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Almonty Industries Inc., a conflict-free tungsten supplier listed on the ASX, Nasdaq, TSX, and Frankfurt exchanges, has issued and allotted 145,000 Common Shares as part of a statutory cleansing notice lodged with the ASX on 2 July 2026. The company confirmed that these securities were issued without disclosure under Part 6D.2 of the Corporations Act, and the cleansing notice facilitates the on-sale of these shares on the Secondary Market under the Section 708A exemption. This filing reassures investors that Almonty remains fully compliant with continuous disclosure obligations and that no material undisclosed information exists as of the filing date. The announcement coincides with Almonty’s ongoing efforts to establish itself as a key Western-aligned supplier of tungsten, a metal critical to defence and advanced technology Supply chains.
Key Points
- Company: Almonty Industries Inc. (ASX: AII, NASDAQ: ALM, TSX: AII, Frankfurt: ALI1)
- 145,000 Common Shares issued and allotted as detailed in Appendix 3G lodged on 2 July 2026
- Cleansing notice filed under Section 708A(5) of the Corporations Act, as amended by ASIC Corporations (Offers of CHESS Depository Interests) Instrument 2025/180
- Company confirms compliance with Chapter 2M, Sections 674 and 674A of the Corporations Act as of the notice date
- No material information has been excluded from continuous disclosure as of the notice date
- Investors should monitor updates on the Sangdong Mine (South Korea), Panasqueira Mine (Portugal), and the Gentung Browns Lake Project (USA)
Implications of the 145,000 Common Share Issuance and Appendix 3G Filing for Almonty Investors
On 2 July 2026, Almonty Industries announced the issuance and allotment of 145,000 Common Shares, with details provided in an Appendix 3G filed concurrently with the ASX. The Appendix 3G is a standard disclosure form for ASX-listed companies reporting new security issues, and its lodgement alongside the cleansing notice is a routine but vital compliance step under Australian securities law.
For current shareholders, the 145,000 shares represent a relatively small addition to Almonty’s overall Capital Structure. However, the exact effect on total shares outstanding depends on the company’s full register, which was not disclosed in this announcement. The specific purpose of the share issuance—whether for services, compensation, or other arrangements—was not detailed beyond the Appendix 3G reference.
Section 708A of the Corporations Act and Its Role in Enabling Secondary Market Trading of Almonty Shares
Australian law generally restricts the resale of shares issued without a formal disclosure document like a prospectus. The Section 708A cleansing mechanism allows companies to overcome this restriction. By issuing this notice, Almonty invoked the exemption under Section 708A(5) of the Corporations Act, as modified by ASIC Corporations (Offers of CHESS Depository Interests) Instrument 2025/180. This permits holders of the newly issued securities to trade them on the ASX without a separate prospectus or offering document.
The referenced instrument addresses the unique nature of CHESS Depository Interests (CDIs), which facilitate the trading of foreign-incorporated companies’ securities—such as Almonty, incorporated in Canada—on the ASX. This cleansing process is a well-established compliance pathway and does not indicate any irregularity in the share issuance.
Almonty’s Confirmation of Compliance with Continuous Disclosure Obligations as of 2 July 2026
A key requirement of a valid Section 708A cleansing notice is the company’s explicit confirmation of compliance with continuous disclosure obligations. Almonty stated that as of 2 July 2026, it has complied with Chapter 2M of the Corporations Act, governing financial reporting, and Sections 674 and 674A, which set out continuous disclosure requirements for listed entities.
The company also declared that no information has been withheld from continuous disclosure notices under ASX Listing Rules, and no material information necessary for investors and their advisers to assess the company’s assets, liabilities, financial position, performance, prospects, or rights attached to the new securities has been omitted. This declaration provides investors with assurance regarding the completeness of Almonty’s public disclosures at the time of filing.
Almonty’s Position as a Conflict-Free Tungsten Supplier and Its Strategic Importance to Western Defence
Almonty Industries identifies itself as a leading supplier of conflict-free tungsten, a metal whose commercial and geopolitical importance has grown significantly. Tungsten is critical in defence applications, including armour-piercing ammunition, munitions casings, and advanced electronics Manufacturing. As Western governments seek to diversify and secure critical mineral supply chains away from adversarial nations, companies like Almonty have garnered increased institutional and governmental interest.
The company’s flagship asset is the Sangdong Mine in South Korea, historically one of the world’s largest and highest-grade tungsten deposits. Its location in South Korea—a close US ally—positions it advantageously within supply chain security frameworks pursued by NATO and Indo-Pacific partners. Almonty also operates the Panasqueira Mine in Portugal and holds projects in the United States and Spain, providing a geographically diversified production base across allied countries.
The Sangdong Mine and Molybdenum Project as Key Near-Term Growth Drivers
Investors have focused on the Sangdong Mine due to its scale and strategic significance to global tungsten supply. The mine is currently undergoing development and ramp-up, and Almonty consistently highlights it as central to its long-term production growth. While this announcement references ongoing advancement at Sangdong, it does not disclose specific production milestones, timelines, or financial details.
Adjacent to the tungsten operation, Almonty is advancing the Sangdong Molybdenum Project in South Korea, a complementary asset with its own development pathway. Molybdenum is another critical metal with important industrial and defence uses. The co-location with existing infrastructure may offer capital and operational synergies, though no specific timelines or cost estimates were provided.
The Gentung Browns Lake Project and Almonty’s US Presence
Almonty’s US footprint includes the Gentung Browns Lake Project in Montana, referenced as part of its broader development pipeline. Given the US government’s efforts to rebuild domestic and allied critical minerals production—especially for defence-related materials—this project may benefit from favorable policy conditions.
The announcement does not include updated operational details, resource estimates, or development timelines for Gentung Browns Lake. Investors seeking current information should consult earlier company updates and technical reports filed on SEDAR, EDGAR, or the ASX. No financial figures related to this project were disclosed in the current notice.
Almonty’s Multi-Exchange Listing and Its Impact on Liquidity and Investor Access
Almonty Industries is listed on four exchanges simultaneously: ASX (AII), NASDAQ (ALM), TSX (AII), and Frankfurt (ALI1). This multi-exchange structure grants access to capital and investors across Australia, the US, Canada, and Germany, supporting liquidity and broadening the institutional investor base. For Australian investors trading on the ASX, the cleansing notice is particularly relevant as it addresses regulatory requirements applicable to CDI holders.
The cross-listing necessitates compliance with multiple regulatory frameworks. The reference to ASIC Corporations Instrument 2025/180 reflects the specific rules applying to foreign-incorporated entities listing securities as CDIs on the ASX rather than ordinary shares. Australian investors should note that their securities represent CDIs, which are interests in the underlying common shares of the Canadian parent company.
Board Approval and Governance Confirmation of the Cleansing Notice
The Board of Almonty Industries Inc. has formally approved the cleansing notice, as stated at the conclusion of the filing. This board-level endorsement is a standard governance practice confirming that directors have reviewed and support the notice’s contents, including the continuous disclosure compliance statements.
Lewis Black, Chairman, President, and Chief Executive Officer, is the primary company contact listed. Black has been a longstanding leader at Almonty, holding both executive and board roles throughout the company’s growth phase. Investor relations are managed by Lucas A. Zimmerman of MZ Group – MZ North America, providing a dedicated channel for investor communications.
Share Price Impact and Investor Considerations Following the Notice
The immediate effect on Almonty’s share price was not evident from public information. Cleansing notices are typically technical compliance filings rather than operational announcements, and market participants generally do not react strongly to them alone. However, the release of 145,000 previously restricted shares onto the secondary market could exert modest short-term selling pressure, depending on holders’ intentions. The relative size of this issuance compared to the total shares outstanding is a key Factor in evaluating potential impact.
Investors are likely to focus more on operational progress at the Sangdong Mine, tungsten commodity price trends, and geopolitical developments affecting critical mineral supply chains than on this compliance filing. Upcoming milestones to watch include production or Revenue updates from Sangdong, project developments at Panasqueira, and news regarding offtake agreements, government partnerships, or capital allocation decisions across Almonty’s tungsten and molybdenum assets.
