Almonty Industries Inc. Announces Pricing of Upsized US$112,500,000 Underwritten Offering of Common Shares in the United States
TORONTO, December 09, 2025--( BUSINESS WIRE)--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.
The Offering will be made in the United States only by means of the Registration Statement, including the Base Prospectus and Supplement. Such documents contain important information relating to the Company and the Offering. The Base Prospectus and Supplement can be found on SEDAR+ at www.sedarplus.ca, and the Registration Statement, including the Base Prospectus and Supplement, can be found on EDGAR at www.sec.gov. Prospective investors may request copies of the Base Prospectus, Supplement and Registration Statement from the Company by telephone at +1 (647) 438-9766 or by email at info@almonty.com or from BofA Securities by email at dg.prospectus_requests@bofa.com. Prospective investors should read the Base Prospectus, Supplement, Registration Statement and the documents incorporated therein by reference before making an investment decision.
No regulatory authority has either approved or disapproved the contents of this news release. This news release does not constitute an offer to sell or the solicitation of an offer to buy Common Shares, nor shall there be any sale of Common Shares in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction.
finance.yahoo.com |
