The leaders in tungsten.

The leaders in tungsten.
ABOUT ALMONTY INDUSTRIES
Almonty is focused on acquiring distressed and underperforming operations and assets in Tungsten markets that can benefit
from its in-house operating experience and expertise.
CAPITAL STRUCTURE
As of August 06, 2013
Almonty is known as a very hands-on, turnaround investoroperator that is most effective in situations regarded as too
complex or difficult for the average, pure "financial investor”.
Trading symbol
TSX-V : AII
Shares issued & outstanding
37,044,389
Fully diluted
42,852,183
Almonty has been successful in implementing very quick and
very profitable turnarounds. The company has completed its
second turnaround and purchased its next project.
Year high/low
LOS SANTOS
Almonty has just completed (June 2013) its second optimization, at its Los Santos mine in northern Spain. Almonty acquired
the project in September 2011and has been focused on utilizing
its expertise in order to optimize operations, reduce costs and
improve the tungsten recovery rate. To date Almonty has been
successful in improving the tungsten recovery rate to approximately 65%, representing an improvement of over 40% since
the closing of the acquisition, reducing cash operating costs by
25% and increasing cash flow.
PANASQUEIRA
Prior to acquiring Los Santos, in 2005, Almonty identified and
acquired poorly managed tungsten mining and processing
operations located in Panasqueira, Portugal, through its control
position in publicly traded, Toronto Venture Exchange company,
Primary Metals Inc. (ticker-PMI). Almonty refurbished operations,
increased mine life and sold PMI in 2008 to the Japanese metals
conglomerate Sojitz for a price of roughly 20x earnings,
representing a thirty fold return on investment in 3 years.
VALTREIXAL
Immediately following the optimization at Los Santos, Almonty
purchased its next tungsten project, Valtreixal, located in northwestern Spain. The company plans on applying its tungsten
expertise in making Valtreixal another Almonty success story.
Almonty is actively pursuing other growth opportunities via
acquisitions where it can apply its tungsten expertise in order
to create additional value for all stakeholders. Almonty is focused on past producing mines, operations that are on care and
maintenance, tailings stockpiles and other situations where
near-term production and positive cash flow can be achieved.
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VALTREIXAL
France
LOS SANTOS
PANASQUEIRA
Spain
C$1.11 - C$0.70
Management holdings
37.0%
Heemskirk Consolidated Limited
15.0%
INVESTOR RELATIONS CONTACT
Dennis Logan, CA | Director and CFO
[email protected]
Tel: +1 647.438.9766
MANAGEMENT
Lewis Black | Director, President and CEO
Mr. Black is currently a Partner of Almonty Partners LLC
and has over 10 years of experience in the tungsten
mining industry. Mr. Black will have overall management responsibility.
Dennis Logan, CA | Director and CFO
Audit Committee Member
Prior to joining Almonty as Director & CFO, Mr. Logan
was a Managing Director, Investment Banking at
Desjardins Securities Inc. and has over 15 years of
capital markets experience.
Daniel D'Amato | Director
Corporate Governance and Compensation Board
Committee Member
Mr. D'Amato has over 20 years of experience in the
finance industry specializing in portfolio management
and private equity.
Bruce C. Ratner | Director
Corporate Governance and Compensation Board
Committee Member | Audit Committee Member
Mr. Ratner is currently the Chairman and CEO of Forest
City Ratner Companies, a New York-based real estate
development company he started in 1985. He is also
currently a director of Forest City Enterprises, Inc., a
New York Stock Exchange listed national real estate
company, a position he has held since 2007.
Mark Trachuk | Director
Corporate Governance and Compensation Board
Committee Member | Audit Committee Member
Mr. Trachuk is a lawyer and is a Partner in the
Business Law Group at Osler, Hoskin & Harcourt LLP
in Toronto. He practices in the area of corporate
and securities law with an emphasis on mergers,
acquisitions and strategic alliances.
TSX-V: AI I
TUNGSTEN
It is the heaviest engineering material with a density of 19.25 g/cm3.
It has the highest melting point of all metals at 3410∞C with a
boiling point of 5700∞C.
It has the lowest vapour pressure of all metals.
It has the highest modulus of elasticity of the metals (E = 400GPa).
It is the strongest of all metals—3 x harder than chrome and
titanium.
It has excellent high temperature strength characteristics.
It has the highest tensile strength at temperatures above 1650∞C.
It has a low thermal expansion co-efficient (4.4x10-6 m/m/∞C)
similar to that of borosilicate glass, and therefore makes it
useful for glass to metal seals.
It is environmentally-friendly, unlike other heavy metals like
lead.
Due to the unique properties of tungsten,
tungsten alloys and some tungsten
compounds, tungsten cannot be substituted
in many important applications relevant to
modern technology.
Tungsten is an additive in the production
of specialist steel; filament wire for lighting
(2%); and specialty uses for mobile phone
handsets, military, ballistics and more.
Today, manufacturing cemented carbides is
the main use of tungsten. Cemented
carbides, or hard metals, are materials
made by “cementing” very hard tungsten
monocarbide (WC) grains in a binder matrix
of tough cobalt metal by liquid phase
sintering. This results in hardness close to
that of diamonds.
It does not oxidize in air and needs no protection from
oxidation at elevated temperatures.
It has excellent corrosion resistance and is not attacked by
nitric, hydrofluoric, or sulphuric acid solutions.
For additional information on
TUNGSTEN MARKET
Tungsten and Tungsten Concentrate:
The World Supply of tungsten concentrate is dominated by
China.
In order to meet increasing domestic demand, China has become a net importer of tungsten concentrate due to increased
government regulations and restrictions on exports by China.
www.itia.info
International Tungsten Industry Association
Tungsten Metal Prices:
Global demand for tungsten concentrate has recovered from
the lows seen during the economic crisis of 2008-2009;
supplies have tightened as
demand
has increased resulting in
PMS
1797
a sustained price increase to record levels.
www.metal-pages.com
Metal Pages
Black
Forecasted demand growth
3-7% per annum, according to
PMSis
877C
the British Geological Survey, and is expected to outstrip
available supply, placing continued upward pressure on prices
in the short-term.
FORWARD LOOKING INFORMATION Certain statements contained in or incorporated by reference into this document constitute forward-looking statements.
Such statements reflect the current views of Almonty Industries Inc. with respect to future events and are subject to certain risks, uncertainties, and assumptions.
Many factors could cause the actual results, performance or achievements of Almonty Industries Inc. that may be expressed or implied by such forward-looking
statements to vary from those described herein should one or more of these risks or uncertainties materialize. Almonty Industries Inc. does not intend, and does
not assume any obligation, to update these forward-looking statements.
100 King St. W., Suite 5700
The Leaders in Tungsten
www.almonty.com
Toronto, ON M5X 1C7