Latham & Watkins Advises on Almonty Industries’ US$700 Million Convertible Senior Notes Offering

Almonty Industries Inc. (Nasdaq: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1) has announced the pricing of its oversubscribed offering of US$700 million aggregate principal amount of 2.25% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The issuance and sale of the notes are scheduled to settle on June 9, 2026. Almonty also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from and including the date the notes are first issued, up to an additional US$100 million aggregate principal amount of notes.

Latham & Watkins LLP represents the initial purchasers in the offering with a corporate team led by partners Greg Rodgers and Andrew Blumenthal, with associates Andrew Bentz and Steve Hess. Advice was also provided on tax matters by partner Aaron Bernstein, with associate Shiyi Parsons; and on derivatives matters by partner Reza Mojtabaee‑Zamani, with associates Shawn Noh, Daniel Weiss, and Adam Zhang.