Almonty Korea Tungsten
Almonty expands their Environmental, Social and Governance (ESG) program, signing an MOU with Seoul National University to foster local mining talent.
Almonty Provides an Operational Update for its Sangdong Tungsten And Moly Mines
Lewis Black And The Plansee Group Conclude Share Sale/Purchase Prior to KfW IPEX Bank Financial Close for the Construction of the Sangdong Tungsten Mine
Tungsten
The history of tungsten dates back to the Middle Ages. Learn more about Tungsten and Almonty Industries.
Almonty Industries
Almonty specializes in acquiring distressed and under-performing operations and assets in tungsten markets.
Panasqueira Portugal
Los Santos & Valtreixal Projects
Almonty Industries
Symbol: AII.TO
Description:
Almonty Industries Inc. engages in the mining, processing, and shipping of tungsten concentrate. The company owns interests in the Los Santos mine located near Salamanca, Spain; the Panasqueira tin and tungsten mine situated in Covilha and Castelo Branco, Portugal; and the Sangdong tungsten mine situated in Gangwon Province, Republic of Korea; and the Valtre Valtreixal tin and tungsten project located in Zamora province, Western Spain. Almonty Industries Inc. is headquartered in Toronto, Canada.
Industry: Other Industrial Metals & Mining
Sector: Basic Materials
Phone: +1 (647) 438-9766
🚀 Exciting News from Panasqueira Mine! 🚀
We're very excited to announce the entry into Level 4 (L4), a pivotal moment in our rich history of tungsten mining. The L4 opening is set to commence in Q1/2024, and signifies a new era of progress and opportunity for Almonty Industries 🌏
Key Facts:
✅ L4 poised to redefine #tungsten mining.
✅ Scoping study completed for ambitious project.
✅ Operational efficiency and timely execution at the forefront.
✅ Focus on underground development for enhanced production.
Operational Highlights:
🔄 Strategic shift for optimized extraction.
🔍 Ongoing exploration drilling for resource maximization.
🛠️ Utilization of existing surface infrastructure.
💼 Low-risk operational profile for stable investment.
Recognition and Partnerships:
🤝 U.S. Department of Commerce visit highlights global importance.
🌐 Addressing demand from defense and oil & gas industries.
🏭 Cornerstone of sustainable mining practices and community development.
Recent Development:
✅ Entry into Panasqueira Mine's L4 marks a significant milestone.
🏞️ Commitment to progress and excellence in mining operations.
📈 Embarking on a transformative journey, delivering value to investors and stakeholders.
Read more in the full article by #Almonty: ... See MoreSee Less
Unlocking the Potential of Panasqueira Mine
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Panasqueira Mine's Level 4 opening is poised to redefine the landscape of tungsten mining with its immense potential and low-risk profile.Comment on Facebook
Almonty Industries is making significant progress towards the reopening of the #sangdongmine, the world's largest tungsten mine, located in South Korea.
This strategic project aims to diversify the global #tungsten supply chain and offer a secure source of this critical material to both the US and South Korea. 🇺🇸 🇰🇷
Underground development is now nearing completion - scheduled for September, paving the way for surface work to begin shortly. Commitment to responsible practices - sustainable and environmentally conscious mining operations remain a priority.
Read the full article by The Korea Herald 코리아헤럴드 below:
bit.ly/4bl23rm
Stay tuned for further updates as #Almonty approaches the anticipated year-end operational launch. ... See MoreSee Less
[Herald Interview] Almonty to boost security of key mineral supply with Sangdong mine
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Almonty Industries, a multinational mining company headquartered in Toronto, expects to reopen the Sangdong Mine in Yeongwol, Gangwon Province, and begin operations before the end of the year to offer...Comment on Facebook
In the below article by Newsweek, Almonty Industries' CEO addresses global ammunition challenges as NATO announces a €1.1 billion ($1.2 billion) deal for 155mm artillery rounds.
Despite the existing availability of raw materials such as #tungsten from China and Russia, manufacturing plants face capacity issues, delaying production in some cases through until 2027.
Read the full article below:
bit.ly/3tX9RyN
#Almonty #miningnews #MiningStocks #sangdongmine #ASXnews ... See MoreSee Less
NATO chief admits new bullets won't arrive in Ukraine for years
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It could take up to 36 months for the ammunition from a new NATO deal to become available.Comment on Facebook
🚀 An exciting start to 2024 as Almonty Industries' shares surge over 10% to CAD 0.62! 📈
Analysts are predicting a breakthrough with resistance at CAD 0.60-0.67. Key projects in Spain, Portugal, and South Korea seem to be fuelling optimism. 🇪🇸 🇵🇹 🇰🇷
Check out the full story by News.Financial 👇
bit.ly/3ObBMSu
#almontyindustries #STOCKUPDATE #investmentopportunity ... See MoreSee Less
Morphosys on the verge of a short squeeze? Evotec share drops like a stone! Almonty Industries is exciting!
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Share price disaster at Evotec. The shares of the German biotech company are falling like a stone in 2024 and have already lost over 30% of their value in just a few trading days. This results from th...Comment on Facebook