Almonty Industries Inc. (Almonty) is engaged in the business of mining, processing and shipping of tungsten concentrate from its tungsten mine at the Los Santos Project. The Los Santos Project is located approximately 50 kilometers from Salamanca in western Spain and produces tungsten concentrate. The principal business of Almonty Industries Inc. (Almonty) is the mining, processing and shipping of tungsten concentrate from the Los Santos Project, a tungsten mine located in western Spain and owned by the Company through its wholly owned subsidiary, Daytal Resources Spain S.L. (Daytal). Daytal is wholly owned by the Company�s wholly owned Almonty subsidiary, 7887523 Canada Inc. (Almonty Sub). Almonty Sub has incorporated another wholly owned subsidiary , Valtreixal Resources Spain (VRS) to hold the option to acquire an interest in the Valtreixal tin/tungsten project located in western Spain. The principal business of VRS is the exploration of the Valtreixal Project.