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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 Sep 13, 2024 2:59pm
131 Views
Post# 36222869

We have ignition, of sort, in other commodities

We have ignition, of sort, in other commoditiesI remember when Uranium was in the dumpster.. Cost of production was higher then what the price was and demand was lack lustre.. Nuclear plants were being shut down etcc. I attended so many conferences and I was hungup on one particular stock.  Attended at least 4-5 presentations and a luncheon hosted by the CEO.. Even chatted with him. Company was UEC ... Could have bought it under a USD 1.. Uranium Energy Corp..   Then of ccourse, with Russia invading Ukraine and west all of a sudden gets excited that we need nuclear energy etc.  UEC today is US $ 5 + 52 week high is $ 8 +  

I actually want China to put Tungsten on their restriction list for export.  Importers of Tungsten, US, Europe, Korea etc. all have already put Tungsten on Critical Material List ie. they don't want to rely on China for it.. 

In the meanwhile, I hope folks here are in Gold, Silver and Copper becaue we seemed to have momentum there..  So while I wait for Almonty to come alive, I am enjoying the move in some of my other plays although these are not as large a position as Almonty as far # of shares are concerned.. 

FWIW 


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