Almonty sues Pure Tungsten for alleged false statements

Executive Summary

• Almonty Industries Inc. has filed a notice of application in the Ontario Superior Court seeking injunctive relief against Pure Tungsten Inc. for false and misleading statements about Almonty, its Sangdong mine, and former contractor Tiger Kim.
• The court action requests restraints on Pure Tungsten’s publications, compulsory corrective disclosures, and retractions of materially misleading claims that could mislead investors.
• Almonty emphasizes that Tiger Kim never held an executive or director role with the company; his independent‑contractor relationship ended on Dec. 31 2015.

Key Details

• Legal filing: Notice of application submitted to the Ontario Superior Court (commercial list).
• Relief sought:
• Injunctive order restraining Pure Tungsten and its representatives from publishing false statements about Almonty, its officers, and mineral properties.
• Mandatory corrective disclosure to recipients of Pure Tungsten’s correspondence that incorrectly stated Tiger Kim was a representative director of the Sangdong mine (2010‑2020).
• Retraction of other misleading claims comparing Pure Tungsten’s mineral assets to Almonty’s.
• Background: Pure Tungsten previously removed some multimedia posts after cease‑and‑desist letters but has not fully corrected or retracted all false statements and has threatened criminal proceedings against Almonty’s chairman, president, and CEO Lewis Black in Korea.
• Almonty’s position: Asserts Tiger Kim was never an executive, officer, or director; his role was limited to independent contractor work ending Dec. 31 2015.
• Quote from CEO Lewis Black: “Pure Tungsten's campaign of misinformation regarding Almonty is a direct threat to market integrity and to the interests of our shareholders… We will vigorously pursue all available remedies to ensure the public record is corrected and to protect investors from being misled.”

Notable Quotes

• “Pure Tungsten's campaign of misinformation regarding Almonty is a direct threat to market integrity and to the interests of our shareholders,” – Lewis Black, Chairman, President & CEO.
• “We will vigorously pursue all available remedies to ensure the public record is corrected and to protect investors from being misled.” – Lewis Black.