Almonty Industries (ASX:AII) will remove its CHESS depositary interests (CDIs) from the Australian Securities Exchange on 1 September 2026.
The company received formal ASX approval for removal from the official list, following its decision to delist from the Toronto Stock Exchange, effective 31 July 2026.
Almonty’s CDIs will be suspended and cease trading on the ASX at the close of trade on 28 August 2026.
Following delisting, the company’s shares will continue trading on the Nasdaq under the symbol ‘ALM’ and on the Frankfurt Stock Exchange under ‘ALI1’.
Almonty is seeking to delist from the ASX due to low and declining trading volumes relative to Nasdaq and the TSX.
The company believes the financial, administrative, and compliance obligations associated with maintaining the ASX listing are no longer in the best interests of shareholders.
CDI holders may convert their CDIs into Nasdaq-listed shares on a one-to-one basis or sell them on the ASX prior to close of trading 28 August 2026.
Following delisting, remaining CDI holders will be invited to participate in a voluntary sale facility, through which their CDIs will be sold on Nasdaq. The company will cover brokerage and related costs.
After the voluntary facility closes, a compulsory sale facility will be established for any remaining CDI holders.
The voluntary sale facility opens on 8 September 2026 and closes on 6 November 2026. The compulsory sale facility opens on 9 November 2026 and closes on 9 December 2026.
Write to JC Villarba at Mining.com.au
Images: Almonty Industries
