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Almonty issues shareholder letter, says Sangdong first tungsten concentrate produced
The company said its Sangdong tungsten mine has produced its first bags of tungsten concentrate and Phase II underground development is underway. Almonty also said it has bought back 2,914,739 shares for about US$48 million under its repurchase programme.
Almonty Issues Shareholder Letter and Provides Corporate Update
Almonty Industries Inc. (“Almonty” or the “Company“) (NASDAQ:ALM) (Frankfurt: ALI1), a leading global producer of tungsten, today issued a letter to shareholders from Lewis Black, Chairman and Chief Executive Officer of Almonty.Dear Fellow Shareholders,When I last wrote to you, I described our Sang…