Company: ALM
Filing Date: 2025-10-22
Form Type: F-10
Source: 0001493152-25-018900
Chunk: 28

Company: Almonty Industries Inc.
Filing Date: 2025-10-22
Form: F-10
Chunk 28
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 Securities 
 to be issued upon exercise of the Warrants; and                                                    |
| xiv.  | any                                                                                                
 other material terms or conditions of the Warrants and the Securities to be issued upon exercise   
 of the Warrants.                                                                                   |

The terms and provisions of any Warrants offered under a Prospectus Supplement may differ from the terms described above, and may not be subject to or contain any or all of the terms described above.

Prior to the exercise of any Warrants, holders of such Warrants will not have any of the rights of holders of the Securities purchasable upon such exercise, including the right to receive payments of dividends or the right to vote such underlying securities.

Subscription Receipts

The following sets forth certain general terms and provisions of the Subscription Receipts. The Company may issue Subscription Receipts that may be exchanged by the holders thereof for other Securities upon the satisfaction of certain conditions.

Subscription Receipts may be offered separately or together with Debt Securities, Common Shares, Preferred Shares, Warrants or Units or any combination thereof, as the case may be. The Subscription Receipts will be issued under a subscription receipt agreement.

The specific terms and provisions that will apply to any Subscription Receipts that may be offered by us pursuant to this Prospectus will be set forth in the applicable Prospectus Supplement and the extent to which the general terms described below apply to those Subscription Receipts, will be described in such Prospectus Supplement. This description will include, where applicable:

| i.   | the                                                                                          
 number of Subscription Receipts offered;                                                     |
| ii.  | the                                                                                          
 price or prices, if any, at which the Subscription Receipts will be issued;                  |
| iii. | the                                                                                          
 manner of determining the offering price(s);                                                 |
| iv.  | the                                                                                          
 currency at which the Subscription Receipts will be offered and whether the price is payable 
 in installments;                                                                             |

| 14 |

| v.     | the                                                                                                
 Securities into which the Subscription Receipts may be exchanged;                                  |
| vi.    | conditions                                                                                         
 to the exchange of Subscription Receipts into other Securities and the consequences of such        
 conditions not being satisfied;                                                                    |
| vii.   | the                                                                                                
 number of Securities that may be issued upon the exchange of each Subscription Receipt and         
 the price per Security or the aggregate principal amount, denominations and terms of the           
 series of Debt Securities that may be issued upon exchange of the Subscription Receipts,           
 and the events or conditions under which