AII – Almonty Industries Inc.

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Almonty Industries Inc. is a TSX listed entity engaged in mining, processing and shipping of tungsten concentrate. Almonty was incorporated under the Business Corporations Act (British Columbia) in 2009 and was continued under the CBCA in 2012. Almonty conducts business from its head office in Toronto, Canada, and is a significant tungsten miner outside of China. Almonty specialises in acquiring distressed and underperforming operations and assets in tungsten markets. Almonty has strong in-house operational experience and expertise in the tungsten market.

Almonty has four projects spanning across South Korea, Portugal and Spain. Of these projects, Almonty currently has one producing tungsten mine located in Portugal, one tungsten mine currently under planned care and maintenance in Spain and it is currently developing a significant tungsten mine outside of China via its flagship project in Sangdong, South Korea, which is set to begin production soon. Almonty also has a project in Spain which is currently in the licensing stage.

It is anticipated that AII will list on the ASX during July 2021.

 

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