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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Comment by cubesoftungstenon Apr 12, 2024 4:33pm

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RE:Warren Buffets Berkshire Hathaway in Tungsten in Korea

I think most of us can see that there may be plenty of buyers in Korea for Tungsten. However, without an operational mine, there is nothing to sell. Companies like IMC/BRK are not going to sign an offtake until there is steady production at Sangdong. However IMC/BRK could also make Lewis an offer for a buyout which could be interesting.

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