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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 rockminer56on Apr 03, 2024 11:16am
155 Views
Post# 35967722

RE:Tungsten

RE:TungstenTungsten price (MTU) increased by $2.00 yesterday, which is the 5th small increase in the last few months.The total of all increases would probably amount to 3-4 %, and while this is small, it bnecomes significant when you are dealing with hundreds of tons of the material.  This would collaberate what Lewis was stating in his last IIF speech that they expected the price for tungsten to increase this year.

In the same vein, the price of moly also increased slightly last month.   All to the good


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