CORPORATE ACTIVITY
Canada-based tungsten miner Almonty Industries has moved to take over ATC Alloys, which would provide the company access to one of the largest and most advanced ferrotungsten plants outside China.
Announcing the transaction on Tuesday, the companies said in a joint statement that TSX-V-listed Almonty would make an off-market takeover offer for all the shares of ASX-listed ATC (formerly Hazelwood Resources).
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