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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 1dollarinto2on May 18, 2024 2:49pm
224 Views
Post# 36047436

RE:Is the Project (PLANT) almost complete?

RE:Is the Project (PLANT) almost complete?

The pilot plant is from 2020, it is good that it was done back then, allowed Almonty to fine tune processing plans with real ore, however it isn't current news and doesn't suggest anything about the real plant being nearly complete.

I don't worry about trying do figure out the drawdown timing, KFW has already provided the majority of the funds and Lewis has stated publicly all is well and the drawdowns will continue when they are needed. 

I do like to see that they continue to be profitable at Panasqueira. For Sangdong, no new news from the last iif presentation in these financials that I can find. This isn't a bad thing, should mean everything continues to be on schedule for q3/q4 completion and commissioning as stated in their current presentation.

Sangdong production is creeping up very soon and I'm getting excited.

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