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Almonty Industries ( (TSE:AII) ) has issued an announcement.
Almonty Industries Inc. has successfully received its final drawdown of $906,000 from the $75.1 million project loan facility provided by KfW IPEX-Bank for the construction of the Sangdong Tungsten Mine in South Korea. This achievement highlights Almonty’s strategic goal to become a leading global producer of tungsten, with the support from KfW playing a crucial role in ensuring global supply chain stability and affirming the company’s commitment to financial responsibility and stakeholder dedication.
More about Almonty Industries
Almonty Industries Inc., based in Toronto, Canada, is engaged in the mining, processing, and shipping of tungsten concentrate from its Los Santos Mine in Spain and Panasqueira mine in Portugal. The company is also developing the Sangdong tungsten mine in South Korea and the Valtreixal tin/tungsten project in Spain.
YTD Price Performance: -1.98%
Average Trading Volume: 178,303
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$256M
Learn more about AII stock on TipRanks’ Stock Analysis page.
