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Stock impact report

Almonty Advances Intent to Become The Leading U.S. Integrated Tungsten Producer with Acquisition of Gentung Browns Lake Tungsten Project in Montana [Yahoo! Finance]

Almonty Industries Inc. - Common Shares (ALM) 
Company Research Source: Yahoo! Finance
the "Company") (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, is pleased to announce that it has commenced operations in the United States with the successful acquisition of a 100% ownership of the Gentung Browns Lake Tungsten Project in Beaverhead County, Montana. With this closing, Almonty has added one of the most advanced undeveloped tungsten assets in the United States to its global portfolio. Project Highlights NI43-101 Total Mineral Resources : 7.53 Mt @ 0.315 % WO3 at 0.10 % cut-off Deposit Type : Contact metasomatic garnet skarn hosting scheelite mineralization Mining Method : Room-and-pillar underground development in competent skarn rock Metallurgy : 90 % tungsten recovery; 20-25 % garnet recovery Infrastructure : Road access, nearby power, water rights, and existing mill site Development Path : Exclusive rights to explore and develop the Gentung-Browns Lake corridor; targeting potential production re Show less Read more
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