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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 chizzleson Jan 19, 2025 8:23pm
82 Views
Post# 36411294

RE:RE:RE:Almonty to relocate to US

RE:RE:RE:Almonty to relocate to USI dom't know if this is good or bad for shareholders, but I trust LB, and the reasoning makes sense.

I just hope that we continue on the TSX, and not just "for now". As a Canadian, it'll be a pain with the CDN/US conversion now to factor in, also might end up being a huge loss for us Canadians as right now our dollar is garbage compared to the US. If we get the converted share to the US, and the CDN dollar eventually gets back to normal, we will lose enough money on that alone. Also, I believe that we pay extra taxes on US dividends vs CDN (not positive about this though). If that is the case, it might eat away at our dividends if Almonty eventually pays them out.

For me, as long as we continue on the TSX, I am okay with it.


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