Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Copper

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.

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Almonty Industries Inc > Almonty advances Sangdong tungsten mine in South Korea

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Comment by QuarterDollaron Aug 04, 2023 1:41pm

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Post# 35573750

RE:RE:Almonty advances Sangdong tungsten mine in South Korea

@5ilver

To your first point, LB has stated over a year ago all of the funds are there to complete construction. We will see if he has to go back to the trough for more. Going back further in time, LB stated that he will avoiding dilution because the faithful shareholders had been through enough.

Multiple parties fund one company ? yes, but it gets complicated. Those who lend money want to be the first ones to get their money out, should something go wrong.

When Almonty received approval for the KFW loan, LB threw out the 2 Phase plan. And when the SK Gov't and business approached Almonty regarding the DownStream Plant, (I think) at this time LB reverted back to the 2 Phase plan without telling shareholders. Shareholders had to glean that information from the IP and try to read between the lines when LB made public statements.