Deutsche Rohstoff sues Almonty for approximately USD 67 million in Canada
Bitget2026/11/11 06:30- Deutsche Rohstoff filed a Canadian lawsuit against Almonty Industries seeking approximately USD 67 million (approximately EUR 60 million).
- Claims include entitlement to 3,500,000 conversion shares and repayment of outstanding promissory notes.
- Almonty allegedly failed to repay approximately EUR 10 million in liabilities by the October 31, 2026, deadline.
- Almonty's countersuit seeks return of shares from the 2014 Wolfram Camp Mine sale in Australia; damages remain largely unquantified.
- The lawsuits have been consolidated; the German company considers Almonty's allegations unfounded and largely time-barred.
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