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Bullboard - Stock Discussion Forum 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... see more

TSX:AII - Post Discussion

Almonty Industries Inc > Large ammo order made
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Post by GaiusGermanicus on Jun 18, 2023 5:43pm

Large ammo order made

A German company recently began tooling to fulfill a huge order for 120mm Tungsten penetrator based ammo (as opposed to the depleted Uranium US and British forces use, hence likely destined for Ukraine or to replace German ammo already sent there).  This is going to eat into the supply a bit as they intend to make a great deal of the stuff, one of the few large uses of tungsten where it can't be recycled later.
Comment by Markidesad on Jun 19, 2023 4:55am
As a holder of RHM, I can only confirm this fact, It will be a VERY huge order in Germany. "1110 GMT - Shares of German arms maker Rheinmetall are on the rise after CEO Armin Papperger told Reuters that he expects to strike an ammunition deal worth billions of euros with the German government in coming weeks. Papperger said 2023 "will certainly be our best year ever as regards order ...more