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 Nov 12, 2019 10:44am

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Post# 30339715

RE:RE:RE:RE:RE:RE:OeKB And KFW Bank Visit Panasqueira Mine

I and many others have been hoping for the completion of the financing package. At this point Almonty shouldn't be in any hurry. They just need to have it completed by the date funds are needed for plant construction, road/stream diversion and gallery development beginning in early spring. The repayment grace period begins 18 month after financing. It will probably work best if financing isn't final for 3 to 4 months from now. 18 months will pass quickly and it would be a negative to not be able to start paying the p&i as scheduled.

There are 2 other tungsten miners who began production recently that are spending more than they are taking in. Both are being forced to find expensive financing.

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