ticker ALM, the pricing of a U.S. underwritten public offering, and a share consolidation approved by shareholders. The company has reported inclusion in the S&P/TSX Global Mining Index and has provided detailed information on amendments to the currency of exercise prices for warrants and CDI options to address accounting treatment.
Other notable news items involve strategic and legal developments, including U.S. Congressional recognition of Almonty’s role in the U.S. critical minerals supply chain, the appointment of a U.S. national security and defense logistics specialist to its board, and the commencement of legal proceedings against Pure Tungsten Inc. Over time, this news page provides a centralized view of Almonty’s operational milestones, regulatory filings referenced in press releases, governance decisions, and its positioning within defense and advanced technology supply chains.
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Almonty Industries has successfully completed its fourth drawdown of
Almonty Industries Inc. has released its audited consolidated financial statements for the year ending December 31, 2022. The company reported a gross revenue of $24,796,000, up from $20,847,000 in 2021. However, it also faced a net loss of $14,490,000 compared to $7,753,000 in the previous year. Key financial metrics included a 9-fold increase in EBITDA from mining operations at its Panasqueira mine, despite incurring a non-cash foreign exchange loss of $2.9 million due to fluctuations in USD/CAD rates. Cash flows from operating activities were negative at ($5,573,000), while long-term debt rose to $89,480,000.
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