Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 194

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 194
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 commodities that is not derived
from the active conduct of a commodities business as a producer, processor, merchant or handler of commodities (within the meaning of
applicable regulations). Whether the Company is a PFIC is a factual determination made annually, and the Company’s status could
change depending on, among other things, changes in the composition and relative value of its gross receipts and assets and the manner
in which its business is conducted. Because the market value of the Company’s assets (including for this purpose, goodwill) may
be measured in large part by the market price of the Common Shares, which is likely to fluctuate, no assurance can be given that the
Company will not be a PFIC in the current year or in any future taxable year.

The Company has not
made a determination of whether it is or ever has been a PFIC for U.S. federal income tax purposes. Accordingly, it is possible that
the Company is or has been a PFIC for U.S. federal income tax purposes, and we may be treated as a PFIC for U.S. federal income tax purposes
in subsequent years. If we were to be classified as a PFIC, a U.S. Holder that does not make any of the elections described below would
be required to report any gain on the disposition of any of our Common Shares as ordinary income, rather than as capital gain, and to
compute the tax liability on the gain and any “Excess Distribution” (as defined below) received with respect to our Common
Shares as if such items had been earned rateably over each day in the U.S. Holder’s holding period (or a portion thereof) for the
shares. The amounts allocated to the taxable year during which the gain is realized or distribution is made would be included in the
U.S. Holder’s gross income as ordinary income for the taxable year of the gain or distribution. The amount allocated to each other
taxable year in which we were a PFIC would be taxed as ordinary income in the taxable year during which the gain is realized or distribution
is made at the highest tax rate in effect for the U.S. Holder in that other taxable year and would be subject to an interest charge as
if the income tax liabilities had been due with respect to each such prior year. An “Excess Distribution” generally would
be any distribution to a U.S. Holder with respect to Common Shares during a single taxable year that is greater than 125% of the average
annual distributions received by