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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 lonadeon Feb 24, 2022 12:44am
146 Views
Post# 34456571

RE:RE:RE:RE:RE:RE:RE:Another $50M Loan to Expedite Build

RE:RE:RE:RE:RE:RE:RE:Another $50M Loan to Expedite Buildi would just be careful in making the conclusion that the LOI was signed for the 50 mio.

the LOI signing and the 50 mio loan are listed as different points and at the 50 mio there is no KfW mentioned.

not saying it's wrong, i would just not make a final conclusion on that yet.

the LOI could just be related to a general financing agreement related to an expansion of the production, without any figures placed into the document.

it would actually be great to have a korean governmental bank finance that part and not KfW (with similar great conditions of course) it would have a great symbolic effect  and create even more enthusiasm in korea.

a korean project financed by korea for korea!
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