Company: ALM
Filing Date: 2025-10-31
Form Type: F-10/A
Source: 0001493152-25-020439
Chunk: 41

Company: Almonty Industries Inc.
Filing Date: 2025-10-31
Form: F-10/A
Chunk 41
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 in good faith with a view to our best interests, or, as the case may be, to the best interests of the other entity for 
 which the individual acted as director or officer or in a similar capacity at our request; and                                      |
| ● | in                                                                                                                                  
 the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, the individual had reasonable 
 grounds for believing that his or her conduct was lawful.                                                                           |

Our by-laws require us to indemnify to the fullest extent permitted by the CBCA each of our current or former directors or officers and each individual who acts or acted at our request as a director or officer, or an individual acting in a similar capacity, of another entity, against all costs, charges and expenses, including, without limitation, an amount paid to settle an action or satisfy a judgment, reasonably incurred by the individual in respect of any civil, criminal, administrative, investigative or other proceeding in which the individual is involved because of his or her association with us or another entity.

Our by-laws authorize us to purchase and maintain insurance for the benefit of each of our current or former directors or officers and each person who acts or acted at our request as a director or officer, or an individual acting in a similar capacity, of another entity.

We have entered into indemnity agreements with our directors and certain officers which provide, among other things, that we will indemnify him or her to the fullest extent permitted by law from and against all liabilities, costs, charges and expenses incurred as a result of his or her actions in the exercise of his or her duties as a director or officer.

We maintain insurance policies relating to certain liabilities that our directors and officers may incur in such capacity.

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that in the opinion of the U.S. Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

| II-1 |

<div align='center'>EXHIBIT INDEX</div>

| Exhibit 
 Number  |     | Description                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 4.1**   |     | Annual Information Form of the Registrant for the fiscal year ended December 31, 2024, dated as of March 20, 2025 (incorporated by reference to Exhibit 4.1 to the