Bullboard - Stock Discussion Forum Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

Almonty Industries Inc. is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain, as well as... see more

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Almonty Industries Inc > news Nov 21

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Post by TELEMARKER on Nov 21, 2023 4:29pm

news Nov 21

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 received a fully executed Utilization Request for US$13.7 million in conjunction with the sixth drawdown on the US$75.1 million KfW IPEX-Bank (“KfW”) loan facility related to the construction of the Company’s Sangdong Mine in South Korea. This US$13.7 million drawdown is scheduled for release on November 24, 2023.

“As planned and on time, Almonty will now received its sixth drawdown on its US$75.1 million loan facility with KfW, bringing the total amount of drawdowns to date to US$53.9 million,” said Lewis Black, President and CEO of Almonty.

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