A Farthers Pride. Nothing new, just a reminder.
History[edit]
The name Almonty Industries derives from the names of the fathers of two of the founders as a tribute to them. "Al" comes from Al D'Amato, father of Daniel D'Amato and Monty from Monty Black, father of Lewis Black. Some Almonty partners had contact with tungsten production and trading from other projects in Thailand. Later, in May 2005, Almonty acquired Panasqueira mine in Portugal on behalf[clarification needed] of Primary Metals Inc,[1] a company formerly listed on the TSX Venture Exchange with the ticker symbol "PMI.V", purchased by Sojitz Corporation in 2008.[2]
The company was formed in 2011 with the acquisition of Los Santos mine. It began trading on the TSX venture exchange on 28 September 2011.[3] In March 2013 the company acquired an option on 51% of the Valtreixal deposit in northern Spain.[4] In 2015 Almonty acquired Woulf Mining Corp. and its Sangdong project.[5] In early 2016 Almonty acquired Panasqueira mine from Sojitz Corporation of Japan.[6] In early 2017 Almonty received final permits for construction of its Sangdong mine and acquired the remainder of the Valtreixal project, thus gaining full ownership.[7]
Timeline[edit]
- 2005 - May: Primary Metals (PMI.V on TSX) acquires Panasqueira
- 2008 - Sojitz acquires Primary Metals
- 2011 - Almonty Industries founded
- 28 September - began trading on TSX
- 2013 - March: Almonty acquires 51% of Valtreixal
- 2015 - acquires Woulf Mining and Sangdong project
- 2016 - acquires Panasqueria from Sojitz, also remaining Valtreixal ownership.