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Almonty urges shareholders to vote ahead of June annual meeting

June 1, 2026 7:32 AM

Almonty Industries Inc. (NASDAQ: ALM) reminded shareholders to submit votes before its annual general meeting scheduled for June 9, 2026. The tungsten producer set a proxy deadline of 10:00 a.m. Eastern time on June 5, 2026.

The company reported several developments in 2025, including the start of mining operations at its Sangdong Tungsten Mine in South Korea and drilling programs at its Sangdong Molybdenum Project and Panasqueira Mine in Portugal. Almonty completed a $90 million initial public offering on the Nasdaq Capital Market and a $129 million follow-on offering in December 2025.

The company established corporate headquarters in the United States and acquired full ownership of the Gentung Browns Lake Tungsten Project in Montana. Almonty added two independent directors to its board and several executives to management.

"These accomplishments are a result of the strategic direction set by the board and executed by senior management resulting in strong momentum for Almonty as it scales to meet surging global demand for tungsten," said Lewis Black, Chairman, President and Chief Executive Officer.

The board unanimously recommends shareholders vote for the re-election of all director nominees listed in the company's management information circular dated April 29, 2026. Almonty engaged Sodali & Co as proxy solicitation agent for approximately $37,500 plus expenses.

Almonty operates tungsten mines in South Korea and Portugal, with additional projects in Spain and the United States. The company trades on multiple exchanges including NASDAQ, TSX, ASX, and Frankfurt.

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