Almonty Announces Receipt of the Fully Executed Utilization Request for the First Drawdown of the US$75.1M Facility
Almonty Industries Inc. (Almonty or the Company) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that it has received from KfW-IPEX Bank the fully executed utilization request for the first drawdown of US$12,818,081 from the US$75.1M facility.
- Almonty Industries Inc. (Almonty or the Company) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that it has received from KfW-IPEX Bank the fully executed utilization request for the first drawdown of US$12,818,081 from the US$75.1M facility.
- The mortgage registration has now commenced in South Korea and, upon completion, the first drawdown funds will be sent to Almonty Korea Tungsten.
- Lewis Black, President and Chief Executive Officer of Almonty commented: The Worlds largest Tungsten mine is now fully funded and construction is well advanced.
- Our push for further growth in one of the most strategically important global sectors is also now fully underway.