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Almonty Announces Closing of Non-Brokered Private Placement Financing of Approximately $700,000

TORONTO–(BUSINESS WIRE)–Almonty Industries Inc. (“Almonty”) (TSXV: AII): NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Almonty Industries Inc. (“Almonty”) (TSXV: AII) announces that it has closed its previously announced private placement pursuant to which Almonty issued 1,294,462 common shares at a price of $0.54 per common share for gross proceeds to Almonty of $699,009.48 (the “Offering”). All securities issued pursuant to the Offering are subject to