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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 > 10 IIF Notes
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Comment by QuarterDollaron Feb 21, 2024 12:35pm
107 Views
Post# 35891170

RE:10 IIF Notes

RE:10 IIF Notes@Whois....pretty good summary!

To comment further.....
  • China is building a tungsten recycling plant in SK..... (Why???  China Gov't is not going to subsidize Chinese Tungsten companies anymore, so the price will be set by the market.  If China had enough tungsten which I still believe they do, then why go into recycling in another country?  I am wondering if China anticipates a supply disruption in the near future.   With this news, I believe Almonty is out of the recycling game.

  • LB also stated that Almonty will be signing a contract with a big player which will be announced in the near future.  Well, LB dropped enough information to connect the dots without saying who it was.  If IMC is investing $100M in a tungsten powder plant in SK, where are they getting the tungsten from????? (Don't have to be a rocket scientist here).
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