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Almonty Industries Inc T.AII

Alternate Symbol(s):  ALMTF

Metals & Mining Copper
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 > Penultimate Drawdown
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Comment by 5ilverlining808on Jul 21, 2024 10:31am
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Post# 36141680

RE:Penultimate Drawdown

RE:Penultimate Drawdown
rockminer56 wrote: Does anyone know if the drawdows cover money for work already completed, or is it for work projected/ongoing in their next phase?
If so that means that Almonty has to fund expenses (over $10.7 mil) this draw...... from cash flow or cash on hand.    
The answer would have a clue as to how much work has been completed, ...or the next phase ready to go..


Good question.
Simple answer to the first ...NO, how would we know what Lewis is doing with a news black-out on total under ground and above ground process plant progress.
There is still no news on anything progress wise.
Where the money is spent should go to the whole mine propper, ie under ground and initial process plant.
Forget about ramp up for just now, and give the phase 2 thing a rest.
So long in the future for that stuff.
September 2024 is our start date.
Slow down and show some patience, its only a month or so away for better news.
???I hope???



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