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Almonty Industries Appoints U.S. National Security and Defense Logistics Leader Alan Estevez to the Board of Directors
Almonty Industries Appoints U.S. National Security and Defense Logistics Leader Alan Estevez to the Board of Directors

Business Wire

time4 days ago

  • Business
  • Business Wire

Almonty Industries Appoints U.S. National Security and Defense Logistics Leader Alan Estevez to the Board of Directors

TORONTO--(BUSINESS WIRE)-- Almonty Industries Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI) ('Almonty' or the 'Company'), a leading global producer of tungsten concentrate, is pleased to announce the appointment of Alan Estevez to its Board of Directors, effective May 30, 2025. Mr. Estevez is a nationally recognized authority in national security, defense logistics, and strategic trade. From 2022 to 2025, he served as Under Secretary of Commerce for Industry and Security, where he led U.S. efforts to curb adversarial military advancements by restricting access to sensitive technologies, particularly in China and Russia. Previously, he held senior roles within the U.S. Department of Defense, including Principal Deputy Under Secretary for Acquisition, Technology & Logistics, where he oversaw defense acquisition and supply chain operations. Mr. Estevez also advised Fortune 500 companies on logistics transformation during his tenure at Deloitte Consulting. He has received numerous honours for his public service, including three Department of Defense Distinguished Public Service Medals, the Presidential Rank Distinguished Executive Award, and the Service to America Medal. Lewis Black, Chief Executive Officer of Almonty Industries, commented: 'We are pleased to welcome Alan to the Board at a pivotal moment for Almonty. His deep expertise in national security strategy, defense logistics, and export controls—gained through decades of public service and leadership within the U.S. government—brings significant strategic value. Alan's firsthand experience in acquisition, contracting, and supply chain operations will be especially relevant as we advance our position as a key allied supplier of tungsten. His appointment aligns with our recently signed offtake agreement with a U.S. defense contractor to supply tungsten oxide exclusively for American defense applications. We look forward to benefiting from his insights as we continue building long-term, sustainable value for our shareholders.' About Almonty Almonty Industries Inc. is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The company is currently mining, processing and shipping tungsten concentrate from its Panasqueira mine in Portugal. It's Sangdong tungsten mine in Gangwon Province, South Korea, is currently under construction. The Sangdong mine was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China, and has significant upside potential from an underlying molybdenum deposit. Additional development projects underway include the Valtreixal tin/tungsten project in northwestern Spain and Los Santos Mine in western Spain. Further information about Almonty's activities may be found at and under Almonty's profile at Legal Notice The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law, and therefore, persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information Certain information in this press release constitutes forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology. Forward-looking information or statements in this press release include matters relating to the quantity of tungsten oxide to be purchased under the Offtake Agreement and the price at which such purchases will be made, the applications in which the purchased tungsten oxide will be used, the processing of the tungsten oxide, the time at which deliveries are expected to commence, the term of the Offtake Agreement and the anticipated benefits of the Offtake Agreement for Almonty. These statements and information are based on management's beliefs, estimates and opinions on the date that statements are made and reflect Almonty's current expectations. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate ("APT") from which the sale price of Almonty's tungsten concentrate is derived, the risk that the Offtake Agreement may be terminated in accordance with its terms before the end of its initial term, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty's operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty's business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty's shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development, production and operations at Almonty's tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty's mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty's mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, and challenges related to global financial conditions. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of APT, the continuing ability to fund or obtain funding for outstanding commitments, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Forward-looking statements are made as of the date of this press release. Except as required by applicable securities laws, Almonty does not undertake any obligation to publicly update any forward-looking statements.

Sen. Jason Estevez talks about his campaign for governor
Sen. Jason Estevez talks about his campaign for governor

Yahoo

time29-05-2025

  • Business
  • Yahoo

Sen. Jason Estevez talks about his campaign for governor

The Brief State Sen. Jason Estevez has launched his campaign for Georgia governor and received early endorsements from Atlanta City Council members, state lawmakers, and education leaders. Estevez emphasized his experience as an educator, school board member, small business owner, and legislator as key qualifications for addressing the state's challenges. The Democratic primary is expected to grow more competitive, with former Mayor Keisha Lance Bottoms already in the race and potential bids from Michael Thurmond and Stacey Abrams. ATLANTA - Georgia's midterm elections may still be months away, but the race for governor is already heating up. What we know Sen. Jason Estevez, the first Democrat to officially launch a campaign for the office, has received a wave of early endorsements from a diverse group of state and local leaders. PREVIOUS: Sen. Jason Esteves announces campaign for governor of Georgia Atlanta City Council members, state lawmakers, members of the Atlanta Public School Board, and a DeKalb County commissioner released a joint statement backing Estevez's bid for governor. What they're saying Councilman Doug Shipman voiced his support publicly on X, formerly Twitter, writing, "I'm excited to endorse Jason Estevez for governor. I've worked with him for many years and know his dedication and commitment to a better Georgia." "I think those leaders who came out and endorsed me yesterday are folks who are on the ground, have been doing the work in our communities for many years and understand that Georgia needs a governor that not only is going to speak to the issues that need to be solved, but has been doing the work his whole life trying to tackle those issues, and that's who I am," Estevez said. He cited his background as an educator, school board member, small business owner, and state senator as qualifications that give him the experience needed to lead the state. "I'm running for governor because I believe that Georgia deserves better, that we have a state that's made progress but is leaving way too many folks behind," Estevez said. What's next Georgia's Democratic primary could become increasingly competitive. Former Atlanta Mayor Keisha Lance Bottoms announced her candidacy last week, and both DeKalb County CEO Michael Thurmond and former Democratic nominee Stacey Abrams are reportedly considering a run. RELATED STORIES Keisha Lance Bottoms announces run for governor, vows to unite Georgia Keisha Lance Bottoms explains why she is best choice for governor Sen. Jason Esteves announces campaign for governor of Georgia Rep. Lucy McBath pausing potential run for Georgia governor in 2026 Estevez remains confident. "The key is making sure that we stay focused on the issues that matter to most Georgians," he said.

Miami Springs baseball wins state title, breaks school's 37-year title drought
Miami Springs baseball wins state title, breaks school's 37-year title drought

Miami Herald

time21-05-2025

  • Sport
  • Miami Herald

Miami Springs baseball wins state title, breaks school's 37-year title drought

Even though there were plenty of fans in the stands making a lot of noise, Magdiel Estevez heard none of it. He knelt down behind the pitchers mound, dropped his head, closed his eyes and shut off the rest of the world. The Miami Springs senior pitcher was about to pitch what he hoped was the last inning of his high school career and the most important one. He needed a moment. With the pressure of an entire team, school, alumni and community on his shoulders and the Golden Hawks nursing a one-run lead and three outs away from making history, all he did was deliver in a remarkably clutch way. Estevez not only retired the side in order but struck out all three batters he faced, sending his Hawks teammates running to the middle of the field for the traditional dog pile celebration. Miami Springs edged Santa Rosa Beach South Walton 2-1 in the Class 3A state championship game at Hammond Stadium. South Walton, which also was a state runner-up a year ago, losing in the final to Fort Lauderdale Cardinal Gibbons, brought a 31-3 record and a No. 1 Class 3A state ranking into the game. But just 24 hours after upsetting hometown favorite Fort Myers Bishop Verot in the semifinal, Springs once again relished the underdog role and delivered. And with it came the school's first state championship in any sport since 1988 when the Hawks' girls' soccer team defeated Melbourne in February, 1988. It also was only the second state title for any program in the last 55 years dating all the way back to boys swimming in 1970. Springs also became only the third Miami-Dade County public school team to win a state title over the last 22 years, joining South Dade and American who both won it in 2014. 'I don't really like to pray for hits, strikeouts or wins,' said Estevez, a Miami-Dade College signee who was nothing short of brilliant, allowing just two hits over his seven innings of work while striking out six including those final three. 'My prayer to the Lord was mainly, 'put your hands over me and I need you to guide me at this moment.' I know that, win or lose no matter the outcome that people would love me regardless. That really helped me find peace at that moment. Such a big blessing to be here and be a part of something so special today. I thank God that he allowed me to perform the way I did today and that I was blessed with such great teammates.' He's right about those great teammates. As great as Estevez was, he was the first to make sure his infielders got recognized. And for good reason. The Hawks' infield of third baseman Jordany Gonzalez, shortstop Roydan Perez and second baseman Yordan Torres have been nothing short of brilliant all season long. And on a day that they needed to be at their best, they delivered, especially Gonzalez who had a stretch in the fourth and fifth inning that might have reminded some of Orioles third baseman Brooks Robinson in the 1970 World Series. Over a six-batter span, Gonzalez made four incredible defensive plays, two of them diving to his left to throw South Walton runners out and prevent the Seahawks from mounting any kind of a rally. 'Everytime Mags (Estevez) has gone out on the mound this season, he would leave everything on the field for us,' Gonzalez said. 'So today it was my turn and our entire infield's turn to leave everything on the field for him. It all starts in practice. You work day-after-day-after-day taking ground ball after ground ball and it prepares you for moments like today. So it was just a matter of all of us doing our job out there and protecting our pitcher.' Springs coach David Fanshawe, completing his ninth season since taking over the program in 2016, could not have praised his pitcher more. 'Magdiel, the way he pitched today was basically the way he has pitched for us all year,' Fanshawe said. 'Coming into this game I saw just how calm he was out there. Like all season, he never would get rattled no matter how big the moment was and the moment didn't get any bigger for him than it was out there today. He was truly magnificent at the most important time we needed him to be.' Going up against some impressive South Walton starting pitching, unlike the 12-2 mercy rule win over Bishop Verot on Monday, offense would be tough to come by for the Hawks. The Seahawks threw University of Florida commit Braxton Varnes out there to start the game before Auburn-bound Coleman Barthwick replaced him in the third inning. But Springs designated hitter Taylor Ancheta didn't seem to be impressed with either one. Because somebody who had not hit a home run in over a year, stunned even perhaps himself when the lefty got a Varnes fastball in the second inning and launched it over the right field fence for a solo home run and 1-0 Hawks lead. 'Honestly, the whole thing is still kind of a blur right now,' said Ancheta with a wry smile. 'I got a first pitch fast ball down and in and I just turned on it and got barrel on it. Honestly, I couldn't believe I hit it that far. I knew it was gone when it when it left the bat.' Desperately needing an insurance run, after squandering a golden chance when No. 9 hitter Justin Mercado led off the fourth inning with a triple into the right field corner and wound up not scoring, the Hawks plated that valuable run in the top of the sixth. With runners on first and second and two outs, Torres ripped a shot right at South Walton first baseman Jaie Cunningham who could not handle the sharp grounder as the ball trickled into shallow right field. Perez never slowed down, flying around third and crossing the plate without a throw to make it 2-0. The run proved to be the difference as the Seahawks touched Estevez for their only run in the game in a tense bottom of the sixth. After Hudson Quinn led off the inning with only the team's second hit of the game, he was sacrificed down to second, Estevez walked leadoff hitter Frank Wells. A wild pitch advanced the runners to second and third before Cameron Tipton-Thomas hit a ground ball out to second scoring Quinn from third and advancing Wells to third. With the tying run 90 feet away, Varnes, the team's No. 4 hitter hit a line drive to right but Andres Suarez was right there to cooly make the catch to end the inning. 'Not yet,' said Fanshawe when asked if what his team has just accomplished for the school and the community had sunk in yet. 'I just want my team to enjoy this moment and try and embrace the history. We knocked off two very good teams, we have a lot of people back home in Miami Springs waiting for us. School, community, my ex players, my phone is blowing up right now which is so great.'

Telenovela star arrested in Miami after domestic dispute
Telenovela star arrested in Miami after domestic dispute

Yahoo

time16-05-2025

  • Entertainment
  • Yahoo

Telenovela star arrested in Miami after domestic dispute

MIAMI, Fla. (WFLA) — A Cuban actor and telenovela star, Pedro Moreno, 44, was arrested Wednesday following a dispute with his wife, the Miami-Dade Police Department reported. The couple has been married for 17 years but are in the midst of a divorce. According to NBC affiliate WTVJ, the dispute began when Moreno's wife, Barbara Estevez, permitted the actor to use her cellphone, and he started 'snooping' through it. Investigators said that after refusing to return the cellphone to her, the struggle over the device escalated, in which Moreno 'forcibly' removed it from Estevez's hands. Moreno's wife then asked their daughter to call the police, prompting the actor to return her cellphone. On arrival, police arrested Moreno and charged him with strong-arm robbery, but after a court appearance on Thursday, a judge found no probable cause and the charge was reduced to battery. Estevez also appeared in court Thursday and spoke in favor of her husband, requesting the case against him be dismissed. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Miami actor and wife were fighting over her cellphone, cops say. Things escalated
Miami actor and wife were fighting over her cellphone, cops say. Things escalated

Miami Herald

time16-05-2025

  • Entertainment
  • Miami Herald

Miami actor and wife were fighting over her cellphone, cops say. Things escalated

Telenovela star Pedro Moreno walked out of Miami's Turner Guilford Knight Correctional Center on $1,000 bond early Friday morning after his arrest over an alleged domestic dispute. According to the police report, cops responded to the West Kendall home Moreno shares with his wife Barbara Estevez at around 11:20 p.m. Wednesday. They were having a disagreement about 'possible infidelities' that escalated into a 'struggle' when Moreno began 'snooping' through her phone, said the complaint. The Cuban actor, 44, was taken into custody on a strong-arm robbery charge, a second-degree felony. No injuries were reported. At a Thursday hearing, a judge modified the initial charge to a misdemeanor battery charge. A modified stay-away order was also issued so that Moreno can attend his children's activities. Estevez appeared via Zoom asking the judge to dismiss the case. 'I just wanted to let everyone know this is a one-time thing,' she said. 'He's been a great husband, a great dad, and it got a little out of hand.' The 'Mira Que Baila' alum — whose latest movie 'July 7: Who Killed The President of Haiti?' just dropped — spoke to reporters outside the jailhouse after posting bond. 'Read the affidavit. Don't add a word, don't leave out a word,' said the 'Sacrificio de Mujer' star. 'The situation between my wife and me, and our conversations, show that we are a real couple. Like many couples, we have arguments, happy times and moments of crisis.' As per Miami-Dade County court records, the pair, who have been married 17 years, are currently going through a divorce. The dissolution of marriage, with Moreno as the petitioner, was filed April 17. They have three children and share custody of the two who are minors. 'She made decisions that had consequences,' continued Moreno of Estevez. 'Now I'm making decisions that will also have consequences for the future of our relationship. What happens from now on will be up to the two of us, with the affection we still have for each other and for the good of our kids.' Miami Herald reporters Milena Malaver and Devoun Cetoute contributed to this report.

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