RE:Who is Building?Almonty, through its wholly owned subsidiary AKTC, previously named Sangdong Mining Corp., is a party to a number of contracts which facilitate the construction of the Company's Sangdong Mine. The material terms of these contracts are set out below.
Contract for Sangdong Tungsten Project of Almonty Korea Tungsten Corporation between AKTC, S-Material Handling Co., Ltd. and Dongwon Construction Industrial Co., Ltd. dated 20 May 2021 (EPC Contract)
The purpose of the Contract is to serve as an EPC contract under which S-Material Handling Co., Ltd. and Dongwon Construction Industrial Co., Ltd. (jointly referred to as Contractor) agrees to perform engineering, procurement, civil works, erection and installation of various equipment, detailed design and to supply ancillary services required for the construction of the Sangdong Mine.