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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 Feb 24, 2024 6:27pm
231 Views
Post# 35897470

Presentation - Fall Off Your Chair Strategic Buyer

Presentation - Fall Off Your Chair Strategic BuyerLewis spoke a few times during the most recent presentation about discussions Almonty is having with a certain group and with a strategic buyer. I especially enjoyed his fall off your chair comment. Got me thinking a bit about what groups or strategic buyers would be interested in Tungsten and or Molybdenum and would make me fall off my chair. 

IMC is clearly a potentially interested party based on history and the newly announced $100 million tungsten powder plant in Korea.

Another Berkshire Hathaway company with potential interest cuold Precision Castparts (PCC), Molybdenum is a raw material singled out in the 2023 Berkshire Hathaway annual report under the PCC section.

So yes, for me, a partnership with IMC makes sense for a number of reasons, potentially Precision Castparts too, but a direct relationship with Berkshire Hathaway would make me fall of my chair:)

The other chair faller offer for me, would be SpaceX and or Tesla. Any connection with Elon Musk would bring a lot of attention to Almonty and it's outstanding Korean tungsten project.

Any thoughts from the group on other fall off your chair strategic buyers of Almonty's Tungsten, Moly (or Almonty itself)?

9:46 on YouTube: "what we're seeing in the conversations we're having with a certain group regarding the entire company, but also about the Molly"

13:30 on YouTube: "We are now in conversation with a strategic buyer which you'll fall of your chair when you find out who it is"
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