09:51 AM EST - Almonty Industries Inc. : Announced an update in relation to the KfW $75.1-million U.S. loan facility. Almonty advises that it is in receipt of the completion of conditions precedent letter from KfW. Almonty has now satisfied all of the 110 conditions precedent. Once the balance of the equity has been transferred to the loan account held in Korea by Almonty Korea Tungsten Company and the payment of various financing fees is completed, which are customary to project finance lending, the bank can then move to issuing the drawdown letter and the first drawdown will commence. Almonty Industries Inc.
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