Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 13

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 13
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 the Company with respect to not paying dividends recently and anticipation of not paying          
 dividends in the immediate future; and                                                            |
| ● | risks that the                                                                                    
 Company could in the future be classified as a ‘passive foreign investment company’,              
 which could have adverse U.S. federal income tax consequences for U.S. holders of Common          
 Shares.                                                                                           |

Should one or more
of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from
those described herein. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements.
Forward-looking statements are statements about the future and are inherently uncertain and actual achievements of the Company or other
future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties
and other factors, including without limitation, those referred to in this prospectus under the heading “Risk Factors”
and documents incorporated by reference herein. Each of these forward-looking statements speaks only as of the date such statements were
made. The Company’s forward-looking statements are based on the reasonable beliefs, expectations and opinions of management on
the date the statements are made and, other than as required by applicable securities laws, the Company does not assume any obligation
to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change. For the
reasons set forth above, investors should not attribute undue certainty to or place undue reliance on forward-looking statements. The
forward-looking statements included and incorporated by reference herein are presented for the purpose of assisting investors in understanding
our expected financial and operational performance and results as at and for the periods ended on the dates presented in our plans and
objectives and may not be appropriate for other purposes.

| 5 |

<div align='center'>PROSPECTUS
SUMMARY</div>

This summary highlights principal features of the Offering and selected information contained elsewhere in this prospectus. This summary does not contain all the information that you should consider before deciding to invest in our Common Shares. You should read the entire prospectus carefully and the documents incorporated by reference herein, especially the “Risk Factors” and our financial statements and related notes to those financial statements, appearing elsewhere in this prospectus, before making an investment decision. Capitalized terms used but not defined in this prospectus summary are defined elsewhere in this prospectus.

Our Business

We are a leading
producer of tungsten concentrate, primarily for the defense industry, with plans to vertically