AII

Almonty Industries Inc. - Placement of Common Share Units and CDI’s raises C$1.47 million1 with Further Commitments of C$1.178 million for acceleration of Tungsten downstream planning and Molybdenum reserves conversion.

Retrieved on: 
Saturday, March 23, 2024
Finance, Natural Resources, Professional Services, Other Natural Resources, Mining, Minerals, Indian stock exchange, Private placement, ANY, Private, CDI, APT, Minority, Risk, ASX, Sale, Acquisition, Placement, Lead, THIS, Tungsten, Moly, TSX, AII, ALI, Multilateral, UPDATE, Person

Proceeds from the Placement will be applied towards general working capital, including accelerating the downstream project planning and further investigation of the Moly due to increasing interest in the material domestically.

Key Points: 
  • Proceeds from the Placement will be applied towards general working capital, including accelerating the downstream project planning and further investigation of the Moly due to increasing interest in the material domestically.
  • The Placement Units and Placement CDI’s issued will rank equally with existing CDI’s and Common Shares on issue.
  • The closing of the CDI Placement is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSX and ASX.
  • READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD- LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE.

Almonty to Receive the US$13.7 Million Sixth Drawdown from KfW IPEX-Bank

Retrieved on: 
Tuesday, November 21, 2023
Mining, Minerals, Natural Resources, AII, KfW, TSX, KfW IPEX-Bank, Operating Industries Inc., Landfill, Cryptocurrency, Almonty Industries

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.

Key Points: 
  • 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.

Almonty Announces the Filing of Its Unaudited Interim Condensed Consolidated Financial Statements and MD&A for the Nine Months Ended September 30, 2023 and $1.74M in Positive EBITDA From Mining Operations(1)

Retrieved on: 
Tuesday, November 14, 2023
Mining, Minerals, Natural Resources, AII, Bank statement, TSX, ALI, News, Cryptocurrency

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis (“MD&A”) for the three and nine months ended September 30, 2023.

Key Points: 
  • Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) today announced the filing of its unaudited interim condensed consolidated financial statements and management’s discussion & analysis (“MD&A”) for the three and nine months ended September 30, 2023.
  • Unless otherwise indicated, all currency amounts contained in this news release are expressed in Canadian dollars.
  • The following financial information is for the three and nine months ended September 30, 2023 and 2022:

Almonty Placement of Common Share Units and CDI’s raises C$500,000, US$733,333 and A$550,000

Retrieved on: 
Friday, October 6, 2023
Mining, Minerals, Natural Resources, TSC Industries, Inc. v. Northway, Inc., TSX, US, ASX, CDI, AII, Indian stock exchange, Placement, MI, ALI, Multilateral, Private placement, Private, Minority, Lead, Security (finance), Bank, Unit

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that the Company has received firm commitments to raise gross proceeds of C$500,000, US$733,333 and A$550,000 via the issuance of 3,333,333 Placement Units and 1,078,433 million Placement Chess Depository Interests Units (“CDIs”) at C$0.45 per Placement Unit, US$0.33 per Placement Unit and A0.51 per CDI Unit (“Placement”).

Key Points: 
  • Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to announce that the Company has received firm commitments to raise gross proceeds of C$500,000, US$733,333 and A$550,000 via the issuance of 3,333,333 Placement Units and 1,078,433 million Placement Chess Depository Interests Units (“CDIs”) at C$0.45 per Placement Unit, US$0.33 per Placement Unit and A0.51 per CDI Unit (“Placement”).
  • Lewis Black, the Company’s CEO will be investing C$500,000 and Dan D’Amato, a director of the Company, will be investing US$366,666.63 towards the Placement Units to be issued.
  • The Placement Units and Placement CDI’s issued will rank equally with existing CDI’s and Common Shares on issue.
  • Lewis Black, CEO of the Company, and Daniel D’Amato, a Director of the Company, will be subscribing for Units in the Private Placement.

Apparel Impact Institute Announces First Grant Recipients from its Climate Solutions Portfolio (CSP) to Promote Decarbonization in the Fashion Industry

Retrieved on: 
Tuesday, September 19, 2023
Linda, AII, Lululemon Athletica, GIZ, Deutsche Gesellschaft für Internationale Zusammenarbeit, Panzer corps, Consultant, PwC, Eric, Schmidt Family Foundation, Research, Carbon, Arvind (company), CSP, Sustainability, SAN, Corporation, Environment, ROI, Corporate responsibility, Renewable energy, Asset management, Target

SAN FRANCISCO, Sept. 19, 2023 /PRNewswire/ -- Today, nonprofit organization Apparel Impact Institute (Aii) announced its first deployment of grants from its Climate Solutions Portfolio (CSP). This registry of proven carbon reduction solutions for the fashion industry is based on effectiveness, reach, scale, and cost, and represents the first deployed capital from Aii's catalytic Fashion Climate Fund. These grants are funded by philanthropic contributions from the Fashion Climate Fund's lead partners including H&M Foundation, H&M Group, Lululemon, The PVH Foundation, Target and the Schmidt Family Foundation, and will provide $250M to de-risk and accelerate proven decarbonization solutions and unlock up to $2B of capital, with a carbon reduction goal of 100M tonnes by 2030. Honored grantees include Precision Development, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Made2Flow, BluWin and PwC.

Key Points: 
  • SAN FRANCISCO, Sept. 19, 2023 /PRNewswire/ -- Today, nonprofit organization Apparel Impact Institute (Aii) announced its first deployment of grants from its Climate Solutions Portfolio (CSP).
  • This registry of proven carbon reduction solutions for the fashion industry is based on effectiveness, reach, scale, and cost, and represents the first deployed capital from Aii's catalytic Fashion Climate Fund.
  • In tandem with the grantee recipient announcement, Aii has launched the Climate Solutions Portfolio online platform.
  • In the latter half of 2024, Aii will be seeking potential grant recipients that focus largely on thermal energy and energy storage.

Apparel Impact Institute Announces First Grant Recipients from its Climate Solutions Portfolio (CSP) to Promote Decarbonization in the Fashion Industry

Retrieved on: 
Tuesday, September 19, 2023
Linda, AII, Lululemon Athletica, GIZ, Deutsche Gesellschaft für Internationale Zusammenarbeit, Panzer corps, Consultant, PwC, Eric, Schmidt Family Foundation, Research, Carbon, Arvind (company), CSP, Sustainability, SAN, Corporation, Environment, ROI, Corporate responsibility, Renewable energy, Asset management, Target

SAN FRANCISCO, Sept. 19, 2023 /PRNewswire/ -- Today, nonprofit organization Apparel Impact Institute (Aii) announced its first deployment of grants from its Climate Solutions Portfolio (CSP). This registry of proven carbon reduction solutions for the fashion industry is based on effectiveness, reach, scale, and cost, and represents the first deployed capital from Aii's catalytic Fashion Climate Fund. These grants are funded by philanthropic contributions from the Fashion Climate Fund's lead partners including H&M Foundation, H&M Group, Lululemon, The PVH Foundation, Target and the Schmidt Family Foundation, and will provide $250M to de-risk and accelerate proven decarbonization solutions and unlock up to $2B of capital, with a carbon reduction goal of 100M tonnes by 2030. Honored grantees include Precision Development, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Made2Flow, BluWin and PwC.

Key Points: 
  • SAN FRANCISCO, Sept. 19, 2023 /PRNewswire/ -- Today, nonprofit organization Apparel Impact Institute (Aii) announced its first deployment of grants from its Climate Solutions Portfolio (CSP).
  • This registry of proven carbon reduction solutions for the fashion industry is based on effectiveness, reach, scale, and cost, and represents the first deployed capital from Aii's catalytic Fashion Climate Fund.
  • In tandem with the grantee recipient announcement, Aii has launched the Climate Solutions Portfolio online platform.
  • In the latter half of 2024, Aii will be seeking potential grant recipients that focus largely on thermal energy and energy storage.

Almonty Provides Sangdong Mine Construction Update

Retrieved on: 
Monday, July 31, 2023
Mining, Minerals, Natural Resources, Classification, KfW, AII, SAG, US, Tungsten, Operating Industries Inc., Landfill, TSX, Safety, KfW IPEX-Bank, Rare-earth element, Bank, Sangdong mine

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), is pleased to provide a construction progress update for its Sangdong Mine Tungsten located in South Korea.

Key Points: 
  • Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), is pleased to provide a construction progress update for its Sangdong Mine Tungsten located in South Korea.
  • In late June, the protection screen and reclaim feeders arrived at the new port of Busan from Metso:Outotec and will be transported to the warehouse at Sangdong within the next week.
  • Almonty is pleased to announce that it has received a further US$9.8 million in conjunction with the fifth drawdown on the US$75.1 million KfW IPEX-Bank (“KfW”) loan facility related to the construction of the Sangdong Mine.
  • We are pleased to be drawing down funds from our lending partners KfW in-line with the project finance facility.

Almonty Partners with Korea Telecom to Revolutionize Mine Safety While Also Demonstrating Commitment to ESG Compliance

Retrieved on: 
Tuesday, July 11, 2023
Technology, Mobile, Wireless, Other Technology, Telecommunications, Professional Services, Mining, Minerals, Hardware, Environmental, Social and Governance (ESG), Natural Resources, Bluetooth Low Energy, Communication, Partnership, AKTC, KT, Counties of South Sudan, KTC, AII, Korean Ministry of Culture, KT Corporation, Data analysis, Mine safety, Operating Industries Inc., Landfill, TSX, ESG, AI, Environment, Rest, Safety, Sangdong mine, Rare-earth element, Risk management, Mobile phone, Almonty Industries

Developed in partnership with KT, this innovative solution aims to enhance worker safety and promote efficient mining practices which is indicative of AKTC’s strong commitment to environmental, social, and governance (ESG) compliance.

Key Points: 
  • Developed in partnership with KT, this innovative solution aims to enhance worker safety and promote efficient mining practices which is indicative of AKTC’s strong commitment to environmental, social, and governance (ESG) compliance.
  • This AI-based mine safety system enables real-time monitoring of worker safety, emergency messaging, and data analysis allowing mine operators to take proactive safety measures.
  • In addition to improving safety standards, the Mine Safety DX technology also contributes to the efficient functioning of mining operations.
  • The implementation of Mine Safety DX at the Sangdong Mine further solidifies AKTC’s commitment to responsible and sustainable mining practices.

Institutional Investor Appoints Rip Reeves as Chief Executive Officer

Retrieved on: 
Friday, June 16, 2023
Asset Management, Professional Services, Finance, Insurance, Argo Group, Salomon Brothers, Multimedia, AII, II, Euromoney Institutional Investor, Epiry, Chairperson, Growth, CIO, Institutional Investor (magazine), III, Institutional Investor, Security (finance)

Institutional Investor (II) today announces the appointment of Rip Reeves as its Chief Executive Officer (CEO) effective July 3, 2023.

Key Points: 
  • Institutional Investor (II) today announces the appointment of Rip Reeves as its Chief Executive Officer (CEO) effective July 3, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230616055892/en/
    Rip joins Institutional Investor with nearly 40 years of industry experience and has been a trusted partner to II’s institutes for 15 years.
  • Rip served as Chief Investment Officer and Treasurer at AEGIS Insurance Services for over a decade and was the Global Chief Investment Officer of the Argo Group in Pembroke, Bermuda.
  • Along with Cynthia Steer, Rip is an Emeritus Co-Chair for the Institutional Investor Institute (III) and the Alternative Investor Institute (AII).

Construction Update at Sangdong Tungsten Mine

Retrieved on: 
Wednesday, June 7, 2023
Mining, Minerals, Natural Resources, Ball mill, Filter press, Metso Outotec, Key, AII, Tungsten, Operating Industries Inc., Landfill, TSX, Safety, Pulp and paper industry, Almonty Industries

Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to provide an update on the progress of its Sangdong Tungsten Mine.

Key Points: 
  • Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to provide an update on the progress of its Sangdong Tungsten Mine.
  • Lewis Black, Chairman, CEO & President of Almonty Industries Inc. commented:
    “We have made solid progress at the Sangdong Tungsten Project throughout May 2023.
  • Almonty remains fully committed to completing the project successfully while upholding the highest standards of safety, quality, and environmental responsibility.
  • The Pebble Crusher and Primary Jaw Crusher, essential components for the project, have successfully made their way to Sangdong.