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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

Comment by corton68on Dec 14, 2024 10:06am
98 Views
Post# 36362363

RE:DoD Makes Investment to Strengthen the Tungsten Supply Chain

RE:DoD Makes Investment to Strengthen the Tungsten Supply ChainGiven its older bigger brother Cantung was one of the most expensive tungsten mines to operate in the world given its location (but had some of the best operators in the business working there) and went bust I think on 3 different occasions (and we've had higher prices before than now) then with this more than 20% lower grade sibling in Mactung even further north (approx 100 plus miles) in the Yukon then I give this no shot at all. Even if they find the more than US $600m to open it, operationally unless we see a price of $1000 for tungsten it has  no shot. Me thinks this money they are getting will find its way towards their zinc project which also needs hundreds of millions to open. 
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