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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.


TSX:AII - Post by User

Almonty Industries Inc > Status
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Comment by chizzleson May 29, 2024 3:15pm
101 Views
Post# 36062886

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Status

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Status
whoisyourpapa wrote: Chzzles if you're referring to me I said it reassures me not "it removes any risk" I want to make that distinction.  Also I believe Plansee can take "up to" 45% of the Tungsten but they don't have to take any of it if there is no demand.  Someone correct me if I'm wrong on this understanding of the offtake.

whois


Sorry Whois, I was going from memory, didn't want to re-read through all of the posts today.

I think that Plansee has agreed to buy 45%, not up to 45%? I always assumed that anyway, I didn't think that Plansee could just choose not to buy anything. Then I do't think the banked would have backed Almonty on a "if they want to buy 45%"

That doesn't seem secure enough for a bank to agree to give $75 million USD.


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