Business
Almonty Industries Reports First Quarter 2025 Financial Results
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX:...
About this update from Almonty Industries Inc.
[{"type":"text","content":"Almonty Industries Reports First Quarter 2025 Financial Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwmarginl1 { margin-left: 30px }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl8 { padding-left: 40px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth2 { width: 2% }\n.bwwidth72 { width: 72% }\n.bwwidth76 { width: 76% }\n \n\n\n\n Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI), a leading global producer of tungsten concentrate, today announced its first quarter 2025 financial results.\n \n\n\n Financial Summary:\n \n\n\n Unless otherwise indicated, all figures are expressed in Canadian dollars.\n \n\n\n\n\n\n\n\n\n\n\n Three Months Ended March 31,\n \n\n\n\n\n\n\n\n CAD$ in millions\n \n\n\n\n\n\n 2025\n \n\n\n\n\n\n 2024\n \n\n\n\n\n\n\n\n Revenue\n \n\n\n\n\n $7.91\n \n\n\n\n $7.82\n \n\n\n\n\n\n\n Income from Mining Operations\n \n\n\n\n\n $0.752\n \n\n\n\n $0.606\n \n\n\n\n\n\n\n Operating Expenses\n \n\n\n\n\n $9.5\n \n\n\n\n $4.3\n \n\n\n\n\n\n\n Loss before valuation of warrant liabilities\n \n\n\n\n\n $(8.8)\n \n\n\n\n $(3.7)\n \n\n\n\n\n\n\n Non-Cash Loss on valuation of warrant liabilities\n \n\n\n\n\n $25.8\n \n\n\n\n $0.1\n \n\n\n\n\n\n\n Net loss for the period\n \n\n\n\n\n $(34.6)\n \n\n\n\n $(3.8)\n \n\n\n\n\n\n\n Adj. EBITDA (non-IFRS)\n \n (1)\n \n\n\n\n\n\n $(3.5)\n \n\n\n\n $(1.3)\n \n\n\n\n\n\n Key First Quarter 2025 & Subsequent Operational Highlights:\n \n\n\n\n Secured binding offtake agreement with a U.S. defense contractor to supply tungsten oxide solely for U.S. defense applications.\n \n\n Obtained shareholder approval for a proposed domestication from Canada to the United States to empower Almonty’s long-term competitiveness and support...