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Almonty Industries Inc. (“Almonty”) (TSXV:AII) is pleased to announce
the granting of stock options to members of the board of directors and
management of Almonty. Dan D’Amato received 500,000 options, Lewis Black
received 300,000 options and Dr. Thomas Gutschlag received 100,000
options. The options are being granted pursuant to the stock option plan
of Almonty with each option permitting the holder to purchase one common
share of Almonty at a price of $0.80 for a period of 10 years from
today’s date. The options vest immediately.
About Almonty
The principal business of Toronto, Canada-based Almonty Industries Inc.
is the mining, processing and shipping of tungsten concentrate from its
Los Santos Mine in western Spain and its Wolfram Camp Mine in north
Queensland, Australia and the development of the Sangdong tungsten mine
in Gangwon Province, Korea and the Valtreixal tin/tungsten project in
north western Spain. The Los Santos Mine was acquired by Almonty in
September 2011 and is located approximately 50 kilometres from Salamanca
in western Spain and produces tungsten concentrate. The Wolfram Camp
Mine was acquired by Almonty in September 2014 and is located
approximately 130 kilometres west of Cairns in northern Queensland,
Australia and produces tungsten and molybdenum concentrate. The Sangdong
mine, which was historically one of the largest tungsten mines in the
world and one of the few long-life, high-grade tungsten deposits outside
of China, was acquired in September 2015 through the acquisition of a
100% interest in Woulfe Mining Corp. Almonty also has an option to
acquire a 100% ownership interest in the Valtreixal tin-tungsten project
in northwestern Spain. Further information about Almonty’s activities
may be found at www.almonty.com
and under Almonty’s profile at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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