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 > 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 10:41am

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Post# 36136549

RE: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

Not over budget.

LB stated that the new total will be $66.5 million.

“This week, Almonty will receive its seventh and eighth drawdowns from KfW from its US$75.1 million loan facility, bringing the total amount of drawdowns to date to US$66.5 million."

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