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Almonty Announces Results of Special Meeting of Shareholders
Almonty Industries Inc. (“ Almonty ” or the “ Company “) (NAS...
About this update from Almonty Industries Inc.
[{"type":"text","content":"Almonty Announces Results of Special Meeting of Shareholders\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignm { vertical-align: middle }\n.bwwidth100 { width: 100% }\n.bwwidth20 { width: 20% }\n \n\n\n\n Almonty Industries Inc. (“\n \n Almonty\n \n ” or the “\n \n Company\n \n “) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, announces the results of its special meeting of shareholders (the “\n \n Meeting\n \n ”) held today.\n \n\n As disclosed in the Company’s management information circular dated August 28, 2025 (the “\n \n Circular\n \n ”), the purpose of the Meeting was for shareholders to approve the amendment of the currency in which an aggregate of 6,558,336 outstanding options (the “\n \n CDI Options\n \n ”) exercisable for CHESS Depositary Interests representing common shares of the Company (“\n \n Common Shares\n \n ”) and 1,481,480 outstanding warrants (the “\n \n Warrants\n \n ”) exercisable for Common Shares are exercisable.\n \n\n The CDI Options were originally exercisable at prices quoted in Australian dollars, and the Warrants were originally exercisable at prices quoted in United States dollars. At the Meeting, disinterested Shareholders were asked to approve the amendment of the CDI Options and Warrants to be exercisable in Canadian dollars. The rationale for the amendments is to eliminate certain accounting distortions that result from the CDI Options and Warrants being exercisable in currencies other than the Canadian dollar, which is the Company’s functional currency.\n \n\n The following is a summary of the votes cast at the Meeting on the amendment of the CDI Options (the “\n \n CDI Option Amendm...