Almonty Industries Inc T.AII

A Farthers Pride.

[5ilverlining808]

Nothing new, just a reminder.

History[edit]

The name Almonty Industries derives from the names of the fathers of two of the founders as a tribute to them. "Al" comes from Al D'Amato, father of Daniel D'Amato and Monty from Monty Black, father of Lewis Black. Some Almonty partners had contact with tungsten production and trading from other projects in Thailand. Later, in May 2005, Almonty acquired Panasqueira mine in Portugal on behalf^{[clarification needed]} of Primary Metals Inc,^[1] a company formerly listed on the TSX Venture Exchange with the ticker symbol "PMI.V", purchased by Sojitz Corporation in 2008.^[2]

The company was formed in 2011 with the acquisition of Los Santos mine. It began trading on the TSX venture exchange on 28 September 2011.^[3] In March 2013 the company acquired an option on 51% of the Valtreixal deposit in northern Spain.^[4] In 2015 Almonty acquired Woulf Mining Corp. and its Sangdong project.^[5] In early 2016 Almonty acquired Panasqueira mine from Sojitz Corporation of Japan.^[6] In early 2017 Almonty received final permits for construction of its Sangdong mine and acquired the remainder of the Valtreixal project, thus gaining full ownership.^[7]

Timeline[edit]

• 2005 - May: Primary Metals (PMI.V on TSX) acquires Panasqueira
• 2008 - Sojitz acquires Primary Metals
• 2011 - Almonty Industries founded
  • 28 September - began trading on TSX
• 2013 - March: Almonty acquires 51% of Valtreixal
• 2015 - acquires Woulf Mining and Sangdong project
• 2016 - acquires Panasqueria from Sojitz, also remaining Valtreixal ownership.

[GastownGuy]

I'm sure it's a reminder that makes those initial investors cringe. 11 years later and the share price is still less than a dollar. They are all still under water on their initial investment

[5ilverlining808]

Have you sold out ?

[wolfry1]

Silver...you "spout" too much..!!!! What difference does it make if he sold or not..! Gastown makes a very valid point... Wolfry1 (hopeful bagholder)

[QuarterDollar]

Gastown does have a very valid point and I do agree with that point. But this is NOT Almonty's fault, this is ours.  This is because of our lack of knowledge and experience with investing in any mining industry. But where are you going to get that knowledge?  Either you learn something in University and then are fortunate to work for an investment firm that specializes in

[5ilverlining808]

"Silver...you "spout" too much..!!!!" At first I thought this ment to vent air from a whales or dolphines blow hole. lol but as true as I thought this made sense. Not so, after googled. So, yes I do, and it is no crime to fill in some blank pages of missing chapters in this book while waiting for good news. To post something that will generate discussion rather than nothing

[GastownGuy]

I have not sold a single share. I was pleased when the share price rose to $1.30 last June and was looking forward to a gradual rise from there as the financing closed and milestones were met on the construction schedule at Sangdong. The last 8 months have been a major disappointment to me and yes I do fault the ceo for some of the poor performance of the share price over that time. Mr Black has

[QuarterDollar]

GastownGuy, tungsten is not a well understood market unlike gold and silver. For that reason alone would make investors shy. A market dominated by China where China is also the price setter is another factor. Plus what China did to force many other tungsten mines to shutdown or go out of business. Furthermore, the collapse of the commodity market back in 2010 caused many investors to get