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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Almonty Industries Inc. is engaged in the mining, processing and shipping of tungsten concentrate from its Los Santos tungsten mine located near Salamanca, Spain, the processing and shipping of tungsten concentrate from its Panasqueira tin and tungsten mine in Covilha, Castelo Branco, Portugal, the evaluation of its Valtreixal tin and tungsten mine project located in Western Spain, as well as the evaluation and expected re-opening of its Sangdong tungsten mine project located in South Korea.


TSX:AII - Post by User

Comment by QuarterDollaron Jun 15, 2022 10:25pm
166 Views
Post# 34760171

RE:Thanks for the chat today

RE:Thanks for the chat today
  • I was listening to LB latest presentation at the IIF and at the 19:45 mark, LB says they are going to be producing at maximum capacity i.e. 1.2 M tonnes , right from the start of Almonty Production, so in 1.5 years we should be producing at Max Capacity.
  • Obviously the would require addition work to be done now, including review of the design plan.  Perhaps this has contributed to the delay.
  • If this is the case, I am ok with it as the original plan was to produce 640 M tonnes and then increase capacity over 2 years to 1.2 M tonnes as we will be at max capacity 2 years sooner.
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