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Almonty Industries Announces Results of Special Meeting of Shareholders
TORONTO / Sep 29, 2025 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company“) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO / Sep 29, 2025 / Business Wire / Almonty Industries Inc. (“Almonty” or the “Company“) (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 “Meeting”) held today. As disclosed in the Company’s management information circular dated August 28, 2025 (the “Circular”), 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 “CDI Options”) exercisable for CHESS Depositary Interests representing common shares of the Company (“Common Shares”) and 1,481,480 outstanding warrants (the “Warrants”) exercisable for Common Shares are exercisable. 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. The following is a summary of the votes cast at the Meeting on the amendment of the CDI Options (the “CDI Option Amendment”) and the Warrants (the “Warrant Amendment”): Votes For % For Votes Against % Against CDI Option Amendment 62,171,146 99.31% 430,346 0.69% Warrant Amendment 58,418,461 99.51% 290,479 0.49% As of the date hereof, the holders of a total of 4,893,406 CDI Options, representing 74.61% of the CDI Options, have consented to the CDI Option Amendment. The holders of all 1,481,480 Warrants have consented to the Warrant Amendment. For a full description of the results of the Meeting, refer to the Company’s Report of Voting Results dated September 29, 2025 and filed on the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. About Almonty Almonty (NASDAQ: ALM) (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI1) is a leading supplier of conflict free tungsten – a strategic metal critical to the defense and advanced technology sectors. As geopolitical tensions heighten, tungsten has bec...