Business
Almonty Industries Inc. Receives Conditional Approval to List on the TSX
TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (TSX-V: AII): “NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES” Almonty I
About this update from Almonty Industries Inc.
[{"type":"text","content":"TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (TSX-V: AII): “NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES” Almonty Industries Inc. (“Almonty” or the \"Company\") (TSX-V: AII), is pleased to announce that it has received conditional approval from the Toronto Stock Exchange (the \"TSX\") to list its common shares on the TSX. \"Graduating to the TSX represents yet another important milestone for Almonty as we continue on our successful journey as the largest Western-based Tungsten concentrate producer,\" said Lewis Black, Chief Executive Officer of Almonty. Almonty's listing on the TSX Venture Exchange played an important role in the publicly recognized growth of the Company and this new listing on the TSX will allow a broader range of investors to participate in the Almonty story. Final approval of the listing is subject to Almonty fulfilling certain standard and customary conditions required by the TSX, to be finalized on or before the TSX imposed deadline of July 1st, 2018. Almonty is confident that it will satisfy all requirements and will release a statement immediately following the issuance of the TSX bulletin confirming the date on which shares of Almonty will commence trading on the TSX. Upon completion of the final listing requirements, Almonty's common shares will simultaneously be delisted from the TSX Venture Exchange and begin trading on the TSX. About Almonty The principal business of Almonty is the mining, processing and shipping of tungsten concentrate from its Los Santos Mine in western Spain, its Wolfram Camp Mine in north Queensland, Australia and its Panasqueira mine in Portugal as well as the development of the Sangdong tungsten mine in Gangwon Province, Korea and the Valtreixal tin/tungsten project in north western Spain. The Los Santos Mine was acquired by Almonty in September 2011 and is located approximately 50 kilometres from Salamanca in western Spain and produces tungsten concentrate. The Wolfram Camp Mine was acquired by Almonty in September 2014 and is located approximately 130 kilometres west of Cairns in northern Queensland, Australia and produces tungsten and molybdenum concentrate. The Panasqueira mine, which has been in production since 1896, is located approximately 260 kilometres northeast of Lisbon, Portugal, was acquired in January 2016 and produces...