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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

Post by TechOneon Jun 11, 2024 2:42pm
204 Views
Post# 36083242

May 14th News Release last para..

May 14th News Release last para.. "The Company is in an exciting phase right now with the build-out of our Sangdong Mine being in full swing towards completion of construction, with drawdowns on our KfW IPEX-Bank US$75.1 million loan facility being received on time and as planned and with the 7th and 8th drawdowns about to be called imminently".

I had added some on the basis of the above and I have been waiting for 7th and 8th drawdown news .. A tad overdue since imminently has turned into a month..

Get on with the show since we are getting closer-to-turn-on-the-switch phase otherwise known as commissioning..  

FWIW, I have another company, Equinox, that will be doing the same thing but they have already started parts of the commissioning.. That is actually one very complex project.. Relatively speaking.. 
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