Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 60

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 60
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 offerings (including through the sale of securities convertible into equity securities) and may issue additional
equity securities to finance operations, exploration, development, project construction, acquisitions or other projects. The Company
cannot predict the size of future issuances of equity securities or the size and terms of future issuances of debt instruments or other
securities convertible into equity securities or the effect, if any, that future issuances and sales of the Company’s securities
will have on the market price of the Common Shares. Any transaction involving the issuance of previously authorized but unissued Common
Shares, or securities convertible into Common Shares, would result in dilution, possibly substantial, to security holders. Exercises
of presently outstanding convertible securities of the Company may also result in dilution to security holders. See “Consolidated Capitalization”.

The board of directors
of the Company (the “Board”) has the authority to authorize certain offers and sales of additional securities without
the vote of, or prior notice to, shareholders. Based on the need for additional capital to fund expected expenditures and growth, the
Company may issue additional securities to provide such capital. Such additional issuances may involve the issuance of a significant
number of Common Shares at prices less than the current market price for the Common Shares.

Sales of substantial
amounts of the Company’s securities, or the availability of such securities for sale, could adversely affect the prevailing market
prices for the Company’s securities and dilute investors’ earnings per share. A decline in the market prices of Company’s
securities could impair the Company’s ability to raise additional capital through the sale of securities should the Company desire
to do so.

Liquidity of the Market for the Common
Shares

Shareholders of the
Company may be unable to sell significant quantities of Common Shares into the public trading markets without a significant reduction
in the price of their Common Shares, or at all. There can be no assurance that there will be sufficient liquidity of the Common Shares
on the trading market, and that the Company will continue to meet the listing requirements of the TSX and ASX, or the trading requirements
of the FSE, or achieve listing on any other public listing exchange, including the NASDAQ.

Securities or Industry Analysts’
Research

The trading market
for the Common Shares will depend, in part, on the research and reports that securities or industry analysts publish about us or our
business. If one or more of the analysts who cover the Company downgrade our Common Shares or publish inaccurate