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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 GaiusGermanicuson Feb 17, 2021 6:22am
183 Views
Post# 32582134

RE:Almonty

RE:Almonty

 

The Chinese move is not a surprise.  It was actually supposed to happen last year, but what with COVID, the Chinese central committee decided to wait a year. I suspect that many "more popular" stocks are up because the move caught retail investors by surprise, but Almonty is tightly held, with limited publicity.  Not much room there for a pop on emotion.

People in the rare earths area have been aware of this vulnerability for years, knowing that it was only a matter of time.



 

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