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How Will Almonty Turn $75M Financing Into Tungsten Production by Year-End?
2:20am on Monday 2nd of June, 2025 AEST
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Mining
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How Will Almonty Turn $75M Financing Into Tungsten Production by Year-End?
2:20am on Monday 2nd of June, 2025 AEST
Key Points
Completed US$75.1 million project financing with KfW IPEX-Bank
Net loss of $34.6 million driven by non-cash warrant valuation losses
Los Santos Mine remains on care and maintenance, reopening planned for early 2026
Panasqueira Mine shows slight production decline but improved revenue and cost control
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