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Almonty Industries Announces Application to List on Nasdaq Capital Market Concurrent with Launch of U.S. Public Offering
TORONTO / Jul 07, 2025 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI), a leading g
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO / Jul 07, 2025 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company”) (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 “Registration Statement”), including a preliminary short form base PREP prospectus prepared in accordance with National Instrument 44-101 – Short Form Prospectus Distributions and National Instrument 44-103 – Post-Receipt Pricing (the “Preliminary Prospectus”), with the Ontario Securities Commission (the “OSC”), the review jurisdiction in Canada, and the U.S. Securities and Exchange Commission (the “SEC”) pursuant to the Canada/United States Multi-Jurisdictional Disclosure System in connection with a proposed underwritten public offering (the “Offering”) of Almonty’s common shares (“Common Shares”) in the United States. 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. 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.” The Common Shares are currently, and following the Offering will continue to be, listed on the Toronto Stock Exchange (the “TSX”) and the Australian Securities Exchange (the “ASX”) under the symbol “All”, and are, and will continue to be, traded on the Frankfurt Stock Exchange, and an application has been made to list the Common Shares on the Nasdaq Capital Market (the “Nasdaq”) under the ticker “ALM”. Upon and subject to receipt of all requisite approvals and the commencement of trading of the Common Shares on the NASDAQ, trading of the Common Shares on the OTCQX will cease. Trading of the Common Shares is expected to commence on the Nasdaq following the pricing of the Offering. The expected gross proce...