Almonty announces extension of loan with TaeguTec Ltd.

Almonty Industries (DRAG share 13.2%) announced today that it has reached an agreement with TaeguTec Ltd. for an extension to December 31, 2016 of the existing indebtedness of Almonty Korea Tungsten (formerly Sangdong Mining Corp.) to TaeguTec (in the outstanding principal amount of approximately CAD 6.33 million) previously due on March 31, 2016.