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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 GaiusGermanicuson Jun 18, 2023 5:43pm
304 Views
Post# 35502668

Large ammo order made

Large ammo order madeA German company recently began tooling to fulfill a huge order for 120mm Tungsten penetrator based ammo (as opposed to the depleted Uranium US and British forces use, hence likely destined for Ukraine or to replace German ammo already sent there).  This is going to eat into the supply a bit as they intend to make a great deal of the stuff, one of the few large uses of tungsten where it can't be recycled later.


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