Almonty Industries Inc. announced that it has added Mr. Michael Costa as an independent director to its board of directors. Mr. Costa serves as Vice President and Portfolio Manager at Goodman & Company Investment Counsel Inc. In this role, he acts as Portfolio Manager, managing a portfolio of opportunistically invested assets, with a core focus on Canadian capital markets. The appointment of Mr. Costa as an additional independent director allows Almonty to meet the governance requirements of the Company Manual of the Toronto Stock Exchange and supports its application to graduate its listing to the main board of the Toronto Stock Exchange, which has been submitted and is currently being reviewed by the exchange.