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 > Another $50M Loan to Expedite Build

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Comment by QuarterDollaron Feb 24, 2022 10:16am

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Post# 34457784

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

Totally agree on the LOI...... it just a LOI to begin business negotiations.
At the 21:00 of the IIF video, LB says "KfW is a development bank (not a commercial bank) and will support Almonty in their endevours as Almonty grows".
The hardest part is getting the first loan. After that it should be easier.
The K Govt and Industry has to put in writing something to state they will be purchasing the 55%, otherwise I don't see KfW providing the additional loan.
The K Govt and Industry are pushing Almonty to get to max capacity sooner. If they really want it, then they have to step up. Otherwise Almonty can continue with their original rollout plan where Almonty finances the expansion with their profits.
I personally think KfW will provide the loan if all the ducks are lined up.
Plansee will also support it because if Almonty can grow faster, then Almonty can purchase other mines where Plansee has the option of offering those products to their customers.