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Almonty Industries Reports Fiscal Year 2024 Financial Results
Almonty Industries (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) reported its fiscal year 2024 financial results, showing a 28% increase in revenue to $28.8 million and an 81.8% increase in income from mining operations to $2.0 million. The company obtained shareholder approval for a proposed domestication to the United States, secured a partnership with American Defense International, and engaged MZ Group for investor relations. Net loss for the year totaled $16.3 million, primarily due to non-cash unrealized foreign exchange losses and changes in valuation of liabilities.
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