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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 rockminer56on Jan 10, 2024 1:09pm
124 Views
Post# 35819724

RE:EQR Intrerview

RE:EQR IntrerviewAlmonty did dump the Wolfram Camp but it was not an inexpensive dumpl.  They had bought it from Deutsche Rohstoff for $16,000,000. can. back in 2014 when LB was buying anything that had tungsten in its veins.  Almonty issued Deutsche 12.21  million shares at .80 cents.  This was when the whole thing got going.
.  That is also why they have such a big share in Company, with Schwarzkopf Family also involved.
DRAG also put in another $5.68 mil  in Sept 2015 at .80 cents a share.
I think we can all admire their patience , which is going on 10 years, like a few of us.
As a note of interest they also had an offer to buy Ormonde Mining at can$ 34.300,000 and fortunately they did not complete that offer and withdrew.
Some good history here, and it will be interesting when DRAG and Schwarzkopf Family who are largest shareholders start to sell their shares.

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