Business
Almonty Announces Application to List on Nasdaq Capital Market Concurrent with Launch of U.S. Public Offering
Almonty Industries Inc. (“ Almonty ” or the “ Company ”) (TSX...
About this update from Almonty Industries Inc.
[{"type":"text","content":"Almonty Announces Application to List on Nasdaq Capital Market Concurrent with Launch of U.S. Public Offering\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Almonty Industries Inc. (“\n \n Almonty\n \n ” or the “\n \n Company\n \n ”) (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI), a leading global producer of tungsten concentrate, is pleased to announce that it has filed a registration statement on Form F-10 (the “\n \n Registration Statement\n \n ”), including a preliminary short form base PREP prospectus prepared in accordance with National Instrument 44-101 –\n \n Short Form Prospectus Distributions\n \n and National Instrument 44-103 –\n \n Post-Receipt Pricing\n \n (the “\n \n Preliminary Prospectus\n \n ”), with the Ontario Securities Commission (the “\n \n OSC\n \n ”), the review jurisdiction in Canada, and the U.S. Securities and Exchange Commission (the “\n \n SEC\n \n ”) pursuant to the Canada/United States Multi-Jurisdictional Disclosure System in connection with a proposed underwritten public offering (the “\n \n Offering\n \n ”) of Almonty’s common shares (“\n \n Common Shares\n \n ”) in the United States.\n \n\n The Company intends to use the net proceeds of the Offering primarily to fund the development of its projected tungsten oxide facility and for working capital and other general corporate purposes.\n \n\n Lewis Black, Chief Executive Officer of Almonty, said: “We are pleased to announce our application to list on the Nasdaq concurrent with a U.S. public offering, helping us to secure our position as a leading supplier of tungsten to the U.S. and its allies. As global geopolitical tensions continue to rise, we believe the demand and pricing outlook for tungsten could remain robust for some time. I look forward to continued operational execution in the months ahead as we strive to create sustainable, long-term value for my fellow shareholders.”\n \n\n The Common Shares are currently, and following the Offering will continue to be, listed on the Toronto Stock Exchange (the “\n \n TSX\n \n ”) and the Australian Securities Exchange (the “\n \n ASX\n \n ”) under the symbol “All”, and are, a...