Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 9

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 9
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US$” or “USD” are to U.S. dollars, references
to “C$” or “$” are to Canadian dollars, references to “€” are to European euros, and references
to “A$” are to Australian dollars. This prospectus and the documents incorporated by reference contain translations of some
Canadian dollar amounts into U.S. dollars solely for your convenience. See “Exchange Rate Information”.

Neither we nor any
of the Underwriters have taken any action to permit a public offering of our Common Shares or the possession or distribution of this
prospectus in any jurisdiction where action for that purpose is required, other than the United States. You are required to inform yourselves
about and to observe any restrictions relating to this Offering and the distribution of this prospectus.

Information contained in this prospectus should not be construed as legal, tax or financial advice and readers are urged to consult their own professional advisors in connection therewith.

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<div align='center'>CAUTIONARY NOTE
TO UNITED STATES INVESTORS</div>

We are permitted under
a multijurisdictional disclosure system adopted by the securities regulatory authorities in Canada and the United States to prepare this
prospectus, including the documents incorporated by reference, in accordance with the requirements of Canadian securities laws, which
differ from the requirements of United States securities laws.

Unless otherwise indicated,
the technical disclosure regarding our properties included or incorporated by reference herein, including all mineral resource estimates
contained in such technical disclosure, has been prepared in accordance with the requirements of National Instrument 43-101 — Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum
(the “CIM”) – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council,
as amended (the “CIM Definition Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators
that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

Canadian standards,
including NI 43-101, differ significantly from the disclosure requirements of the SEC under subpart 1300 of Regulation S-K (the “SEC Modernization Rules”). The Company is not required to provide disclosure on its mineral properties under the SEC Modernization
Rules and provides disclosure under NI 43-101 and the CIM Definition Standards. Accordingly, information contained in this prospectus,
or the documents incorporated by reference herein, may differ significantly from the information