Report

Flash note: C$1.5m reduction in the WCM acquisition price

Almonty has announced a C$1.5m reduction in the Wolfram Camp Mine (WCM) acquisition cost, stemming from the project’s working capital adjustment. This will be satisfied through the surrender of a respective portion of the convertible debt issued to Deutsche Rohstoff. This reduction in net debt increases our valuation of the company to C$1.32/share.
Underlying
Almonty Industries

Almonty Industries is engaged in mining, processing and shipping of tungsten concentrate from its tungsten mine at the Los Santos Project.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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