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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 whoisyourpapaon Jun 27, 2023 12:15pm
162 Views
Post# 35516487

RE:RE:RE:AGM Monday?

RE:RE:RE:AGM Monday?The 48-month chart of Almonty shares reflects the lengthy and costly mine build-up in South Korea. Over the last 4 years, the share price has fluctuated between CAD 0.50 and CAD 1.40 in a volatile commodity market. Currently, the share can be bought again for around CAD 0.60. A market capitalization of just under CAD 134.5 million is very low in the advanced stage of mine development and currently offers investors a good basis to be part of the market entry for tungsten products in 2024. With high strategic value, Almonty's geographic location is firstly in Europe and secondly in South Korea, one of the most advanced Asian countries with resident battery producers Samsung and Toshiba. Knowledge of new sources of supply alone could force larger, Western producers into strategic decisions very quickly. Almonty Industries should already be on the radar of larger investors due to its low valuation.
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