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.

TSX:AII - Post by User

Almonty Industries Inc > ALMONTY INDUSTRIES - EARNINGS GROW ALMOST 3-FOLD

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Comment by 5ilverlining808on Nov 30, 2023 9:10am

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Post# 35760591

RE:RE:ALMONTY INDUSTRIES - EARNINGS GROW ALMOST 3-FOLD

TwelveBagger wrote: This is the most informative article I've read on revenues, expected revenues since I've invested in the project back in the Woulfe days.

The only problem I'm having is how it is now saying the ramp up period is slated to begin Q1 2025. Does this mean it will operate still in 2024 but they will really ramp it up in 2025? I can't recall the game plan and timeline the last time it was updated if anyone can help me out with understanding that again

My understanding was that Plansee/GTP was getting 45%ish of the production rate for APT.
Now we have a proposed downstream Tungsten tri-oxide plant that already has a site allocated down the road in an industrial area.
I think this is for the SK customers and also backed by the SK Govt.
Was it $50 mil to build ?
Any how, the bulk Tungsten needed for this process is far less than what GTP needs.
So maybe 45-50% left to sell.
Ranp up might depend on GTP needing more ATP, or Almonty finding another buyer with a similar deal in mind for the other 45-50% of APT.
I am sure they are talking with prospective clients now.

Ramp up is not an issue just yet, but the fact that the process plant can, and is able to double production rates is a plus when needed.

I am sure they will do a short ramp up test just to see if the plant can do it, then revert back to a less harsh process plan until deals are made.

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