No explanations. The German bank made site visits on all Almonty mines in Spain, Portugal and Korea last Nov, Dec 2019. Almonty announced private placement to pay the closing costs of loan recently. So hopefully real soooooooooon.
After the delay of 2 years, the $75 USD deal was completed finally for this junior mine to become a mid-cap mining company.
Now I'm scratching my head why SP is not moving even after a month. I like Tngsten and the company but stock really sucks. Maybe a good opportun for short term or long term investments. Not for day traders. lol
Toronto – December 07, 2020 – Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / OTCQX: ALMTF / Frankfurt: 1MR) is pleased to announce the execution of the Facility Agreement (loan agreement) and the Completion Agreement with KfW-IPEX Bank GmbH for the US$75.1 million project financing for its wholly-owned Sangdong Mine located in South Korea.
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