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Almonty Signs MOU with Yeongwol County for Sangdong Downstream Tungsten Oxide Plant Development
Jul 11, 2024•almost 2 years ago
Contract Type
partnership
TorontoOther
Description
Almonty Korea Tungsten Corporation, a subsidiary of Almonty Industries Inc., has signed a memorandum of understanding with the Yeongwol County Office in South Korea to establish the Sangdong Downstream Tungsten Oxide Plant. The MOU includes an investment of approximately US$72 million for the construction of the downstream tungsten oxide plant and an additional US$29 million in processing plant facility upgrades at the Sangdong Tungsten Mine.
Company Information
Company
Almonty Industries Inc.
Location
100 KING STREET WEST
Toronto, Ontario, Canada
About
Almonty Industries Inc. engages in the mining, processing, and shipping of tungsten concentrate. Almonty Industries is headquartered in Toronto, Canada.