Almonty Industries Inc T.AII

For New Followers of Almonty

[blueskies]

Almonty Industries (Aii.to) - Big news out of China about restricting rare earth metals, could be huge for Almonty, already up 33% today as of typing!
 
Almonty Industries
- The Sangdong mine is considered the world’s best tungsten mine in terms of grade and size, and jurisdiction and in terms of access there’s nothing even close to it.

- South Korea Tungsten Miner.

- US$75 million project financing for Sangdong from Germany state-owned KfW-IPEX Bank GmbH.

- 15 years off-take agreement locks in a of 750,000,000 CAD revenue.

- Lewis Black, President and CEO is the largest shareholder at 19.5%.

This article explains Almonty:
https://www.northernminer.com/news/european-tungsten-producer-almonty-advances-korean-sangdong-project/1003827695/

Company Website:
https://almonty.com/investors/

Update from China:
https://arstechnica.com/tech-policy/2021/02/china-targets-rare-earth-export-curbs-to-hobble-us-defense-industry/?comments=1

[GaiusGermanicus]

  Vaguely nuts reaction to news that's been a long time coming.  I shed 10%, all acquired recently, on the pop.  Either it keeps going up . . . good for me . . . Or it comes back down and I get it back.  Either way, I'm good, but . . . One day 33% pops are uncommon.