Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 206

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 206
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 Holder, gain recognized by such holder on the sale, exchange or other disposition of New Almonty Shares
would be subject to tax at generally applicable U.S. federal income tax rates. In addition, a buyer of such stock from a Non-U.S. Holder
may be required to withhold U.S. income tax at a rate of 15% of the amount realized upon such disposition. The Company would generally
be classified as a U.S. real property holding corporation if the fair market value of its “United States real property interests”
equals or exceeds 50% of the sum of the fair market value of its worldwide real property interests plus its other assets used or held
for use in a trade or business, as determined for U.S. federal income tax purposes. The Company does not expect to be classified as a
U.S. real property holding corporation immediately after the Domestication.

| III) | Information Reporting  
 and Backup Withholding |

A Non-U.S. Holder that
holds New Almonty Shares within the U.S. or through certain U.S.-related brokers may be subject to information reporting and possible
backup withholding with respect to dividend payments on, and proceeds from the sale, exchange or redemption of, such New Almonty Shares.
A Non-U.S. Holder generally may eliminate the requirement for information reporting and backup withholding by providing certification
of its foreign status, under penalties of perjury, on a duly executed applicable IRS Form W-8 or by otherwise establishing an exemption.

Backup withholding
is not an additional tax. Any amounts withheld under the backup withholding rules may be allowed as a refund or a credit against a Non-U.S.
Holder’s U.S. federal income tax liability, provided the required information is timely furnished to the IRS.

| 145 |

| IV) | Additional Withholding                   
 Tax on Payments Made to Foreign Accounts |

Sections 1471 through
1474 of the Code and the Treasury Regulations and administrative guidance promulgated thereunder (commonly referred to as “FATCA”)
generally impose withholding at a rate of 30% in certain circumstances with respect to “withholdable payments” which are
held by or through certain non-U.S. financial institutions (including investment funds), as a beneficial owner or as an intermediary,
unless any such institution (i) enters into, and complies with, an agreement with the IRS to report, on an annual basis, information
with respect to interests in, and accounts maintained by, the institution that are owned be certain U