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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 5ilverlining808on Jul 03, 2022 9:24am
212 Views
Post# 34797909

RE:RE:RE:Loan

RE:RE:RE:LoanExcerpt from QuarterDollar :-

"
As for the Valtreixal and Moly mine, they both will require some money to build out but they both will be leveraging existing infrastructure and won't cost anywhere as much to bring into production."

I would not be surprised if the Val Project will be put on the back burner for the moment, (but not forgotten or dead, just a "go slow") so Almonty can pursue a higher goal in the USA market, and preferably a mine on USA soil.

Canada is second choice, but it does depend primarily on grade of ore, mine life, access to ore body and a hell of a lot more.

The advantage of a USA based mine is the Govt. support with lerks & perks that Almonty now has with the South Korean Govt.

Military interest now seems to be a key driver for a US mine.

Excerpt from the following :-


"She said, 'John ... when you're backed by the Japanese government and the White House … I don't think we'll have any problems there.' "

Posted 14 June 2022 :-

https://www.abc.net.au/news/2022-06-14/pentagon-strikes-deal-with-australian-rare-earths-miner/101149868


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