Deutsche Rohstoff sues Almonty for approximately $67 million in Canada
ALM•ALM•ALM•ALM•Deutsche Rohstoff filed a Canadian lawsuit against Almonty Industries seeking approximately $67 million, including 3.5 million conversion shares and repayment of promissory notes. The lawsuits have been consolidated; Deutsche Rohstoff says Almonty’s allegations are unfounded and largely time-barred.
Deutsche Rohstoff is seeking approximately $67 million, or about €60 million, from Almonty Industries in a Canadian lawsuit. Its claims include entitlement to 3.5 million conversion shares and repayment of outstanding promissory notes. The brief says Almonty allegedly failed to repay about €10 million in liabilities by the October 31, 2026 deadline.
Almonty’s countersuit seeks the return of shares from the 2014 sale of the Wolfram Camp Mine in Australia; damages remain largely unquantified. The lawsuits have been consolidated, and Deutsche Rohstoff considers Almonty’s allegations unfounded and largely time-barred.
