Almonty announces positive $16,440,000 annual EBITDA from mining operations before non-cash impairment charge and the filing of its audited annual financial statements and MD&A for the fifteen months ended December 31, 2019
Almonty Industries Inc. today announced the filing of its audited annual consolidated financial statements, management’s discussion & analysis and AIF for the fifteen months ended December 31, 2019.
Almonty Announces Execution of Memorandum of Understanding with Provincial and County Governments for Collaboration and Supports for Sangdong Mine Development Project
Almonty Industries Inc. announces the execution of a Memorandum of Understanding (“MOU”) among Gangwon Provincial Government, Yeongwol County Government and Almonty Korea Tungsten (“AKT”), its wholly owned subsidiary in South Korea on the 7th of May, 2020.
Almonty Industries is Interviewed by Oswald Salcher
In an interview with Oswald Salcher, Lewis Black, President and CEO of Almonty Industries explains what tungsten is used for and how investors can benefit from Almonty Industries’ success.
Governor Moon-Soon Choi Expresses Support For One Of South Korea’s Most prestigious Projects
Almonty Korea Tungsten, 26 April 2020 – Governor Moon-Soon Choi expressed his pleasure on the development of Sangdong Mine, particularly the commitment of KfW IPEX-Bank. He requested an all-out effort amongst the Provincial Government/Congress and the County Government/Congress in supporting one of the nation’s most prestigious projects.
Provincial Government Officials’ In Korea Visit Sangdong Mine
Almonty Korea Tungsten, 2 April 2020 – Provincial government officials’ in South Korea visit the Almonty Korea Tungsten Sangdong Mine site to review progress made to date and begin the process of providing cash subsidies.
COVID-19: We’re In This With You
As we navigate the COVID-19 pandemic together, first and foremost, we hope that you and your loved ones are safe. If you need any help or have any questions at all, please reach our by email or phone.
Pilot Plant Starts Full Throttled Continued Operation Producing Concentrate
Almonty Korea Tungsten, 19 March 2020 – Pilot plant starts full throttled continued operation producing concentrate.
We’re pleased to announce throughput is being achieved. Fine-tuning and calibration is now underway towards achieving the required WO3 grade and recovery targets.
The Story Behind Panasqueira Mines
With tungsten mining operations spanning back for more than 120 years, Almonty’s Panasqueira Mine in Central Portugal has always been of considerable interest to resource experts, miners, investors, shareholders and other interested parties around the globe.
Almonty Industries Inc. announces that KfW IPEX-Bank has received the preliminary export credit cover from the Oesterreichische Kontrollbank AG (“OeKB”) for its project financing of the Sangdong Tungsten Mine
Almonty Industries Inc. is pleased to announce that it has now received notification that the preliminary ECA cover has been issued by OeKB which is underpinning the recently announced binding commitment for the project finance loan of US$76,000,000 from KfW IPEX-Bank.
“Set to make a New Miracle with Sangdong Tungsten”, said by Mr. KIM Yong-woo, Representative of Almonty Korea Tungsten
Mr. KIM Yong-woo, a representative of Almonty Korea Tungsten has stated that they are “Set to make a New Miracle with Sangdong Tungsten”, with secured development funding, full-scale development in April 2020, and commencement of production in April 2022.
Almonty Korea Tungsten
Almonty Industries Inc would like to congratulate Donghoon Kang, who was awarded the Korea Resources Recycling Association President’s Award at the 2021 Mine-Tech Festa
Almonty Provides an Operational Update on Activities at its Tungsten Mines
Almonty Announces the Appointment of A New Director Mark E Goodman
The history of tungsten dates back to the Middle Ages. Learn more about Tungsten and Almonty Industries.
Almonty specializes in acquiring distressed and under-performing operations and assets in tungsten markets.
Los Santos & Valtreixal Projects
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
Unveiling the Journey of Panasqueira Crystals: From Mine to Museum!
The Natural History Museum, London and American Museum of Natural History are currently exhibiting an extensive array of mineral specimens from around the world, with Panasqueira Crystals - unearthed from our very own Panaqueira Mine in Portugal, being the largest single source in both museums. 💎✨
CEO and Chairman of Almonty Industries - Lewis Black recently visited these museums where our #panasqueira Crystal specimens are on display.
Read the full article on Almonty's website👇
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Unveiling the Marvels of Panasqueira Crystals
bit.lyThe Panasqueira Mine has earned its place as a global treasure trove of mineral specimens. A Journey from Mine to Museum.
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Almonty Industries is set to re-commence tungsten production in Spain later this year.
#tungsten is a crucial metal used in over 1,000 high-tech applications like energy systems, IT, and defense. With more than 70% of the global market currently relying on China for tungsten supply, Almonty Industries aims to reduce the EU's dependence on foreign countries for essential raw materials.
For more information read News.Financial's latest article 👇 ... See MoreSee Less
ChatGPT, Artificial Intelligence and E-Mobility! BYD, Almonty Industries, Nvidia - 100% performance with strategic metals!
bit.lyThose aiming to accelerate artificial intelligence, e-mobility, or the energy transition need access to critical metals. The EU and the USA have the extraction of domestic resources on the agenda in o...
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Almonty Industries is gearing up to re-commission its Los Santos tungsten mine in Q3/23 🏭. Their flagship Sangdong Mine is also in the final stages of development ready for opening in early 2024.
#tungsten, a vital metal in a broad sprectrum of industries, including metal processing, electric motors, and aerospace, is in huge demand due to the now booming energy transition.
Under the leadership of Chairman and CEO Lewis Black, Almonty Industries is soon to be the large supplier to Tungsten globally outside of China.
For more details, read News.Financial's latest release 👇 ... See MoreSee Less
Almonty Industries, Palantir, Rheinmetall - Stocks soar on innovative technologies
bit.lyThe demand for AI is unbroken in the economy. Clothing giant C&A, for example, has now chosen none other than Palantir to optimize its digital sales processes. Rheinmetall, too, seems to be taking unf...
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Almonty Industries' Los Santos mine in Spain is going back into production, starting operations in the third quarter of this year 🏗
Furthermore, #Almonty's flagship project - their #sangdongmine in South Korea, is progressing quickly. Construction work is on track, and commissioning is now scheduled for the second quarter of 2024.
These two major events will further position Almonty Industries as a key player in supplying 30% of the global #tungsten demand.
With these two projects on the horizon, Almonty is set to reshape the tungsten market and pave the way for new and innovative battery applications 🚀🚕.
Stay tuned as Almonty Industries continues to push forward and brings us closer to a brighter, more sustainable future!
Read more about their upcoming milestones here:
#almontyindustries #miningrevolution #tungstenadvancements #miningnews #miningstocks #ASXNews ... See MoreSee Less
Plug Power, Almonty Industries, Rock Tech Lithium - Exploiting shortages
bit.lyThe Ukraine conflict has shown how dependent Europe is on Russian energy exports. In the future, green hydrogen should close this gap. However, the dependence of Western countries is not limited to th...
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