Fact Sheet

Building the World’s Largest Tungsten Mine

Tungsten Producer
Funding Package
Masterpiece Sangdong
New Extension
Profitable Company
Conflict Free

Corporate Snapshot

Shareholder Structure

Strong Future Cash Flows and a 30+ Year Mine Life

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Almonty will generate future cash flows for a 30+ year mine life from one of the largest tungsten resources in the world, with the potential for 90+ years

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Sangdong – Strategically important, high grade & high margin tungsten mine with 90+ years of production

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Developing a downstream extension plan to create nano size tungsten used in battery anode & cathode

Strong Future Reserves

Floor Price Guarantee and a Fully Permitted Mine

Tungsten (W)

Floor Price (USD235/MTU, APT) Guarantee by a Global Tungsten Major – Plansee Group

➢ Translates to USD183/MTU, WO3 65% concentrate price
➢ Locked-in profits over USD106/MTU cash cost
➢ Equivalent to approx. 580 US$m over 15 years at the prevailing price and with minimum offtake volume guaranteed – 750 C $m

Floor Price Guarantee

Factors behind the ‘Unprecedented’ Floor Price Guarantee

➢ Almonty’s track record of honoring existing offtake agreements
➢ Market insiders’ insight into tungsten prices & the understanding of the distorted LMB tungsten pricing caused by ‘China’s spoil’ in the past

Supply / Demand Gap Continuing To Widen

Supply Demand Gap Graph
Supply Demand
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Strong growth is anticipated to persist in the cemented carbides sector, as well as in super alloys and other alloys.

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Additionally, there is a rising demand for progressive technologies and tungsten utilization in the defense sector, all of which are projected to drive growth in the coming years.

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On the supply side, it is important to note that the global tungsten market is becoming increasingly constrained and is expected to experience a more pronounced deficit in the coming years. In fact, certain indications of this deficit are already evident in the market.

Tungsten – Tight Market with Geopolitical Tension

THE MOST IMPORTANT AMONG ALL RAW MATERIALS

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Increasing dependence on China and Russia is increasing tension in the market given the non-transparent nature of the countries and the lack of assurance of fair production practices.

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Declared a “critical raw material” as a result of high supply-risk and high economic importance by most countries, e.g. Australia, US, Canada, EU & South Korea.

Production
Tight Market
End Markets
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PDFFact Sheet – Almonty Industries Inc.November 2023 | 553KBDOWNLOAD

If you are a shareholder of Almonty Industries Inc. and have questions regarding:

  • Change of Address and/or Name
  • Transfer of Shares
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Contact the Company’s transfer agent directly at:

COMPUTERSHARE INVESTOR SERVICES INC.

510 Burrard Street, 2nd Floor
Vancouver, BC
V6C 3B9

Toll Free: 800 564 6253
Toll: +1 (514) 982 7555
Fax Number: +1 (514) 982 7635 / +1 (888) 453 0330

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