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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

Post by 5ilverlining808on Oct 15, 2022 11:05am
317 Views
Post# 35026649

Lithium Reserves.

Lithium Reserves.
One day Lithium will die for batteries.

 

Chile has 9.2 million tons of lithium in total. As a result, it is first in the list of lithium reserves by country by some distance. However, there are some other countries that have significant reserves of lithium, as well. Australia has the second-largest lithium reserves in the world with 5.7 million tons.
 
In this graph you can see the diff between production and reserves.
 https://www.volkswagenag.com/en/news/stories/2020/03/lithium-mining-what-you-should-know-about-the-contentious-issue.html

  Because lithium is not an infinite resource. In fact, according to Kipping, once EVs dominate the car market, there's about 70 years' worth of lithium until the identifiedlobal reserves are themselves depleted. 15 Aug 2022.


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