04:57 PM EST, 01/31/2025 (MT Newswires) -- Almonty Industries ( ALMTF ) , after trade Friday, said it received final commitments for about 3.3 million placement chess depository (CDI) units from long-time shareholders made in December 2024.

The total proceeds from the placement amount to A$18.45 million, consisting of 4.53 million Canadian units and 15.41 million CDI Units, priced at C$0.82 per Canadian unit and A$0.90 per CDI Unit, the company said.

Each participant will receive one warrant for every common share issued and one unlisted option for every CDI issued, exercisable at C$1.14 and A$1.25, respectively, with a three-year expiration.

The funds raised will be used to restructure the company's balance sheet and cover offer costs. The settlement of the units is expected by Tuesday, the company said.