Almonty reports Q4 revenue C$8.7M vs. C$5.3M last year

Reports Q4 adjusted EBITDA loss C$6.2M vs. C$2M last year. Lewis Black, chairman, president and CEO, commented: “The fourth quarter marked a defining milestone for Almonty (ALM) with the delivery of the first ore to the ROM pad at Sangdong, transitioning us from development into active mining operations at what we expect will become one of the Western world’s largest tungsten mines. Coupled with a transformative year of capital markets activity that has strengthened our balance sheet with over $268 million in cash, continued production from Panasqueira, and Sangdong advancing toward commissioning, the Company believes it is well positioned for its next phase of growth.”