Almonty Industries Inc. Form 6-K Filing

Almonty Industries Inc. has issued US$800 million in aggregate principal amount of 2.25% Convertible Senior Notes due 2031. The net proceeds, approximately US$772.7 million after expenses, will be used for working capital and general corporate purposes, including potential acquisitions. A portion of the proceeds, around US$83 million, was used for capped call transactions to mitigate potential dilution from note conversions. The notes mature on July 1, 2031, and can be converted into the Company's common shares under certain conditions, with an initial conversion price representing a premium over the stock's market price. The Company also entered into capped call transactions to reduce potential dilution. The filing details the terms of the notes, including interest payments, conversion rights, redemption conditions, and events of default, as well as the terms of the associated capped call transactions.