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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 1dollarinto2on Nov 14, 2023 8:18pm
232 Views
Post# 35735837

Financials and Drawdowns

Financials and DrawdownsWent through the financials, everything looks to me as it should, doing okay at their producing mine, Tungsten prices are pretty good, business as usual.

Good to see they requested a 6th drawdown, after September 30th, $13.685 million, bringing the total to about $55.785 million of the $75.1 million, or about 74% of the total funds. As Lewis said in his last presentation, as long as we are drawing down money Sangdong is progressing as it should.

For me, on the construction front, a picture would be worth 1,000 words right now, maybe a few more. 
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