Almonty Makes Third Payment on Valtreixal Project

Almonty Industries Inc. (TSXV:AII) announced that it has made a 300,000-euro third instalment payment on the Valtreixal tin-tungsten project, located in Northwestern Spain. To date, the company has paid installments totaling 700,000 euros.

As quoted in the press release:

Almonty now owns a 25% interest in the Valtreixal project and has an option to acquire the remaining 75% ownership interest through €1,700,000 in additional installment payments over the next 18 months.

Lewis Black, CEO of Almonty stated:

We are committed to furthering our understanding of the Valtreixal project and believe Valtreixal is the best tungsten project to be found on the Iberian peninsula in the past thirty years.  We expect to be well positioned to proceed to the permitting/construction stage upon completion of the 2015 exploration campaign.

Click here for full Almonty Industries Inc. (TSXV:AII) press release