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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 1dollarinto2on Jan 20, 2025 10:49am
135 Views
Post# 36411900

Molybdenum Partners

Molybdenum PartnersAny speculation on who Almonty's offtake partner will be for the Molybdenum project, whether or not they will be able to negotiate a guaranteed floor price, and when they will announce?

I'm hoping and expecting there will be a guaranteed floor price, basically modelled off of the one they negotiated for the tungsten. The nice
thing is the timing for financing will be much different this time because of the relationship already being built woth KFW.

On timing, my bet is before February 1st, given Lewis was hoping to get something announced before Christmas. Things always move slower than I want them to, but I'm going to hope it's this week or next.

Exciting times leading into production in March. 

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