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Almonty Industries Inc. (“Almonty” or the “Company”) (TSXV: AII)
announces that it is postponing its teleconference to review its fiscal
fourth quarter and year ended September 30, 2015 results, originally
scheduled to take place February 4, 2015 at 8:30 a.m. ET.
The Company expects to be in a position to file its 2015 fourth quarter
and year ended September 30, 2015 financial results on SEDAR on or
before February 11, 2016.
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, its Wolfram Camp Mine in north
Queensland, Australia and its Panasqueira mine in Portugal as well as
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 Panasqueira mine, which has been in
production since 1896, is located approximately 260 kilometres northeast
of Lisbon, Portugal, was acquired in January 2016 and produces tungsten
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.
Disclaimer for Forward-Looking Information
When used in this press release, the word “expects”, is intended to
identify forward-looking statements and information including, without
limitation, the intention of the Company to file its fiscal fourth
quarter and year ended September 30, 2015 results on or before February
11, 2016. This statement and information is based on management’s
beliefs, estimates and opinions on the date that the statement is made
and reflects Almonty’s current expectations.
The forward-looking statements and information in this press release
include information relating to the intentions of management. Such
statements and information reflect the current view of Almonty with
respect to risks and uncertainties that may cause actual results to
differ materially from those contemplated in those forward-looking
statements and information. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors and assumptions which may cause actual results, performance or
achievements, or other future events, to be materially different from
any future results, performance or achievements expressed or implied by
such forward-looking statements.
Investors are cautioned against attributing undue certainty to
forward-looking statements. Almonty cautions that the foregoing list of
material factors is not exhaustive. When relying on Almonty’s
forward-looking statements and information to make decisions, investors
and others should carefully consider the foregoing factors and other
uncertainties and potential events.
Almonty has also assumed that material factors will not cause any
forward-looking statements and information to differ materially from
actual results or events. However, the list of these factors is not
exhaustive and is subject to change and there can be no assurance that
such assumptions will reflect the actual outcome of such items or
factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE
REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS PRESS
RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS
SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND
SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE
ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION
AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE
LAWS.
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