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Almonty Industries Inc.
An SI Board Since July 2011
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838 18 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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838IIF - Almonty Industries Inc Presentation - September 275h youtube.comSultan-last Wednesday
837Insiders in Almonty own 50% + shares so it will not be easy but who knows.. For Sultan-September 23
836The share price has gotten low enough that, as with NPK, I fear an opportunisticLoneClone-September 23
835Sangdong Downstream Extension Project Progressing TORONTO, September 21, 2022--Sultan-September 22
834Sangdong Downstream Extension Project Progressing almonty.comSultan-September 22
833Sangdong Mine – Operational Update and Second KfW Drawdown Received Torrential Sultan-August 23
832Almonty Announces the Filing of Its Unaudited Interim Condensed Consolidated FinSultan-August 13
831Almonty Industries’ (ASX:AII) stars align with significant maiden molybdenum MRESultan-August 1
830Almonty Announces Receipt of the First Drawdown Amount of US$12,818,081 With theSultan-July 28
829Significant Maiden Molybdenum Resource Defined Adjacent to the Tungsten Orebody Sultan-July 18
828Almonty Announces Receipt of the Fully Executed Utilization Request for the FirsSultan-July 5
827[tweet]Sultan-June 30
826Almonty plans top tungsten production outside China mining-journal.comSultan-June 27
825Metso Equipment Has Started to Arrive at Almonty’s Sangdong Mine almonty.comSultan-June 24
823Almonty Industries (ASX:AII): Building the world’s largest tungsten mine backed Sultan-June 15
822Almonty Raises a Further A$2.12m in Private Placement to Advance Ongoing Growth Sultan-June 7
820IIF - Almonty Industries Inc. May 22nd 2022 youtube.comSultan-May 23
819Almonty Industries (ASX:AII) Sangdong tungsten project attracts Tier-1 financingSultan-May 19
818Almonty Announces the Filing of Its Unaudited Interim Condensed Consolidated FinSultan-May 16
817Congrats of finding this NR. It has had almost no distribution, and you can'LoneClone-May 11
816cdn-api.markitdigital.comSultan-May 11
815South Korea hunts tungsten treasure in race for rare minerals reuters.comSultan-May 9
814CEO Presentation at International Investment Forum - May 19th ii-forum.comSultan-May 9
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