Almonty is focused on acquiring distressed and underperforming operations and assets in Tungsten markets that can benefit from its in-house operating professionals and experience. Almonty is known as a very hands-on, turnaround investor-operator that is most effective in situations regarded as too complex or difficult for the average, pure "financial investor."
02/04/13Jennings maintains buy rating on Almonty Industries after Valtreixal option deal
15/02/13Almonty Industries kept at buy by Jennings Capital as head grades, cash costs improve at tungsten mine
Recent Sector News
Mason Graphite (CVE:LLG)(OTCQX:MGPHF) has signed a cooperation agreement with a First Nations group for the pre-construction phase of its Lac Gueret graphite project in Quebec, advancing its asset further along in the development process.
Mason Graphite (CVE:LLG) has all the support it needs to turn its "world-class" graphite deposit into high tech materials, according to National Bank Financial analyst Rupert Merer, who earlier this week initiated coverage of the company with an outperform rating and $1.20 price target, almost double its current trading price.
Black Iron closes strategic investment with Metinvest, opens doors for significant additional funding at Shymanivske
Black Iron (TSE:BKI) has now closed its strategic arrangement with steel maker Metinvest for its Shymanivske iron ore project in Ukraine, receiving the fourth and final installment payment from its partner of US$5 million, and paving the way for future development once the region stabilizes.
Mason Graphite (CVE:LLG) is gearing up for initial production at its flagship graphite project later next year, giving the company a huge advantage when it comes to realizing the positive dynamics that could be underway in the graphite market.
Black Iron's (TSE:BKI) shares were jumping on Wednesday after the iron ore development company agreed to a final closing schedule for its strategic investment from Metinvest, which the CEO says signifies its partner's commitment to build the Shymanivske project in Ukraine and leaves it with enough cash to ride out the current instability in the region.
EMED Mining (LON:EMED) (TSE:EMD) has finally been given permission to restart the Rio Tinto mine in Andalucia, Spain.
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