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home / news releases / ALMTF - Tungsten Miner Almonty Industries Nears The Funding Finish Line With ASX IPO

ALMTF - Tungsten Miner Almonty Industries Nears The Funding Finish Line With ASX IPO

Almonty Industries Inc
  • Almonty has amassed most of the funds it needs to draw down KfW-IPEX loan to develop Sangdong mine.
  • The Australian IPO that is currently being marketed will finally fill the gap leading to share re-rating.
  • Implied Post ASX funding market cap of US$176m puts shares on a forward EBITDA multiple of 4X 2023, falling to 3X from 2025 onwards.
  • Strong outlook for tungsten prices; Sangdong cost of production is around half of global average set by Chinese mines due to higher grade, greater scale.

For further details see:

Tungsten Miner Almonty Industries Nears The Funding Finish Line With ASX IPO
Stock Information
Company Name: Almonty Industries Inc
Stock Symbol: ALMTF
Market: OTC
Website: almonty.com
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