Almonty Korea Tungsten
Metso Equipment arriving at Almonty’s Sangdong Mine
Almonty Announces Receipt of the First Drawdown Amount of US$12,818,081 with the Next Drawdown of US$4,840,524 Now Scheduled for August 11, 2022
Significant Maiden Molybdenum Resource Defined Adjacent To The Tungsten Orebody At Sangdong Mine In South Korea
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.
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
Almonty Industries is pleased to announce it has closed on a non-brokered private placement through the sale of 2,668,000 units (“CDN Units”) at a price of $0.55 per unit raising gross proceeds of $1,467,400.
Each CDN Unit is comprised of one common share and one share purchase warrant with each share purchase warrant being exercisable into one additional common share at a price of $0.74 per share for a period of 24 months from closing.
The Company is also pleased to announce that it has received firm commitments to raise gross proceeds of A$201,500 through the issuance of 325,000 Placement Chess Depository Interests Units (“CDI’s”) at a price of A$0.62 per CDI Unit.
Read the full release on Almonty's website:
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Placement of Common Share Units and CDI’s raises $1.47M
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With Further Commitments of C$1.178 million for acceleration of Tungsten downstream planning and Molybdenum reserves conversion.Comment on Facebook
We're thrilled to share the success of our AKTC team at the regional sport event in Yeongwol, South Korea commemorating the Independence Movement Day of 1919! 🇰🇷
Some of our Almonty Industries' executives and staff, including our Vice President and Director Dong-Hoon Kang, along with nine other team members, participated in the event.
A special shoutout to Leonel Felisberto for clinching the second place overall and receiving a bicycle as a prize!🥈
Furthermore, in true AKTC fashion, #Almonty contributed to the event by donating rice as prizes and receiving warm welcomes and encouragement in return from local dignitaries, including Yeongwol County Governor Choi Myeong-seo. 🍚
We're immensely proud of our #sangdongmine team for their achievements and community spirit.
#almontyindustries #communityengagement #teamspirit #aktcsuccess #yeongwolevent #independencemovementday #tungsten ... See MoreSee Less
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A proud moment for our staff...congratulations Leonel Felisberto for 2nd place!! www.youtube.com/watch?v=ZxPHOLJSwbs
🚀 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:
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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