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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.


TSX:AII - Post by User

Bullboard Posts
Comment by sage4huson Aug 13, 2020 12:23am
153 Views
Post# 31401615

RE:RE:Management can’t seem to deliver

RE:RE:Management can’t seem to deliver Gaius, you guessed right but I'm not sure if these are causing the delay of financing though.

There were two noises I read on Korean News in July I didn't want to forwarded to this board as we were "super" close to the financing  : (

7-7-2020:  A couple of accountants and consultants claimed they were not paid for their services and they joined the local activist against opening the Sangdong mine.
The activist commitee also complained Almonty Korea's managements and had protests.
Almoty Korea said they would pay in 3 weeks. Hopefully the problem got resolved.

https://www.kwnews.co.kr/nview.asp?s=501&aid=220070600014

7
-27-2020   The Korea Federation of Trade Unions National Construction Industry Union held a press conference at the Yeongwol-gun Office on the 23rd and warned of environmental pollution such as waste neglect, and urged Almonty Daehan Jungseok to stop the mine redevelopment project.

https://www.kwnews.co.kr/nview.asp?s=501&aid=220072600108

Bullboard Posts

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