Almonty Industries Graduates to TSX

Almonty Industries (TSX:AII), announced it received final approval for the listing of the company’s common shares on the Toronto Stock Exchange (INDEXTSI:OSPTX). The company’s shares began trading on the TSX June 1, 2018. Almonty is a mining, processing and shipping company focused on its tungsten concentrate projects in, western Spain,  Australia  Portugal and Korea.

As quoted from the press release:

The common shares will commence trading on the TSX effective as of the open of the market on June 1, 2018. Upon listing on the TSX, the common shares will continue to trade under the symbol “AII”. In conjunction with listing on the TSX, the common shares will be delisted from the TSX Venture Exchange upon the commencement of trading on June 1, 2018.

“Graduating to the TSX represents yet another important milestone for Almonty as we continue on our successful journey as the largest Western-based Tungsten concentrate producer. Almonty’s listing on the TSX Venture Exchange played an important role in the publicly recognized growth of the company and this new listing on the TSX will allow a broader range of investors to participate in the Almonty story. We now focus our attention toward the completion of the financing of our Sangdong project.” said Lewis Black, CEO of Almonty.

Almonty also announces that its normal course issuer bid commenced on November 15, 2017 will terminate with the commencement of trading of its common shares on the TSX on June 1, 2018. As of May 30, 2018, the company has purchased for cancellation 597,000 common shares at a volume weighted average price of C$0.489 per common share.

Click here to read the full press release