Almonty Industries Inc. (TSX:AII) announced non-brokered private placement on January 4, 2021.

On the same day the company issued 2,050,251 shares at a price of CAD 0.75 per share for gross proceeds of CAD 1,537,688 in its first tranche closing. The tranche included participation from existing investors Lewis Black and Deutsche Rohstoff AG (XTRA:DR0).