German commodity: Participation Almonty Industries are planned merger with Woulfe Mining known


Leading tungsten producer outside of China created

Heidelberg. Almonty Industries announced today, that it has signed a letter of intent with Woulfe Mining, which has the merger of the two companies leading tungsten producer outside of China to the object. The transaction is expected in the next 30 Days to be completed.

The full report can be found on the website of Almonty (

Almonty operates the Los Santos mine in Spain and the Wolfram Camp Mine in Australia and developed the Valtreixal tungsten / tin project in northwestern Spain, which 2017 scheduled to go into production. Woulfe Mining is 100% Owner of the Sangdong tungsten / molybdenum project in South Korea, that has a completed feasibility study and a very large tungsten resource.

Thomas Gutschlag, CEO of the German commodity, Commenting: "Almonty is consistently the way, build the leading tungsten producer outside of China. This creates the critical mass, to take to influence the tungsten prices and / or to be a very attractive acquisition target. As the second largest shareholder of Almonty we support the management in this step and are convinced, that our participation is gaining in value. "

The German raw material is 24,9% involved in Almonty and also holds a convertible bond in the amount of Almonty 7,5 My. Canadian Dollar, from the share price of CAD 1,45 can be converted into shares.

Heidelberg, 27. January 2015

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