Almonty Industries Inc T.AII

Alternate Symbol(s): ALMTF

Metals & Mining Industrial Metals & Minerals

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 > Warren Buffets Berkshire Hathaway in Tungsten in Korea

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Post by thasison Apr 12, 2024 4:18pm

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Post# 35986612

Warren Buffets Berkshire Hathaway in Tungsten in Korea

For anyone interested and possibly unaware. Almonty is in not good, but great company from my prespective.
Pulled from CEO.CA site.
Here are more specfic details on @BRK Berkshires involvement with Tungsten #tungsten in Korea

IMC Group, owned by Warren Buffett, has made a significant investment in Daegu, South Korea. Here are the details: Investment Amount: The IMC Group will invest KRW 130 billion (approximately $98 million) to build a semiconductor materials manufacturing facility in Daegu. This facility will produce tungsten powder, a critical material used in manufacturing special gas for semiconductors. Location: The manufacturing facility will be located in Gachang-myeon, Dalseong-gun, Daegu. Strategic Importance: Tungsten powder is considered a strategic material globally, and many countries, including Korea, maintain stockpiles of it as a vital resource. Previous Investments: This marks the third investment by IMC Group in Daegu. Their earlier investments were in Taegutec in 2008 and IMC Endmill in 2018. Impact: By attracting this investment, Daegu aims to secure a base for manufacturing a key material for semiconductors, contributing to the development of the local semiconductor industry. Berkshire Hathaway, Warren Buffett’s investment company, holds 100% shares of the IMC Group, which is headquartered in Israel. IMC Group President Ilan Geri expressed their commitment to supplying tungsten materials to various industries, creating new jobs, and revitalizing the local economy.

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