Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 41

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 41
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 process. Although the Company has taken reasonable measures to ensure
that its property titles are valid, including receiving a title opinion from South Korean counsel with respect to certain mineral rights,
there is no certainty that the property titles will not be challenged or questioned. Third parties may have valid claims on underlying
portions of the Company’s interests, including prior unregistered liens, agreements, transfers or claims, including land claims
to the lands immediately adjacent to the Company’s leased lands, and title may be affected by, among other things, undetected defects.
In addition, the Company may be unable to conduct its operations on one or more of its properties as currently anticipated or permitted
or to enforce its rights in respect of its properties.

Laws and Regulations

The Company’s mining and mineral processing
operations, exploration activities and properties are subject to the laws and regulations of federal, provincial, territorial, state
and local governments in the jurisdictions in which the Company operates and the receipt of, and compliance with, applicable permits.
These laws, regulations and permits are extensive and govern prospecting, exploration, development, production, exports, taxes, labour
standards, occupational health and safety, waste disposal and tailings management, toxic substances, environmental protection, mine safety,
reporting of payments to governments and other matters. Compliance with such laws, regulations and permits can be extremely time consuming,
and may increase the costs of planning, designing, drilling, developing, constructing, operating, managing, closing, reclaiming and rehabilitating
mines and other facilities.

Parties engaged
in mining operations may be required to compensate those suffering loss or damage by reason of the mining activities and may be liable
for civil or criminal fines or penalties imposed for violations of applicable laws or regulations. The Company cannot give any assurances
that such notices, notices received in the future or other regulatory actions will not result in material fines or require or otherwise
result in the Company taking actions that have a material effect on its business, financial conditions or results of operations.

Amendments to current
laws, regulations and permitting requirements, or more stringent application of existing laws, could have a material adverse effect on
Almonty and cause increases in capital expenditures or production costs or reductions in levels of production at producing properties
or require abandonment or delays in development of properties.

In addition, current laws and regulations are
subject to change from time to time. Any change in laws and government regulations or the implementation of new regulations or the modification
of existing regulations affecting the tungsten