Almonty Industries Inc. announced a private placement 3,333,333 placement units at a price of CAD 0.45 per placement unit for gross proceeds of CAD 1,499,999.85, and 1,078,433 million placement chess depository interests units at a price of CAD 0.44 per placement chess depository interests unit for gross proceeds of CAD 474,510.52; for aggregate gross proceeds of CAD 1,974,510.37 on October 6, 2023. Each placement unit participant will be issued one warrant for every common share issued and one free unlisted option for every one placement chess depository interests unit issued, exercisable at CAD 0.60, with an expiry date of 36 months from the date of closing. The transaction will include participation from Lewis Black, the company?s CEO for CAD 500,000 and Dan D?Amato for CAD 366,666.63 for placement units.The closing of the placement is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSX and ASX.