Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 93

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 93
---
31, 2024.

The principal responsibilities
of our NCCG Committee include: (a) assisting the Board in fulfilling its oversight responsibilities in relation to executive compensation,
management development and succession planning, board compensation, broadly applicable compensation and benefit programs, corporate governance
principles, performance reviews of the Board, committees and directors, nominations to the Board, and structure and composition of Board
committees; (b) reviewing and recommending for approval to the Board the Company and its subsidiaries’ key human resources policies,
compensation and benefits policy and plans, employment agreements of executive officers, and annual compensation packages for executive
officers and non-executive staff; and (c) developing and reviewing annually the Company’s approach to corporate governance matters,
including the Code of Business Conduct, directors and officers insurance policy, management’s succession plan, and the effectiveness
of the Board, its committees, and individual directors.

With respect to the
compensation function, the committee is responsible for all matters pertaining to the appointment, compensation, benefits and termination
of members of our executive officers. The committee reviews our goals and objectives relevant to the compensation of our senior management
team, as well as any annual salary, bonus, pension, severance and termination arrangements and other benefits, direct and indirect, of
our executive officers, and makes recommendations to the Board and/or management, as appropriate.

Specific responsibilities
of the committee relating to the compensation function include, without limitation:

| ● | reviewing and                                                                                    
 recommending for approval to the Board the compensation and benefits policy and plans, including 
 incentive compensation plans for the Company and its subsidiaries, ensuring they align with      
 the Company’s strategic goals and objectives;                                                    |
| ● | evaluating and                                                                                   
 recommending annual compensation packages for executive officers, together with the Chair        
 of the Board, by assessing the performance of the Chief Executive Officer and other executive    
 officers and recommending their annual compensation packages and performance objectives to       
 the Board;                                                                                       |

| 52 |

| ● | determining                                                                              
 grants of options to purchase shares of the Company under the Company’s stock option     
 plan and recommending these grants to the Board for approval; and                        |
| ● | reviewing the                                                                            
 adequacy and form of compensation for directors, ensuring that it realistically reflects 
 the responsibilities and risks involved in being a director.                             |

The NCCG Committee
also assists the Board in carrying out its responsibilities by reviewing corporate governance and nomination issues and making recommendations
to the Board, as appropriate. The committee is responsible for identifying individuals