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Almonty Industries Inc.
An SI Board Since July 2011
Posts SubjectMarks Bans Symbol
654 17 0 AII.TO
Emcee:  Sultan Type:  Moderated
Almonty Industries Inc. Completes Acquisition of Woulfe Mining Corp. and Announces Financing Transactions of $7.78 Million

Toronto and Vancouver, British Columbia - September 11, 2015 - Almonty Industries Inc. (“Almonty”) (TSXV: AII) and Woulfe Mining Corp. (“Woulfe”) (CSE: WOF, Frankfurt: OZ4) are pleased to announce that Almonty has completed its acquisition of Woulfe by acquiring all of the outstanding shares of Woulfe pursuant to an arrangement under the Business Corporations Act (British Columbia) (the “BCBCA”). The transaction was previously approved by Woulfe shareholders in accordance with the requirements of the BCBCA, and was subsequently approved by the Supreme Court of British Columbia. It is expected that the common shares of Woulfe will be delisted from the Canadian Securities Exchange at the close of business on or about September 14, 2015. Under the arrangement, each Woulfe common share has been exchanged for 0.1029 of one Almonty common share. Registered Woulfe shareholders should follow the instructions in Woulfe’s management information circular dated July 28, 2015 in order to obtain certificates representing their Almonty common shares due to them under the arrangement. Almonty has issued an aggregate of 34,806,205 Almonty common shares in connection with the arrangement.

Company Overview

Woulfe Mining a CSE listed company with a diversified portfolio of mining licenses for tungsten, molybdenum, gold, base metals and uranium-vanadium in South Korea.

The company is focused on the development of the Sangdong tungsten mine (one of the World's largest and most renowned tungsten mine's for 40 years) a property that we believe has substantial value for our shareholders. The outcome of the scoping study in March 2010 determined that the project NPV was US$467 million at a commodity price of $25,000 per tonne Ammonium Paratungstate (APT). Today, the APT price is over US$45,000 per tonne. Woulfe has accelerated the project due to the robust project and market. The company's target is to move to production at the end of 2012. In the last 18 months the company has focused on building the Sangdong tungsten mine team and reopening the mine. The project is well staffed with professionals and is moving forward rapidly.

Woulfe Corporate has now turned its focus to the Muguk gold project, historically Korea's largest producing gold mine. In 1998, Muguk was reported by Korea Resources Corporation (KORES) to contain a combined resource of 1,418,980 tonnes @ 13.5 g/t gold, 72.8 g/t silver (615,956 oz gold and 3,321,599 oz silver). Woulfe cautions that a Qualified Person has not done sufficient work to classify the historical estimate as current, that it is not treating the historical estimate as current and that the historical estimate should not be relied upon. A drill campaign is starting drilling the down dip extensions of the Three Brothers Vein in June 2011. Woulfe's other projects will be considered once these two projects are moving to production, in order to unlock value for shareholders and to move the company to a positive cash flow as quickly as possible.

Shares Issued and Outstanding 268,206,883
Options 12,975,000
Warrants 42,906,750
Fully Diluted 324,088,583
Listings CSE: WOF
Frankfurt: OZ4.F
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654What happens when China dominates tungsten supply: Almonty Industries [VIDEO] mSultan1September 8
653Investors Presentation 8
652Almonty Industries Second Update For Sangdong Mine US$75M Project Financing And Sultan-September 8
651Almonty Industries Inc. Update for Its Sangdong Mine US$75 Million Project FinanSultan-August 26
650Almonty Industries On The Brink Of A Transformational Change From Struggling JunSultan-August 14
649Almonty Industries' CEO Lewis Black is Interviewed by FreightWaves youtube.Sultan1August 11
648Diversifying the tungsten supply chain mining.comSultan-August 4
647Translated from German so FWIW Exclusive interview reveals why this stock will Sultan-August 2
646Translated from German Positive news flow in recent months as a course driver Sultan-July 24
645Almonty Industries (the "Corporation") Annual and Special Meeting of SLoneClone-July 18
644Almonty Industries Inc. Completes a Non-brokered Phase One Financing for the ConSultan-July 13
643July Investors Presentation almonty.comSultan-July 7
642Almonty Announces Positive Q1-2020 EBITDA From Mining Operations(1) and the FLoneClone-June 29
641Almonty Postpones the Release of Its First Quarter Financial Results and RelatedLoneClone-June 15
640Almonty Receives New Land Classification for Its Valtreixal Property in Spain ASultan-June 11
639Almonty Announces Finalization of Plant Layout of Sangdong Mine upon Fixation ofSultan-May 27
638Almonty Shares Begin Trading on Xetra in Germany Almonty Industries Inc. (TSX:ASultan-May 25
637Almonty Announces Completion and Receipt of Basic Engineering Work for the SangdSultan-May 20
636Report: Almonty Industries – Steadily developing a massive Tungsten mine caesarSultan1May 14
635Almonty Announces Execution of Memorandum of Understanding With Provincial and LoneClone-May 11
634Almonty Announces Execution of Memorandum of Understanding with Provincial and CSultan-May 11
633Governor Moon-Soon Choi expresses his support for one of South Korea’s most presSultan1April 27
632They put out one for Sangdong on March 13th but I have not seen anything else.. Sultan-April 16
631Did Almonty put out a PR about this material event? If so, I missed it. TungsteLoneClone-April 16
630This is the latest interview of the CEO, published in German.. Translated througSultan-April 8
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