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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 5ilverlining808on Oct 26, 2024 10:19am
151 Views
Post# 36283273

Andrada Mining's drilling success at Brandberg West Namibia

Andrada Mining's drilling success at Brandberg West NamibiaI have no interest in this company, but it shows how desperate some will go to make a mark.
20 holes drilled for Tin, Tungsten, Copper and some in an old mine in Namibia.
Sounds a bit similar, but nothing on processing.

People in the past asked if any other Tungsten mine could be a threat to Almonty.
Absolutely not.
Reasons :
-15 year off-take with Plansee 45% of initial production.
- 55% left for South  Korea and some for others in Europe and the US Govt. on the Pana project.
- Tri-oxide for SK is on track-ish.
- Moly off-take for SK under discussion now.
- Ability to open up more portals to mine other areas.
No threats, no doubts at all.

I wish these other miners the best, but it might take a longe time.
Longer if they follow the Almonty model.


https://www.youtube.com/watch?v=Qc9HcTZbigA



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