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Almonty Nears Tungsten Production Milestone Amid Nasdaq Listing and U.S. Defense Deals
7:01am on Saturday 16th of August, 2025 AEST
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Mining
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Almonty Nears Tungsten Production Milestone Amid Nasdaq Listing and U.S. Defense Deals
7:01am on Saturday 16th of August, 2025 AEST
Key Points
Q2 revenue declined 9.4% to CAD 7.2 million
Net loss surged to CAD 58.2 million due to non-cash warrant and derivative revaluations
Completed Sangdong mine construction, targeting production in H2 2025
Raised US$90 million in Nasdaq public offering
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ALMONTY INDUSTRIES (ASX:AII)
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