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Almonty Industries Inc. Announces the Commencement of Its Corporate and Board Restructuring to Shift Its Focus Toward Korea
January 13, 2021 GMT
TORONTO (BUSINESS WIRE) Jan 13, 2021
Almonty Industries Inc. (“Almonty”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce the first two new additions to our team as the Company begins its transition toward a much greater focus on Korea and the greater Asian and Australian financial markets. These appointments will become effective February 1 st, 2021.
Firstly, we would like to welcome to our Board of Directors Mr. James Kim. Mr. Kim is the current Chairman and CEO of the American Chamber of Commerce Korea (AMCHAM) and was previously the Head of Operations for General Motors Korea, managing some 17,000 employees. This followed his role as CEO of Microsoft Korea.
Almonty Industries Inc. Announces an End-of-Year Christmas Update
Almonty Industries Inc. Announces an End-of-Year Christmas Update Almonty Industries Inc. (Almonty or the Company) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce an end-of-year update.
Almonty Korea Tungsten Sangdong project “ After the previously announced execution of the loan agreements, the Company wishes to update the market on its current status. The Monty B portal has been completed on time and was increased from 120m to 131.1m. The office/Laboratory has also been completed on time. The phase 2 mine development of 600m will commence this week and the Company is now discussing with Metso the ordering procedure and protocols for the long lead time crushing equipment. Metso are currently with members of the Almonty team in Portugal concluding the lock cycle process tests which will then enable Metso to finalize their engineering study of the flotation plant. The crushing engineering study
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