Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An announcement from Almonty Industries ( (TSE:AII) ) is now available.
Almonty Industries Inc. has successfully secured final commitments for an AUD 18.45 million equity placement, involving the issuance of Canadian units and Chess Depository Units. The proceeds will be used for restructuring the company’s balance sheet and covering offer costs, with settlement expected by February 4, 2025, pending regulatory approvals.
More about Almonty Industries
Almonty Industries Inc., based in Toronto, Canada, is primarily engaged in the mining, processing, and shipping of tungsten concentrate. The company operates the Los Santos Mine in Spain, the Panasqueira mine in Portugal, and is developing the Sangdong tungsten mine in South Korea and the Valtreixal tin-tungsten project in Spain.
YTD Price Performance: 16.83%
Average Trading Volume: 231,258
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$313.2M
Learn more about AII stock on TipRanks’ Stock Analysis page.
