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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.


TSX:AII - Post by User

Almonty Industries Inc > News
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Comment by QuarterDollaron Mar 28, 2022 1:21pm
164 Views
Post# 34552560

RE:RE:News

RE:RE:News
  • Obviously something is going on
  • It doesn't make good business sense to start the draw down of the loan only to have the construction rollout hampered by supply chain issues or other COVID related issues. If we did that, the grace period would be over before we can make sufficient funds to make the payments.
  • But at the same time, I am not going to make excuses either.
  • The start up of production was the end of the year but now is end of the year to 1st quarter 2023. That would imply up to a 3 month delay.
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