Corporate Governance - Almonty Industries Inc. received 99.31% approval for the CDI Option Amendment, with 62,171,146 votes in favor and only 430,346 against[5] - The Warrant Amendment was approved with 99.51% support, totaling 58,418,461 votes for and 290,479 against[5] - 74.61% of CDI Option holders, representing 4,893,406 options, consented to the CDI Option Amendment[5] - The amendments to the CDI Options and Warrants aim to eliminate accounting distortions related to currency discrepancies[4] Tungsten Supply and Demand - The Sangdong Mine in South Korea is expected to supply over 80% of global non-China tungsten production upon reaching full capacity[6] - Almonty is strategically positioned to meet rising demand for tungsten, particularly from Western allies focused on supply-chain security and defense readiness[6] - The company is actively addressing critical supply vulnerabilities highlighted by recent U.S. defense procurement bans and Chinese export restrictions[6] - The company emphasizes the strategic importance of tungsten in defense and advanced technology sectors amid increasing geopolitical tensions[6] - Forward-looking statements indicate expectations for increasing demand for tungsten and the anticipated performance of the Sangdong Mine[10] Market Presence - Almonty operates established facilities in Portugal and has additional projects in Spain to enhance its market presence[6]
Almonty Industries Inc(ALM) - 2025 Q3 - Quarterly Report