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Almonty Announces Initiatives to Enhance Tailings Recovery at its Panasquiera Mine and the Filing of an Updated Technical Report on its Wolfram Camp Mine

TORONTO–(BUSINESS WIRE)–Almonty Industries Inc. (TSX-V:AII) (“Almonty”) is very happy to announce that its fully owned subsidiary, Beralt Tin and Wolfram (Portugal) S.A., which operates the Panasqueira Tungsten Mine in Portugal, has reached a comprehensive agreement with Crominet Mining Processing SA (PTY) Ltd. (“Crominet”), which is expected to result in an increase to its overall recovery. Currently, at Panasqueira, a Heavy Media Separation unit generates a pre-concentrate which is then upg