06:59 AM EDT, 04/02/2024 (MT Newswires) -- Almonty Industries Inc. ( ALMTF ) reported a fourth-quarter net loss of $3.2 million, or $0.01 per diluted share, wider than a loss of $1.5 million, or $0.01 per diluted share, a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was $5.4 million, down from $6.7 million a year earlier.

"While our Panasqueira mine in Portugal consistently provides a positive EBITDA from mining operations, Almonty continues to clean up its balance sheet by converting over $9 million of long-term debt as well as pushing out the maturity dates of over $48 million of debt to late 2025 and beyond," Lewis Black, president and CEO, noted.