Almonty Industries Secures Final Funding Milestone

Almonty Industries has cleared its last major financial obstacle on the path to production. The completion of a substantial equity offering has eliminated immediate funding concerns, though existing shareholders have absorbed notable dilution. Investor attention now shifts to a pivotal question: can the company’s leadership utilize these fresh funds to adhere precisely to the development timeline for its flagship asset?

The gross proceeds of $129.4 million from the offering represent a strategic inflection point for the company. Almonty is now fully capitalized for its near-term operational objectives. The capital is allocated primarily to finalizing construction at the Sangdong tungsten mine in South Korea. Additional funds are earmarked for expanding output at Read more...