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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Metals & Mining Industrial Metals & Minerals
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

Almonty Industries Inc > Very Interesting Comments From Another CEO...
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Comment by QuarterDollaron Mar 17, 2023 12:16pm
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Post# 35345229

RE:RE:Very Interesting Comments From Another CEO...

RE:RE:Very Interesting Comments From Another CEO...
  • EQ Resources formed a 50:50 joint venture in 2019 with Cronimet, a global commodities trader and metals recycling group based in Germany, for the refurbishment, commissioning, and ramp up of the tungsten processing plant at Mt Carbine. At no point with the presentation does the EQR CEO mention anthing about that or the terms of the agreement.  That omission is a RED Flag for me.
  • Furthermore, Cronimet has significant experience with Gravity processing and if you recall in one of LB previous IIF presentations, he eluded to Panasquiera being a fine tuned Gravity Plant for processing tungsten, but it took years to get it to that state.  This approach was not optimal for Sangdong, so LB opted for the chemical processing of tungsten. So this is Magenta colored Flag for me.....so not so positive.
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