Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

Almonty Industries Inc. is a Canada-based company, which is engaged in the mining, processing and shipping of tungsten concentrate, as well as the exploration and evaluation of its projects. The Company operates through four segments: Los Santos Mine, Panasquiera Mine, Valtreixal Project, and Woulfe. The Los Santos Mine is located in Spain whose operations relate to the exploration and mining of Tungsten. The Panasqueira Mine is located in Covilha Castelo Branco, Portugal, whose operations relate to the exploration and mining of tungsten, as well as the production of copper and tin concentrate by-products. The Valtreixal Project is located in Spain whose operations relate to the exploration and evaluation activities of the Valtreixal tin/tungsten project. Woulfe’s properties are located in Gangwon Province, Republic of Korea. The Woulfe's operations relate primarily to the exploration, evaluation and development of the Sangdong Project.

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Almonty Industries Inc

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Comment by chrisp6712on Feb 16, 2018 2:13pm

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Post# 27573994

RE:Rising seas take all ships/ Bull Tungsten market!

They are paying a hefty price for the loan. I'm not a big fan of PIK Deals. They keep increasing the loan balance without providing more funds. The 12.6% average interest on the loan is steep. A 3% loan fee is pricey as is the 5% Equity Warrants. I guess the company was a little desparate for cash. Even if the mine begins producing more as a result of the funds, most of the 'profits' will be going to BlackRock.

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