Almonty Commences New Drilling Program at Panasqueira Mine
Almonty Industries Inc. - Common Shares (ALM)
Company Research
Source: Business Wire
Program Aims to increase Annual Output; Mine Life Could be Extended TORONTO--(BUSINESS WIRE)--Almonty Industries Inc. (“Almonty” or the “Company“) (NASDAQ: ALM) (TSX: AII) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten, today announced the commencement of a large-scale drilling program at its Panasqueira Mine in Portugal, with the objective to define the mine plan for the expansion into Level 4, a new production level. The drilling program also aims to support an increase in annual output and a potential extension of the mine’s operational life.Level 4 will be explored through surface and underground diamond drilling covering a total of approximately 14,000 meters using three rigs, which is expected to extend over a 12-month period at an estimated investment of €2.5 million. This drilling program builds upon prior exploration campaigns, which confirmed the presence of mineralized veins in the target area. The results are expected to allow Almonty to update the
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- Almonty Appoints Decorated U.S. Army Brigadier General (Retired) Steven L. Allen as Chief Operating OfficerBusiness Wire
- Almonty Industries Montana Project to be the first U.S. tungsten mine since 2015 [Yahoo! Finance]Yahoo! Finance
- Almonty Industries Montana Project to be the first U.S. tungsten mine since 2015 [FOX Business Network]FOX Business Network
- Almonty Industries (NASDAQ:ALM) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Almonty Advances Intent to Become The Leading U.S. Integrated Tungsten Producer with Acquisition of Gentung Browns Lake Tungsten Project in Montana [Yahoo! Finance]Yahoo! Finance
ALM
Sec Filings
- 12/1/25 - Form 6-K
- 11/17/25 - Form 6-K
- 11/3/25 - Form 6-K
- ALM's page on the SEC website