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Almonty Industries Inc (ASX:AII)

ALERT: Price-sensitive ASX Announcement for AII
Current share price for AII : $21.310 -2.39 (-10.08%)+
Announcement
Release
10 Jun 2026 9:13AM
Price at Release
$23.700
Full Release
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Summary
Almonty Industries Inc. announced the successful closing of its oversubscribed offering of US$700 million in convertible senior notes, including the full exercise of the over-allotment option. The company raised approximately US$772.7 million, which will strengthen its balance sheet and support the development of its Sangdong Mine in South Korea. This mine is expected to become a major source of non-China tungsten supply, which is critical for Western defense and technology sectors. The notes were offered privately to qualified institutional buyers and are not registered under the Securities Act.
Key Points
  • Successful closing of US$700 million convertible senior notes offering.
  • Full exercise of the over-allotment option.
  • Net proceeds of approximately US$772.7 million.
  • Funds to strengthen balance sheet and support Sangdong Mine development.
  • Sangdong Mine to supply non-China tungsten for Western defense and technology.
  • Private offering under Rule 144A of the Securities Act.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.