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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 1dollarinto2on Oct 02, 2024 6:49pm
166 Views
Post# 36250814

Excited for an Update

Excited for an UpdateI know given the history of updates it's probably not in my best interested to get my hopes up for the next two weeks but I can't help it.

I am excited to get a fulsome project update from Lewis at the IIF conference or the week before.

The most recent presentation showed production to begin in 2024 and made no changes to the schedule that has been in place for all of 2024.

As of the financials in August there is only $8.68 million left for drawdowns on the $75.1 million KfW project financing. 

We got the "we are a go" statement from Lewis in September.

Next couple weeks should be an exciting time for shareholders and I'm looking forward to it.

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