Almonty Industries Inc T.AII

ALMONTY INDUSTRIES - EARNINGS GROW ALMOST 3-FOLD

[TechOne]

ALMONTY INDUSTRIES - EARNINGS GROW ALMOST 3-FOLD

Almonty Industries is a specialist in tungsten. The raw material is not only essential for light bulbs but also for cell phones, microchips, cars and the defense industry. The emerging applications in the field of rechargeable batteries, in particular, offer significant growth potential. Only the Panasqueira mine is currently in production. There was a boost in earnings here in the last quarter. Income from mining operations in the first two quarters amounted to CAD 320,000 and CAD 241,000, respectively. In the last quarter, the figure was CAD 943,000 and thus almost tripled. This resulted in a positive EBITDA of CAD 1.74 million in the first nine months. But this is just the beginning. The Company also owns one of the largest tungsten deposits outside China, the Sangdong Mine.

This deposit has the potential to make the Western states somewhat less dependent on China. The restructuring and diversification of supply chains for critical raw materials is in full swing. Once the mine in South Korea has reached its full production capacity, Almonty aims to provide around 15% of global supply. There is already a 15-year offtake agreement with Plansee/GTP, which pays a minimum price of USD 235, guaranteeing Almonty USD 580 million in revenue. If the market price exceeds USD 235, as it does today at over USD 300, that price is paid. The mine has a lifespan of more than 90 years, and an annual EBITDA of CAD 72 million is expected. The 12-month start-up phase is scheduled to begin in Q1 2025.

In addition to these two projects, which are being actively worked on, there are plans to reactivate the Los Santos mine in Spain using the flotation technology of the Sangdong mine. This would require the Company to invest around USD 1.3 million. The focus is currently on the development of Sangdong, but this plan should be implemented as soon as sufficient funds are available. Anyone wanting first-hand information should make a note of December 5. On this day, CEO Lewis Black will present Almonty at the 9th International Investment Forum. The share is currently trading at CAD 0.50, giving the Company a market capitalization of just CAD 114 million. Once the Sangdong Mine is operational, these valuations will likely change significantly.

Almonty Industries will pre

[TwelveBagger]

This is the most informative article I've read on revenues, expected revenues since I've invested in the project back in the Woulfe days. The only problem I'm having is how it is now saying the ramp up period is slated to begin Q1 2025. Does this mean it will operate still in 2024 but they will really ramp it up in 2025? I can't recall the game plan and timeline the last time it

[5ilverlining808]

My understanding was that Plansee/GTP was getting 45%ish of the production rate for APT. Now we have a proposed downstream Tungsten tri-oxide plant that already has a site allocated down the road in an industrial area. I think this is for the SK customers and also backed by the SK Govt. Was it $50 mil to build ? Any how, the bulk Tungsten needed for this process is far less than what GTP needs. So

[TwelveBagger]

Thank you! So we are still looking at a mid 2024 startup then?

[5ilverlining808]

In the last IIF I think Lewis said "we are on track", and if the last presentation construction time line chart displays that start time, then, I would say yes to that if we have no unexpected mishaps. I hope the goal posts are now cemented into the ground so they can no longer be moved. But then again.... s**t happens. Winter start is now upon the site, but no probs at all for

[whoisyourpapa]

This sentence from the latest NR is also a clue that everything is on schedule: "As planned and on time, Almonty will now received its sixth drawdown on its US$75.1 million loan facility with KfW, bringing the total amount of drawdowns to date to US$53.9 million," said Lewis Black, President and CEO of Almonty. I doubt he would use those words if we were way off schedlule. . 

[5ilverlining808]

Another positive point to add on that one whois : At the very begining of the 8.IIF Lewis said : " ultimately if the bank (KFW) continues to do the drawdowns then their independant engineer Hatch is happy". I have worked with Hatch in the past as a sub-contractor for the Australian Hunter Valley coal mines and process plants safety audit team. They are extemely thorough and list all