Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now Frankfurt - Delayed Quote • EUR Almonty Industries Inc. (ALI0.F) Follow Compare 1.2100 -0.0200 (-1.63%) At close: February 21 at 9:01:46 AM GMT+1 All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations 3 TSX Growth Companies With At Least 11% Insider Ownership As the Canadian economy faces challenges with a recent contraction in GDP and rate cuts by the Bank of Canada amid tariff uncertainties, investors are keenly observing growth opportunities that may arise from these shifting dynamics. In such an environment, companies with substantial insider ownership often stand out as they can signal confidence from those closest to the business, making them potential candidates for investors looking to capitalize on growth within a recovering market. Tungsten Miner Says Clients in Disbelief as China Chokes Supply (Bloomberg) -- The phone has been ringing off the hook for Lewis Black after China imposed export controls on tungsten, a niche metal mined by his firm that’s crucial to weapons manufacturing.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesSan Francisco Wants Wealthy Donors to Help Fix Fentanyl CrisisNY Transit Advocate Says Billion Almonty Receives Final Commitments Under an A$18.45 Million Equivalent Equity Placement TORONTO, January 31, 2025--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that the Company has received the final commitments of 3,333,333 Placement Chess Depository Units ("CDI 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 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 TORONTO, January 29, 2025--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) announces that it has entered into an exclusive offtake agreement ("Agreement" or "Offtake") with SeAH M&S ("SeAH"), the largest processor of molybdenum products in South Korea and the second largest Molybdenum oxide smelter in the world, pursuant to which SeAH has agreed to purchase 100% of the material produced from Almonty’s Sangdong Molybdenum Project (the "Sa Almonty Announces Intention to Relocate to the United States TORONTO, January 20, 2025--Almonty Industries Inc. ("Almonty" or the "Company") (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. We refer to this transaction as a "US domestication" in this press release. The US domestication reflects the growing import While insiders own 18% of Almonty Industries Inc. (TSE:AII), retail investors are its largest shareholders with 55% ownership Key Insights Significant control over Almonty Industries by retail investors implies that the general public has more... Almonty Receives its Final Drawdown from KfW IPEX-Bank for Ongoing Construction of the Sangdong Tungsten Mine TORONTO, January 09, 2025--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that it has received its final drawdown of US$906,000 of the US$75.1 million KfW IPEX-Bank ("KfW") project loan facility related to the construction of the Company’s Sangdong Tungsten Mine in South Korea. This milestone marks the culmination of a strong and collaborative partnership with KfW, which has consistently demonstrated unwavering su Almonty Receives Additional Commitments Under a Proposed Equity Placement TORONTO, January 08, 2025--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that the Company has received further commitments, thus increasing the total Placement to raise gross proceeds for the equivalent of A$15.45 million via the issuance of 4.53 million Canadian units and 12.08 million Placement Chess Depository Interests Units ("CDIs") at C$0.82 per Canadian unit and A$0.90 per CDI Unit ("Placement"), respectiv Investing in Almonty Industries (TSE:AII) five years ago would have delivered you a 117% gain The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, if... Almonty Advances Sangdong Mine with Installation of Metso Equipment for Tungsten Processing Plant TORONTO, November 21, 2024--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), has announced a significant milestone in the development of its Sangdong tungsten mine and processing plant with the arrival and installation of cutting-edge grinding equipment from Metso Corporation. This development brings the Sangdong project one step closer to full operations, marking a pivotal moment in the effort to supply an enormous new source of tungs Almonty Industries Celebrates Designation of Yeongwol County as an Opportunity Development Special Zone to Enhance Sangdong Mine Expansion TORONTO, November 18, 2024--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), is pleased to announce that the Company’s Sangdong Mine has been recognized as a priority site to attract large-scale corporate investment. Almonty Industries Inc. Appoints Fernando Vitorino as Chief Operating Officer of Almonty Korea Tungsten Corp. ("AKTC") TORONTO, November 18, 2024--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), is pleased to announce the appointment of Mr. Fernando Vitorino as Chief Operating Officer (COO) of AKTC. In this role, Mr. Vitorino will oversee the Company’s operations, drive operational excellence, and support AKTC in achieving its key operational and development objectives. Almonty Industries Third Quarter 2024 Earnings: CA$0.021 loss per share (vs CA$0.008 loss in 3Q 2023) Almonty Industries ( TSE:AII ) Third Quarter 2024 Results Key Financial Results Revenue: CA$6.79m (up 52% from 3Q... Almonty Announces the Filing of Its Q3-2024 Unaudited Condensed Interim Consolidated Financial Statements and MD&A for the Nine Months Ended September 30, 2024 and $3,323,000 in Positive EBITDA From Mining Operations(1). TORONTO, November 15, 2024--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announced the filing of its unaudited condensed interim consolidated financial statements and its management’s discussion & analysis ("MD&A") for the nine months ended September 30, 2024. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. Bullish Almonty Industries Insiders Loaded Up On CA$1.55m Of Stock When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase... Almonty Completes Final Technical Review Prior To Processing Plant Equipment Installation at the Sangdong Mine TORONTO, September 11, 2024--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), is pleased to announce the successful completion of its pilot plant trial production, which marks the final stage of flotation processing technology development ahead of processing plant equipment installation at the Company’s Sangdong Mine in South Korea. Global Geologists Visit Sangdong Mine during September, 2024 IGC Conference in South Korea TORONTO, September 06, 2024--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), is pleased to announce that, on September 2, 2024, renowned geologists from around the world visited the Company’s Sangdong Tungsten Mine in Yeongwol, Gangwon Province, South Korea. These geologists are visiting South Korea to attend the 2024 International Geological Congress ("IGC"), hosted by the International Union of Geological Sciences ("IUGS") in Busan, Almonty to Lead Global Supply Chain Re-entry of Tungsten in South Korea TORONTO, August 28, 2024--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), through its wholly-owned South Korean subsidiary, Almonty Korea Tungsten Corporation ("AKTC"), is pleased to announce that it has recently hosted a delegation from the United States Geological Survey ("USGS") at its Sangdong Mine in Yeongwol County, Gangwon Province, to assess the ongoing redevelopment of our tungsten mine. The visit marks a significant mileston Almonty Industries Second Quarter 2024 Earnings: CA$0.007 loss per share (vs CA$0.006 loss in 2Q 2023) Almonty Industries ( TSE:AII ) Second Quarter 2024 Results Key Financial Results Revenue: CA$7.94m (up 44% from 2Q... Almonty Announces the Filing of Its Q2-2024 Unaudited Condensed Interim Consolidated Financial Statements and MD&A for the Six Months Ended June 30, 2024 and $2,401,000 in Positive EBITDA From Mining Operations(1). TORONTO, August 13, 2024--Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announced the filing of its unaudited condensed interim consolidated financial statements and its management’s discussion & analysis ("MD&A") for the six months ended June 30, 2024. Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars. Performance Overview Trailing total returns as of 2/21/2025, which may include dividends or other distributions. Benchmark is S&P/TSX Composite index Return ALI0.F S&P/TSX Composite index YTD +132.69% +2.14% 1-Year +198.03% +18.52% 3-Year +93.60% +19.70%