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     469  0 Kommentare Almonty Postpones the Release of Its Fifth Quarter and Fifteen-Month Period Financial Results and Related Disclosure Due to COVID-19 Related Delays

    Almonty Industries Inc. (“Almonty”) (TSX:AII / OTCQX:ALMTF / Frankfurt:1MR) (the "Company") announces that due to logistics and delays caused by the COVID-19 virus, it is relying on the exemption provided in Ontario Instrument 51-502 of the Ontario Securities Commission (and similar exemptions provided by other Canadian Securities Regulators) to postpone the filing of the following continuous disclosure documents (collectively the “Documents”):

    • The Company’s Annual Audited Financial Statements for the fifteen-month period ended December 31, 2019.
    • The Company’s Management Discussion & Analysis for the fifteen-month period ended December 31, 2019.
    • The Company’s Annual Information Form for the fifteen-month period ended December 31, 2019.

    Recent events pertaining to COVID-19 have impacted the Company, its employees and its directors' ability to rely on timely information and meet to approve its financial statements and management's discussion and analysis.

    According to the Ontario instrument, during the period from March 23, 2020, to June 1, 2020, a person or company required to make certain filings as described in the Ontario instrument has an additional 45 days from the deadline otherwise applicable under Ontario securities laws to make the filing.

    Until the Company has filed and announced the required financial statements, management's discussion and analysis and annual information form, members of the Company’s management and other insiders are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207. The Company expects to file the Documents within 30 days.

    An update on material business developments since the filing of the Company’s interim financial reports has been provided in prior press releases as follows:

    • The closing of a private placement of units in various tranches (see press releases dated November 27, 2019, December 9, 2019, December 17, 2019 and February 19, 2020),
    • Amendments made to a convertible debenture previously issued by the Company (see press release dated January 10, 2020),
    • Receipt of a binding commitment for US$76 million Sangdong Project Financing (see press release dated January 23, 2020),
    • The extension of the Sangdong mine off-take agreement to 15 years (see press release dated February 10, 2020),
    • Receipt by the project lender of a preliminary export credit cover for the Company’s project financing of the Sangdong tungsten mine (see press release dated February 24, 2020),
    • Completion of a non-brokered private placement of a secured convertible debenture in the principal amount of US$2,000,000 (see press release dated March 6, 2020), and
    • A status update on the Sangdong mine with regard to COVID-19 (see press release dated March 13, 2020),

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    Almonty Postpones the Release of Its Fifth Quarter and Fifteen-Month Period Financial Results and Related Disclosure Due to COVID-19 Related Delays Almonty Industries Inc. (“Almonty”) (TSX:AII / OTCQX:ALMTF / Frankfurt:1MR) (the "Company") announces that due to logistics and delays caused by the COVID-19 virus, it is relying on the exemption provided in Ontario Instrument 51-502 of the Ontario …