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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Metals & Mining Copper
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

Almonty Industries Inc > Case for Mine Expansion
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Comment by QuarterDollaron Mar 02, 2022 4:17pm
167 Views
Post# 34476597

RE:RE:Case for Mine Expansion

RE:RE:Case for Mine Expansion
  • According to the Downstream Opportunity that LB presented recently at the IIF requested 3000t of WO3 per annum, for battery production and tungsten hexafloride for chip manufacturing.
  • LB also stated that the S.Korean Gov't and Samsumg, etc were investing $420B US to increase the production of semiconductors over the next 8 years i.e. 2030.


  • So this is the question I ment to bring up in my original post....
  • When Almonty increases their production to maximum capacity, it will more than meet the 3000t per year, that was initially requested.
  • Also, it was in Almonty's original rollout plan to go to maximum capacity before 2030.
  • Then why is there a rush to go to maximum capacity as soon as possible, with the issuance of a LOI to KfW for an additional $70M in funding?  It would also imply the inital ask of 3000t p.a. wouldn't be sufficient output for the semiconductor expansion by 2030.  
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