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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 blueskieson May 13, 2022 7:14pm
173 Views
Post# 34683255

RE:Los Santos

RE:Los SantosLooks like from today's financials the processing of tailings at Los Santos and any related revenue has been delayed until 2023, allowing time for a $1 million capital upgrade before processing restarts. 5ilverlining808, I think that completes our discussion on Los Santos until next year.

Good to see Panasqueira making money for Almonty as their lone mine currently producing.

No hopefully it will turn out Lewis has under promised and will over deliver on the drawdown and Sandong construction, maybe if we are lucky drawdown will take place May 20th and construction can still be completed by Q1 2023. I expect there will be a lot of material for Almonty to start processing if they choose to prior to construction being completed since they are so far ahead on the underground work.

Nice to see a positive news release to finish the week.
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