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    Global Geologists Visit Sangdong Mine during September, 2024 IGC Conference in South Korea

    Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), is pleased to announce that, on September 2, 2024, renowned geologists from around the world visited the Company’s Sangdong Tungsten Mine in Yeongwol, Gangwon Province, South Korea. These geologists are visiting South Korea to attend the 2024 International Geological Congress (“IGC”), hosted by the International Union of Geological Sciences (“IUGS”) in Busan, South Korea. Amongst a multitude of endeavors, the IUGS works through topic specific Commissions, Task Groups, and Initiatives as well as Joint Programmes with other organizations, that are concerned with a wide range of geologic research of direct interest to governments, industry, and academic groups within the Earth sciences. During the visit to the mine site, the geologists showed great interest in the redevelopment status of the Sangdong Mine, a key mineral resource site for tungsten and one of the largest tungsten resources in the world.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240906103059/en/

    (Photo: Business Wire)

    (Photo: Business Wire)

    The visiting team, composed of geologists and geochemists, was led by Professor Seo Jeong-hoon from the Department of Geology at Seoul National University. The team used UV lamps to examine the tungsten and molybdenum mineralization zones within the mine galleries, which are rare globally. Dr. Reiner Klemd from Friedrich-Alexander-Universität Erlangen-Nürnberg in Germany commented, “It’s remarkable that South Korea has such mineral deposits and regions. I look forward to seeing South Korea lead the mining industry through continuous exploration and the adoption of new technologies.”

    Lewis Black, CEO of Almonty, expressed his gratitude, stating, "We deeply appreciate the international geological community's interest in the Sangdong Mine. The redevelopment of the Sangdong Mine plays a crucial role in stabilizing and diversifying the global mineral resource supply, and we will continue to support academic research and the advancement of mining technology."

    Kang Dong-hoon, Director of Planning and Technology at Almonty Korea Tungsten Corp. (Almonty’s wholly-owned subsidiary in South Korea) explained, “The Sangdong Mine is one of the world’s largest tungsten deposits, verified under both the Australian (JORC Code) and Canadian (NI 43-101) standards for resource estimation and mineable reserve calculations.” Director Kang also noted, “As the importance of critical minerals becomes increasingly prominent globally, global governments prioritize securing these resources and, as a result, interest from geologists is also rising.”

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    Global Geologists Visit Sangdong Mine during September, 2024 IGC Conference in South Korea Almonty Industries Inc. ("Almonty" or the "Company") (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI.F), is pleased to announce that, on September 2, 2024, renowned geologists from around the world visited the Company’s Sangdong Tungsten Mine …