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 11, 2019 8:52am

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Post# 29345902

RE:RE:I am feeling more optimistic about the company's future.

I wouldn't be surprised if GTP didn't end up financing most of the Sangdong Development.
We should know more by the end of the week when the next quarterly filing is supposed to be released (45 days after the quarter ends). If it is late again, the TSX will halt trading like they did when the year end filing was late.
The completion of the financing package is over due again(on October 4th, within 12 weeks).
Almonty looks to be attempting to streamline things by stopping all operations that aren't profitable.

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