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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.


TSX:AII - Post by User

Almonty Industries Inc > New Press Release - Almonty Industries Celebrates Designation of Yeongwol County as an Opportunity Development Special Zone to Enhance Sangdong Mine Expansion
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Comment by whoisyourpapaon Nov 18, 2024 10:25am
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Post# 36317884

RE:RE:New Press Release - Almonty Industries Celebrates Designation of Yeongwol County as an Opportunity Development Special Zone to Enhance Sangdong Mine Expansion

RE:RE:New Press Release - Almonty Industries Celebrates Designation of Yeongwol County as an Opportunity Development Special Zone to Enhance Sangdong Mine ExpansionWell I guess we now know the real reason why there were no pictures of the mine construction for months. . . because there was not much to show, maybe just a retaining wall and foundations deep in tot the ground? 

If they keep up the same construction pace I guess the mine will be completely constructed in the next 90 days.

The latest IP posted a few days ago still has "START MINING ACTIVITIES" at between Q3 of this year and and Q1 of 2025.  Additionally loan repayment is Q2 of next year, I imagne they'll have to sell some ore in order to have the money to start that repayment?

whois
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