Almonty Announces a Sangdong Update and the Appointment of New Director in Anticipation of the Application for ASX Listing

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May 31, 2021

Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: ALI.F) is pleased to announce the appointment of Andrew Frazer to its Board of Directors. The appointment of Mr. Frazer to our board is in anticipation of our application to the Australian Stock Exchange for listing.