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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 > New Press Release - Almonty to Receive 7th and Penultimate 8th Drawdowns from KfW IPEX-Bank for Ongoing Construction of the Sangdong Tungsten Mine
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Comment by chizzleson Jul 17, 2024 9:24am
103 Views
Post# 36136337

RE:RE:New Press Release - Almonty to Receive 7th and Penultimate 8th Drawdowns from KfW IPEX-Bank for Ongoing Construction of the Sangdong Tungsten Mine

RE:RE:New Press Release - Almonty to Receive 7th and Penultimate 8th Drawdowns from KfW IPEX-Bank for Ongoing Construction of the Sangdong Tungsten MineThis is such a simple yet huge announcement imo.

We've been waiting since November 21st 2023 (the announcment of the 6th drawdown). As LB said in his statement " The 7th and penultimate 8th drawdowns continue to demonstrate the solid progress being made constructing the Sangdong Tungsten Mine.”"

KFW would not give out $10.6 million US to a company that has not made any progress with the first $53.9 million US that was lent to them. And from what I remember, KFW has a 100% success rate with the companies that they loan to.

I think we are well on track and well on our way at this point. Also, that is now three News Releases in the past nine days, which is also a very good sign for us.

We are almost there, these cheap prices will be in the rearview mirror very shortly. 



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