Almonty Signs MOU With South Korean Government & Global Leading Rare Metal Recycling Company to Strengthen South Korea's Domestic Supply Chain

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Mar 28, 2022

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) is pleased to advise that it has signed a memorandum of understanding (“MOU”) with Korean Mine Rehabilitation and Resource Corporation (“KOMIR”) and Hannae For T, Ltd (“Hannae”) to strengthen the South Korean domestic supply chain through the joint promotion of recycling of rare metals (such as Tungsten and Molybdenum) using scrap resources and tungsten concentrates to downstream to nano Tungsten Oxide and other essential products for Korean domestic consumption in the semiconductor and battery sectors.