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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 Aug 11, 2022 10:40am
143 Views
Post# 34888182

RE:Aug 11

RE:Aug 11In the video Lewis said $12.8 mil was to pay for EPC's various design works, and a good chunk going to Metso/Outotec.
The only other player I can think of that needs a significant payment is the underground mine developers.
That 
$4,840,524 drawdown might just be for them ???

From now on the money will be spent when and where it is needed and even though it would be nice to know all this I am not too fussed at all.

Another fun point is at the 0.43 second mark in the video, Lewis lifts his pnone to his ear briefly.
A multitasker on camera in action with no halt in the dialogue with the interview, but still on call. Impressive and a show of dedication to the project.
If that call was important then they would have to do another shoot.
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