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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

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.


TSX:AII - Post by User

Comment by 5ilverlining808on Feb 07, 2021 8:26am
217 Views
Post# 32495092

RE:Australian listing & Korea focus

RE:Australian listing & Korea focus
GStringFlosser wrote: "The expectation is to be fully on the ASX trading first half of April 2021"...

Isn't it a good idea to combine that listing with the last bit of financing needed?



ASX will not wait for Almonty $10mil final financing to list the company, and finacing will not wait for the ASX listing either.
They are two separate entities that can not synchronize as you would wish.

We all know how hard and lengthy the finance process is, and the listing process time line is just as lengthy as well.

A bit like wanting to see a Solar and Lunar Eclipse at the same time.
Impossible for this planet.
Oh, and by the way, your handle stinks, and I pity your Dentist. lol

Deschenes wrote :


"How about this for an ubstantiated wild theory-------the South Korean Govt will take up the last part of financing.  Makes a lot of sense on paper..."

Maybe, but probably not (just yet).
The Australian Govt. did exactly that for the KIS Dolphin project, but that is a different story.

The South Korean and Local Govts. have already thrown sooooo much into this project to date at no cost to Almonty, so asking too much too soon is not wise until the build out begins, start of production and a push to list in Korea is started.

Yes, Korea wants this project to work and, yes they want most or some of the rest of the product of Tunngsten that GTP has left for the pickings, plus a good chunk of Moly to boot.
The Moly might just be the holding off point for further Korean interest until more drilling tests are done to fully map the deposit. 

We now have James Kim (new director) and John Yi (new President of Almonty Korea Tungsten) on the team as of Feb 1st 2021.
These two gents will be one of the main instigators to help the start of Almonty listing in Korea and exposure to Australasian markets.

In this excerpt please read every word in context to understand the ideals that Almonty has, and you might pick up Korean needs for Tungsten and Moly.
Growth strategy is paramount when all is sorted with Sangdong.

Jan 13 2021 NR :


Almonty’s Chairman, President and CEO Lewis Black commented:

Lewis Black - President & CEO, Almonty Industries Inc.“The appointments of Jim and John represent only the first of many steps of the corporate and Board restructuring of the Company as we transition to center around two of the world’s most significant deposits in both Tungsten and Molybdenum.

 

Given Korea is the world’s largest consumer of Tungsten per capita, and the third largest consumer of Molybdenum,, Korea will ultimately become the primary base of the Company and increasing our market presence in Asia and Australia will now become a central strategy for the incoming team.

 

As stated in the last release, the Company will return to its growth strategy now that the KfW-IPEX loan has been executed. We will reposition our corporate team into Korea and raise our Australasian market profile.


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