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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 Boomshakalaka46on Jan 19, 2025 8:41pm
87 Views
Post# 36411311

RE:RE:RE:RE:Almonty to relocate to US

RE:RE:RE:RE:Almonty to relocate to USYes, I agree that right now is not the best time to convert anything CAD into USD. This has to be the short term bottom for CAD against USD. All the bad news appears priced in and I can see it moving up to 75 in six months assuming no other new news with respect to the economy. Once Trump starts the tariffs tomorrow and takes down the US economy , USD should start to weaken in a few months. It is way overpriced imo. But the statement sounds like this move is at least three to four months away. I still don't understand why they would delist on TSX or ASX as they are sources of capital as well. But  this is the amateurish Almonty media releases I complain about. Why talk about TSX or ASX and the " for now " in this news release if you don't know what you are going to be doing for a fact ? just keep it about the headquarters moving from Canada to US. This just leaves the door open for speculation. Clarification on potential delisting should be a question for LB on Feb 25th. 
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