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

Company: Almonty Industries Inc.
Filing Date: 2025-10-31
Form: F-10/A
Chunk 25
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 receipt of applicable stock exchange approval. The Company also announced that, in a separate transaction, pursuant to a share purchase agreement, the Company has agreed to acquire the shares of a privately held Montana corporation holding a number of assets including, but not limited to, a plant permit, water rights and tungsten mining equipment for use in the processing of tungsten from the Gentung Browns Lake Tungsten Project for US$250,000 in cash. The consideration will be paid by the Company with cash on hand. The closing of the transaction contemplated by the share purchase agreement is conditional on the acquisition of the Gentung Browns Lake Tungsten Project.

<div align='center'>MINERAL PROJECTS</div>

For additional information about the Company’s Mineral Projects, please refer to the section entitled “Mineral Projects” at pages 59 to 129 of the Company’s supplemented short form PREP prospectus dated July 11, 2025 and filed on July 14, 2025, which is available electronically under the Company’s profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.

<div align='center'>CONSOLIDATED CAPITALIZATION</div>

The applicable Prospectus Supplement will describe any material change, and the effect of such material change, on the share and loan capitalization of the Company that will result from the issuance of Securities pursuant to such Prospectus Supplement.

As at June 30, 2025, the date of the Company’s most recently filed financial statements, being the Q2 Financial Statements, there were 195,860,805 Common Shares issued and outstanding (including CDIs), as well as 17,789,846 Warrants (which include CDI options) to acquire Common Shares, and 15,897,956 stock options (“ Options”), which, if exercised, would result in an additional 17,789,846 and 15,897,956 Common Shares, respectively. Moreover, 3,366,661 restricted share units(“ RSUs”) were outstanding.

As of the date of this Prospectus, there are 231,442,570 Common Shares issued and outstanding, as well as 9,403,368 Warrants to acquire Common Shares and 7,597,973 Options outstanding which, if exercised, would result in the issuance of an additional 9,403,368 and 7,597,973 Common Shares, respectively. Moreover, 3,277,773 RSUs are outstanding.

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On July