Third Sangdong Loan Facility Drawdown & Project Update

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Nov 15, 2022

Almonty Industries Inc. (“Almonty” or “the Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI), is pleased to announce it has completed its third scheduled drawdown of the total US$75.1 million KfW IPEX-Bank project finance facility for its Sangdong Tungsten Mine (the Loan Facility), and to provide a project update from the Chairman of the Company.