Almonty Industries Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF)
(Frankfurt: ALI) (“Almonty” or the “Company”), a leading global
producer of tungsten concentrate, is pleased to confirm that, based
on currently available information, its operations and product
exports are not affected by the recent Executive Order
issued by the United States government regarding reciprocal tariffs
on select imports.
The Executive Order published on April 2, 2025, outlines new
tariff measures targeting specific Harmonized Tariff Schedule (HTS)
codes. Following a detailed review of Annex I and Annex II of the
order titled “Regulating Imports with a Reciprocal Tariff to
Rectify Trade Practices that Contribute to Large and Persistent
Annual United States Goods Trade Deficits,” we can confirm that
Almonty's tungsten ore, concentrates, oxide, and related materials
are not subject to the newly imposed tariffs. These products —
including those classified under HTS codes 2611.00.30, 2611.00.60,
and 2825.90.30 — are explicitly excluded from the action, as listed
in Annex II.
This confirmation not only ensures the continued stability of
Almonty’s trade flows but also highlights the Company’s role in
supporting a secure and diversified supply chain to the United
States. It underscores the strategic importance of tungsten,
particularly in advancing U.S. interests in national defense,
critical manufacturing, and supply chain resilience. Tungsten has
long been recognized as a critical mineral by the U.S. government,
with key applications across aerospace, defense systems,
high-performance electronics, and clean energy technologies.
Almonty remains firmly committed to developing and maintaining a
reliable, western-based supply chain for tungsten, working in close
collaboration with its partners and stakeholders to meet the
growing demand for secure and sustainable access to critical
minerals for the U.S. and its allies.
Lewis Black, President & CEO of Almonty, commented: “We are
thrilled with this confirmation, which reinforces Almonty's
position as a key player in the global tungsten supply chain. The
explicit exclusion of our products from the new tariff measures
highlights the strategic importance of tungsten in supporting the
national security, industrial independence, and resilient supply
chains of American industry. Almonty has been a consistent supplier
of tungsten materials to the United States for many years, and we
are proud to hold a long-term offtake agreement with Global
Tungsten & Powders (GTP), a leading U.S. processor
headquartered in Pennsylvania. This relationship further solidifies
our role in strengthening domestic supply chains at a time when
reducing dependence on Chinese-sourced critical minerals has become
a top priority for Western governments. As we advance our fully
integrated mine-to-processing operations, Almonty is on track to
become one of the most important vertically integrated tungsten
producers in the Western world, positioned to supply a significant
portion of non-China sourced tungsten. We remain fully committed to
supporting allied economies in securing long-term, stable access to
this essential critical mineral, and look forward to deepening our
partnerships across the defense, semiconductor, and high-tech
manufacturing sectors.”
About Almonty
Almonty Industries Inc. is a diversified and experienced global
producer of tungsten concentrate in conflict-free regions. The
company is currently mining, processing and shipping tungsten
concentrate from its Panasqueira mine in Portugal. Its Sangdong
tungsten mine in Gangwon Province, South Korea is currently under
construction. The Sangdong mine was historically one of the largest
tungsten mines in the world and one of the few long-life,
high-grade tungsten deposits outside of China, and has significant
upside potential from an underlying molybdenum deposit. Additional
development projects underway include the Valtreixal tin/tungsten
project in northwestern Spain and Los Santos Mine in western Spain.
Further information about Almonty’s activities may be found at
www.almonty.com and under Almonty’s profile at www.sedar.com.
Legal Notice
The release, publication, or distribution of this announcement
in certain jurisdictions may be restricted by law and therefore
persons in such jurisdictions into which this announcement is
released, published, or distributed should inform themselves about
and observe such restrictions.
Neither the TSX nor its Regulation Services Provider (as that
term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
When used in this press release, the words "estimate",
"project", "belief", "anticipate", "intend", "expect", "plan",
"predict", "may" or "should" and the negative of these words or
such variations thereon or comparable terminology are intended to
identify forward-looking statements and information. These
statements and information are based on management’s beliefs,
estimates and opinions on the date that statements are made and
reflect Almonty’s current expectations.
Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the actual
results, level of activity, performance or achievements of Almonty
to be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: any
specific risks relating to fluctuations in the price of ammonium
para tungstate ("APT") from which the sale price of Almonty’s
tungsten concentrate is derived, actual results of mining and
exploration activities, environmental, economic and political risks
of the jurisdictions in which Almonty’s operations are located and
changes in project parameters as plans continue to be refined,
forecasts and assessments relating to Almonty’s business, credit
and liquidity risks, hedging risk, competition in the mining
industry, risks related to the market price of Almonty’s shares,
the ability of Almonty to retain key management employees or
procure the services of skilled and experienced personnel, risks
related to claims and legal proceedings against Almonty and any of
its operating mines, risks relating to unknown defects and
impairments, risks related to the adequacy of internal control over
financial reporting, risks related to governmental regulations,
including environmental regulations, risks related to international
operations of Almonty, risks relating to exploration, development
and operations at Almonty’s tungsten mines, the ability of Almonty
to obtain and maintain necessary permits, the ability of Almonty to
comply with applicable laws, regulations and permitting
requirements, lack of suitable infrastructure and employees to
support Almonty’s mining operations, uncertainty in the accuracy of
mineral reserves and mineral resources estimates, production
estimates from Almonty’s mining operations, inability to replace
and expand mineral reserves, uncertainties related to title and
indigenous rights with respect to mineral properties owned directly
or indirectly by Almonty, the ability of Almonty to obtain adequate
financing, the ability of Almonty to complete permitting,
construction, development and expansion, challenges related to
global financial conditions, risks related to future sales or
issuance of equity securities, differences in the interpretation or
application of tax laws and regulations or accounting policies and
rules and acceptance of the TSX of the listing of Almonty shares on
the TSX.
Forward-looking statements are based on assumptions management
believes to be reasonable, including but not limited to, no
material adverse change in the market price of ammonium para
tungstate (APT), the continuing ability to fund or obtain funding
for outstanding commitments, expectations regarding the resolution
of legal and tax matters, no negative change to applicable laws,
the ability to secure local contractors, employees and assistance
as and when required and on reasonable terms, and such other
assumptions and factors as are set out herein. Although Almonty has
attempted to identify important factors that could cause actual
results, level of activity, performance or achievements to differ
materially from those contained in forward-looking statements,
there may be other factors that cause results, level of activity,
performance or achievements not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate and even if events or results described
in the forward-looking statements are realized or substantially
realized, there can be no assurance that they will have the
expected consequences to, or effects on, Almonty. Accordingly,
readers should not place undue reliance on forward-looking
statements and are cautioned that actual outcomes may vary.
Investors are cautioned against attributing undue certainty to
forward-looking statements. Almonty cautions that the foregoing
list of material factors is not exhaustive. When relying on
Almonty’s forward-looking statements and information to make
decisions, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events.
Almonty has also assumed that material factors will not cause
any forward-looking statements and information to differ materially
from actual results or events. However, the list of these factors
is not exhaustive and is subject to change and there can be no
assurance that such assumptions will reflect the actual outcome of
such items or factors.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20250404377262/en/
Company Lewis Black Chairman, President & CEO +1 647
438-9766 info@almonty.com Investor Relations Lucas A. Zimmerman
Managing Director MZ Group - MZ North America (949) 259-4987
ALMTF@mzgroup.us www.mzgroup.us
Almonty Industries (TSX:AII)
과거 데이터 주식 차트
부터 3월(3) 2025 으로 4월(4) 2025
Almonty Industries (TSX:AII)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 4월(4) 2025
