Almonty Industries Inc.

Almonty Industries Inc. provided an update on its large-scale drilling program at the Sangdong Molybdenum Project, confirming grades consistent with historical results and accelerating the campaign amid South Korea's molybdenum supply crisis. Approximately 37% of the planned drilling is complete, with assays showing encouraging consistency. The company aims to become a stable source of molybdenum, a strategic metal vital for various high-temperature and high-pressure industries, especially as the spot price has risen significantly.

Almonty Industries Inc. announced the successful closing of its oversubscribed offering of US$800 million aggregate principal amount of 2.25% Convertible Senior Notes due 2031, including the full exercise of the initial purchasers' option. The offering generated approximately US$772.7 million in net proceeds, with US$83 million allocated to capped call transactions. The remaining funds will be used for working capital and general corporate purposes, strengthening the balance sheet to support the development of the Sangdong Mine and its role as a non-China tungsten supplier.

Almonty Industries Inc. announced the results of its Annual General Meeting of Shareholders held on June 9, 2026. Shareholders approved setting the number of directors at seven and elected all seven nominees to the board. Additionally, Zeifmans LLP was reappointed as the Company's auditor until the next annual meeting.

Almonty Industries Inc. announced the pricing of an oversubscribed US$700 million aggregate principal amount of 2.25% convertible senior notes due 2031. The notes have an initial conversion price of approximately US$27.40 per common share, representing a 32.5% premium over the last reported sale price. Net proceeds of approximately US$675.9 million will be used for capped call transactions, debt refinancing, and general corporate purposes, including potential acquisitions.

Almonty Industries Inc. announced its intention to offer $700 million in convertible senior notes due 2031, with an option to issue an additional $100 million. The net proceeds are intended for capped call transactions, refinancing existing debt, and general corporate purposes, which may include acquisitions. The notes will be senior, unsecured obligations, and Almonty will have redemption options under certain conditions, including a fundamental change event triggering a repurchase offer.

Almonty Industries Inc. is reminding shareholders to vote in favor of the re-election of all director nominees ahead of its Annual General Meeting on June 9, 2026, with a proxy deadline of June 5, 2026. The company highlighted significant milestones achieved in 2025, including the commencement of mining at its Sangdong Tungsten Mine, successful US$90 million IPO and US$129 million follow-on offering, and the acquisition of the Gentung Browns Lake Tungsten Project. Almonty emphasized its transformation into a leading global tungsten producer and its commitment to evolving corporate governance. The board unanimously recommends voting for all director nominees to ensure leadership continuity.

Almonty Industries Inc. announced its expected inclusion in the Large-Cap Russell 1000® Index and the Broad-Market Russell 3000® Index, effective June 29, 2026. This inclusion, based on market capitalization rankings as of April 30, 2026, is anticipated to enhance the company's visibility within the institutional investment community and broaden its shareholder base. The CEO highlighted significant operational and financial progress, including the Sangdong Mine coming online and the relocation of its corporate headquarters to the United States.

Almonty Industries reported strong first-quarter 2026 financial results, with revenue increasing 221% year-over-year to $25.4 million, driven by record tungsten pricing and strong performance from the Panasqueira Mine. The company achieved positive Adjusted EBITDA of $6.1 million and positive operating cash flow of $9.7 million, marking a significant financial inflection point. The Sangdong tungsten mine also held its formal commissioning ceremony, moving towards commercial operations, and the company relocated its corporate headquarters to Dillon, Montana.

Almonty Industries Inc. has appointed Jorge Beristain, CFA, as its new Chief Financial Officer, effective June 1, 2026. This strategic appointment aims to support the company's next phase of growth, particularly with the scaling of its flagship Sangdong Mine and expansion in the Western tungsten supply chain. Brian Fox has departed from the role, and Guillaume de Lamaziere will serve as Interim CFO until Mr. Beristain's start date.

Almonty Industries Inc. announced its Annual General Meeting (AGM) of shareholders will be held on June 9, 2026, at 10:00 a.m. Toronto time. Key business items include receiving the audited annual consolidated financial statements for fiscal year 2025, setting the number of directors at seven, electing directors, and appointing the auditor. The company is utilizing the notice-and-access provisions for distributing proxy-related materials.