By Vivien Diniz
Almonty Industries Inc. (“Almonty”) (TSXV: AII) Almonty announces that it has signed a binding heads of agreement to sell the Wolfram Camp Mine (“WCM”) in Queensland to ATC Alloys Limited (ASX: ATA) (“ATC”).
According to the company’s news:
The proposed consideration for the sale is 120 million fully paid ordinary shares in
Almonty Industries (TSXV:AII) has closed the first tranche of its previously announced non-brokered private placement for gross proceeds of roughly $2.6 million.
Almonty Industries Inc. (TSXV:AII) announced that it’s signed a new five-year offtake agreement for its Panasqueira mine. It’s also signed an amendment to the existing supply agreement for its Los Santos mine; the amendment extends the offtake term for a further five years.
Almonty Industries Inc. (TSXV:AII) announced that it’s completed an updated feasibility study for its South Korea-based Sangdong tungsten mine.
monty Industries Inc. (TSXV:AII) announced that it’s acquired 100-percent of Beralt Ventures Inc. from Sojitz Tungsten Resources Inc., gaining access to the “various rights and interests comprising the Panasqueira tungsten mine” located in Portugal.
Almonty Industries (TSXV:AII) announced that it has filed NI 43-101 technical reports for the Los Santos mines, the Wolfram Camp mine and the Valtreixal project.
As quoted in the press release:
Including the recently acquired Sangdong tungsten mine in Korea, Almonty has a combined proven and probable mineral reserve base of 12,406,289 tonnes
A look at some of the tungsten companies developing projects and producing tungsten outside of China.
Almonty initiated its first round of financing through multiple sources for a combined total gross proceeds of $7.78 million.
Almonty Industries (TSXV:AII) announced its financial results for the three and nine months period ended June 30, which showed a revenue of $8.7 million and earnings from mining operations of $1.6 million for Q3 2015.
Almonty Industries (TSXV:AII) and Woulfe Mining (CSE:WOF) announced that the Woulfe shareholders have voted in favor of the plan of arrangement that will see the two companies combine. The arrangement will see Almonty acquire all of Woulfe’s outstanding common shares that Almonty does not already own by way of a
While China has most tungsten in the world, notable deposits can also be found throughout Europe.
The deal, which has been a long time coming, will see Almonty acquire all of Woulfe’s outstanding shares by way of a court-approved plan of arrangement.
Almonty Industries Inc. (TSXV:AII) announced that it has entered into an arrangement agreement with Woulfe Mining Corp. (CSE:WOF) that will see Almonty acquire all of Woulfe’s outstanding shares by way of a court approved plan of arrangement.
Excelsior Mining took the top spot this week. It was followed by Puma Exploration, Almonty Industries, Abacus Mining & Exploration and Houston Lake Mining. Here’s a look at what moved their share prices.
Last week, Almonty Industries announced plans to invest in Woulfe Mining. Here’s what Almonty’s president and CEO, Lewis Black, had to say about the relationship in conversation with the Investing News Network.