Almonty Industries Inc. (“Almonty” or the “Company“) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, announced today the pricing of an upsized underwritten offering in the United States of 18,000,000 common shares (“Common Shares“) at a public offering price of US$6.25 per Common Share, for total gross proceeds of US$112,500,000 (the “Offering“). In addition, Almonty has granted the Underwriters (as defined below) a 30-day over-allotment option to purchase up to an additional 2,700,000 Common Shares at the public offering price, less the underwriting discount.
The Offering is expected to close on or about December 10, 2025, subject to the satisfaction of customary closing conditions. BofA Securities is acting as Lead Bookrunning Manager of the Offering and Cantor Fitzgerald & Co., D.A. Davidson & Co. and A.G.P./Alliance Global Partners are acting as Bookrunning Managers (collectively, the “Underwriters“).
Almonty intends to use the net proceeds from the Offering to fund exploration and development work at the Gentung Browns Lake Tungsten Project, expansion work at the Panasqueira Mine, exploration work at the Sangdong Molybdenum Project and for working capital and general corporate purposes, as set out in the prospectus supplement (the “Supplement“) to Almonty’s short form base shelf prospectus dated October 31, 2025 (the “Base Prospectus“).
The Offering is being made pursuant to the Supplement. The Supplement will be filed with securities regulatory authorities in Ontario, Alberta and British Columbia and with the United States Securities and Exchange Commission (the “SEC“) as a supplement to a registration statement on Form F-10 (as amended and supplemented, the “Registration Statement“) under the Canada/United States Multi-Jurisdictional Disclosure System.
Source: www.almonty.com
Aleksei Andrievskii is the founder of the ANDRIEVSKII SEA WEALTH family office in Cyprus, a member of the advisory board at Bendura Bank AG, Liechtenstein