Almonty Industries Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI) (“Almonty” or the “Firm”), a number one world producer of tungsten focus, is happy to announce that it has entered right into a strategic partnership settlement (“Settlement”) with American Protection Worldwide, Inc. (“ADI”), a outstanding authorities relations and enterprise growth agency primarily based in Washington, D.C.
This partnership represents a big step in strengthening Almonty’s strategic positioning inside the essential metals sector to help the U.S. federal authorities in addition to the American protection and know-how industries. Alongside the Firm’s ongoing redomiciling to the USA, the collaboration with ADI will improve engagement within the U.S. market by reinforcing the Firm’s alignment and help of presidency insurance policies and {industry} priorities.
Based in 1995 and supported by a crew of former senior authorities officers, army officers, and congressional aides, ADI has a powerful observe document of helping firms in securing key authorities relationships, advancing strategic initiatives, and facilitating world growth. Representing over 100 organizations – together with outstanding firms comparable to SpaceX – throughout 11 international locations, ADI’s affect and attain will probably be instrumental in additional positioning Almonty inside the rising demand for safe and sustainable tungsten and Molybdenum provide chains to provide the wants of the U.S. protection and know-how sectors.
Lewis Black, President & CEO of Almonty, commented: “We’re thrilled to announce our partnership with American Protection Worldwide, which can assist place Almonty as a number one allied provider of tungsten and molybdenum for American pursuits. As we transfer to finalize our redomiciling to the USA, ADI’s experience and relationships, solid by way of working with industry-leaders comparable to SpaceX, will place us to strengthen relationships with key stakeholders in a quickly evolving world panorama. We sit up for working intently with their crew within the months and years to come back as we try to create sustainable, long-term worth for my fellow shareholders.”
About Almonty
Almonty Industries Inc. is a diversified and skilled world producer of tungsten focus in conflict-free areas. The corporate is at the moment mining, processing and transport tungsten focus from its Panasqueira mine in Portugal. Its Sangdong tungsten mine in Gangwon Province, South Korea is at the moment underneath building. The Sangdong mine was traditionally one of many largest tungsten mines on the planet and one of many few long-life, high-grade tungsten deposits exterior of China, and has important upside potential from an underlying molybdenum deposit. Extra growth tasks underway embrace the Valtreixal tin/tungsten undertaking in northwestern Spain and Los Santos Mine in western Spain. Additional details about Almonty’s actions could also be discovered at www.almonty.com and underneath Almonty’s profile at www.sedarplus.ca.
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Disclaimer for Ahead-Trying Info
When used on this press launch, the phrases “estimate”, “undertaking”, “perception”, “anticipate”, “intend”, “count on”, “plan”, “predict”, “might” or “ought to” and the unfavourable of those phrases or such variations thereon or comparable terminology are meant to establish forward-looking statements and data. These statements and data are primarily based on administration’s beliefs, estimates and opinions on the date that statements are made and replicate Almonty’s present expectations.
Ahead-looking statements are topic to recognized and unknown dangers, uncertainties and different components that will trigger the precise outcomes, degree of exercise, efficiency or achievements of Almonty to be materially totally different from these expressed or implied by such forward-looking statements, together with however not restricted to: any particular dangers referring to fluctuations within the value of ammonium para tungstate (“APT”) from which the sale value of Almonty’s tungsten focus is derived, precise outcomes of mining and exploration actions, environmental, financial and political dangers of the jurisdictions through which Almonty’s operations are situated and adjustments in undertaking parameters as plans proceed to be refined, forecasts and assessments referring to Almonty’s enterprise, credit score and liquidity dangers, hedging danger, competitors within the mining {industry}, dangers associated to the market value of Almonty’s shares, the flexibility of Almonty to retain key administration staff or procure the providers of expert and skilled personnel, dangers associated to claims and authorized proceedings in opposition to Almonty and any of its working mines, dangers referring to unknown defects and impairments, dangers associated to the adequacy of inside management over monetary reporting, dangers associated to governmental laws, together with environmental laws, dangers associated to worldwide operations of Almonty, dangers referring to exploration, growth and operations at Almonty’s tungsten mines, the flexibility of Almonty to acquire and keep crucial permits, the flexibility of Almonty to adjust to relevant legal guidelines, laws and allowing necessities, lack of appropriate infrastructure and staff to help Almonty’s mining operations, uncertainty within the accuracy of mineral reserves and mineral sources estimates, manufacturing estimates from Almonty’s mining operations, incapacity to exchange and broaden mineral reserves, uncertainties associated to title and indigenous rights with respect to mineral properties owned straight or not directly by Almonty, the flexibility of Almonty to acquire ample financing, the flexibility of Almonty to finish allowing, building, growth and growth, challenges associated to world monetary situations, dangers associated to future gross sales or issuance of fairness securities, variations within the interpretation or utility of tax legal guidelines and laws or accounting insurance policies and guidelines and acceptance of the TSX of the itemizing of Almonty shares on the TSX.
Ahead-looking statements are primarily based on assumptions administration believes to be cheap, together with however not restricted to, no materials adversarial change out there value of ammonium para tungstate (APT), the persevering with potential to fund or get hold of funding for excellent commitments, expectations concerning the decision of authorized and tax issues, no unfavourable change to relevant legal guidelines, the flexibility to safe native contractors, staff and help as and when required and on cheap phrases, and such different assumptions and components as are set out herein. Though Almonty has tried to establish necessary components that would trigger precise outcomes, degree of exercise, efficiency or achievements to vary materially from these contained in forward-looking statements, there could also be different components that trigger outcomes, degree of exercise, efficiency or achievements to not be as anticipated, estimated or meant. There will be no assurance that forward-looking statements will show to be correct and even when occasions or outcomes described within the forward-looking statements are realized or considerably realized, there will be no assurance that they may have the anticipated penalties to, or results on, Almonty. Accordingly, readers mustn’t place undue reliance on forward-looking statements and are cautioned that precise outcomes might differ.
Buyers are cautioned in opposition to attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing checklist of fabric components shouldn’t be exhaustive. When counting on Almonty’s forward-looking statements and data to make choices, buyers and others ought to rigorously take into account the foregoing components and different uncertainties and potential occasions.
Almonty has additionally assumed that materials components won’t trigger any forward-looking statements and data to vary materially from precise outcomes or occasions. Nevertheless, the checklist of those components shouldn’t be exhaustive and is topic to vary and there will be no assurance that such assumptions will replicate the precise consequence of such objects or components.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF ALMONTY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD- LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE ALMONTY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Contacts
Firm Contact
Lewis Black
Chairman, President & CEO
+1 647 438-9766
data@almonty.com
Investor Relations Contact
Lucas A. Zimmerman
Managing Director
MZ Group – MZ North America
(949) 259-4987
ALMTF@mzgroup.us
www.mzgroup.us
