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Almonty Industries ( (TSE:AII) ) has provided an announcement.
Almonty Industries has filed an updated NI 43-101 Technical Report for its Sangdong Tungsten Mine, highlighting recent developments and planned expansions. The report outlines the expected commencement of production in the second half of 2025, with a significant increase in throughput capacity planned for Phase II, potentially starting in 2026. This expansion aims to enhance economies of scale and improve margins, positioning the Sangdong Mine as a critical asset for the company.
The most recent analyst rating on (TSE:AII) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Almonty Industries stock, see the TSE:AII Stock Forecast page.
More about Almonty Industries
Almonty Industries Inc. is a leading global producer of tungsten concentrate, focusing on the development and operation of mineral properties. The company is engaged in projects such as the Sangdong Mine in South Korea and the Panasqueira Mine in Portugal, with a strategic emphasis on increasing production capacity and enhancing market positioning.
Average Trading Volume: 566,000
Technical Sentiment Signal: Buy
Current Market Cap: C$1.29B
For detailed information about AII stock, go to TipRanks’ Stock Analysis page.