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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 Apr 07, 2021 11:21am
283 Views
Post# 32949203

RE:New Hallgarten Report

RE:New Hallgarten Report That's a great article by a passionate p*ssed offreporter.

Excerpts :-


"Tungsten –
Last to the Party While the prices of Antimony and Tin have been the best performing metals over the last four months,
Tungsten has only started the long ascent from the shallows & miseries in which it has long been becalmed.
While drilling in oil & gas and mining have been off for a number of years now there was no real reason for the metal (the main usage of which is in machine tools) to have been so beaten up, unless one subscribes to nefarious reasons to the Chinese.

Never let it be said that they would suppress the price of a commodity that they wish to maintain dominance in. Sorry, Peking, that boat has sailed.

The rising tide of new producers (mainly in Iberia) and, in particular, Almonty’s Sangdong mine in South Korea risk toppling Chinese dominance in this metal that they had hoped to use to clobber the West German machine tool industry with.

The metal’s potential sources are quite geographically diversified with Tungsten (or Wolfram) resources located in China, Canada, Russia and the United States, at least in the official versions. And yet the largest sources of production outside China are Spain/Portugal, Australia and, shortly, South Korea."

"So Almonty (TSX:AII) remains our favoured play and stands as leader of the non-Chinese pack with two mines in Europe and the one in South Korea advancing rapidly. Out of the corner of our eye we also watch EQ Resources (ASX:EQR) in Queensland with its Mt Carbine mine, JVed with the German Chronimet group."




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