Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.

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Almonty Industries Inc > Debt Repayment Question.....

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Comment by corton68on May 04, 2023 11:40am

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Post# 35430162

RE:RE:RE:Debt Repayment Question.....

When you look at the financial statements for year end what tinnitus is saying is entirely incorrect. im guessing just another troll (maybe our special Korean ex contractor troll?) trying to make trouble. The audit had no going concern notes and was a clean audit. This $30m is in long term debt means it’s not coming due this year....

Almonty Industries Inc.
As at December 31, 2022

Summary of Long-term Debt

Subsequent events regarding long-term debt:

1.Subsequent Events

Subsequent to December 31, 2022, the Company:

negotiated the amendment of the Unicredit Bank loan with an aggregate principal amount of US$15,650 (Cdn$21,196) whereby the maturity date was extended from September 30, 2023 to March 31, 2024 (Note 8);