Almonty Industries Inc. engages in mining, processing, and shipping tungsten concentrate. It owns interests in the Los Santos mine located near Salamanca, Spain; the Panasqueira tin and tungsten mine situated in Covilha and Castelo Branco, Portugal; the Sangdong tungsten mine located in Gangwon Province, Republic of Korea; and the Valtreixal tin and tungsten project located in Zamora province, Western Spain. Almonty Industries Inc. is headquartered in Toronto, Canada.
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Almonty Industries has completed a $34 million final raise alongside a loan conversion at $0.05, resulting in the issuance of 825,000,000 new shares. This significant capital raise and debt conversion will impact the company's financial structure and share capital.