Almonty Industries Inc T.AII

ALMONTY INDUSTRIES - ON THE WAY TO BECOMING A BIG PLAYER

[TechOne]

Almonty Industries specializes in the mining, processing and distribution of tungsten concentrate and operates globally. Despite a difficult 2020 with Corona-related mine closures in Spain and Portugal, it can ultimately be chalked up as a success. Last December, the Company received credit approval to build the world's largest tungsten mine, Sangdong, in South Korea. Parallel work was done on the ASX listing, as that is the largest stock exchange for the Asia-Pacific region.

Another advantage for the Company is the strained relations between China and the United States. Tungsten is considered a strategic metal because of its military applications. Similar to rare earths, China owns a good 80% of the world's resources. Tungsten prices continue to rise. Almonty will benefit enormously from this with the completion of the mine in South Korea. The Sangdong mine alone can supply about 30% of the tungsten not produced in China.

In addition, the tin and tungsten project in Valtreixal in northwestern Spain is gaining momentum. There, the permitting process can be completed after a land-use reclassification occurred. This will significantly increase the value of the project. At Sangdong, a drilling program is planned to further define the molybdenum contained in the mine. If drilling results are successful, this would be another leg up for Almonty.
Those who want to profit from a rising tungsten price can still buy relatively cheaply now from a future big player in the tungsten market. Since the figures for 2020 were only announced on Saturday, one should see if some selling pressure comes up and then take hold. In the long term, the Company is developing into a good investment.
https://news.financial/comments/jinkosolar-almonty-industries-thyssenkrupp-commodity-and-energy-prices-still-on-the-way-up#toc-almonty-industries-on-the-way-to-becoming-a-big-player

[lonade]

https://twitter.com/almonty_/status/1394819230030200832?s=21

[guerreiro]

Looking great; Is it that Warren Buffet's company IMC which is part of Berkshire Hathaway group coming back now that Almonty is finally being well managed. ( OR the listing in the Australian Stock Exchange in a few days). I am sure IMC will be interested in signing an agreement with Almonty, they have a large tool manufacturing plant just down the road that requires a lot of Tungsten. When

[chrisp6712]

Please don't turn this board into a political rant.

[GaiusGermanicus]

Where'd that come from, don't recall anyone discussing politics, though it must be admitted that rare earths shortages ARE a political issue.  Fate of western civilization and all that.

[chrisp6712]

I have been screwed by them ccp's quite a few times and now with the CCP Virus. ( There is a global saying never do busines with Chinese you will always lose, check out what they did in Africa, Europe, South America, Australia, and the partneship with Joe the 6 Trillion $ man in USA) (Raping the World and the Oceans).

[Tungride]

Are we really days away from the ASX listing? Would they need to announce additional share offerings prior to that or at the same time?

[5ilverlining808]

guerrieiro wrote :- "When do you think Almonty will make the anouncement on starting to pay dividends, there is no stopping for this baby to hit $2 / $3 and announce dividends. " I think I remember that in the last interview or NR with Lewis Black he said that Almonty was now moving from Junior to a Mid status situation. I dont know how this works, but maybe after the full ramp up and