Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 84

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 84
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 2611.00.60, and 2825.90.30, are specifically excluded from the new tariff measures. The Company
believes that this exemption reinforces the strategic importance of tungsten within critical mineral supply chains and supports the stability
of Almonty’s access to U.S. markets.

| 47 |

On March 20, 2025,
Almonty announced it had appointed General Gustave F. Perna (U.S. Army, Retired) to its Board of Directors. General Perna previously
served as Commander of the U.S. Army Materiel Command and co-led Operation Warp Speed. His extensive experience in logistics, operational
management, and defense supply chains is expected to strengthen the Company’s strategic positioning within the critical materials
sector, particularly in defense-related markets.

On March 18, 2025,
Almonty announced it had entered into a strategic partnership with American Defense International, Inc., a leading U.S.-based government
affairs and consulting firm specializing in defense and national security. Through this partnership, Almonty aims to further its engagement
with U.S. government agencies and defense sector participants to support its strategic objective of becoming a preferred supplier of
critical minerals, including tungsten, for national security and industrial applications.

<div align='center'>MANAGEMENT</div>

Executive Officers,
Directors and Senior Management

The following table
sets forth the name, age and position of each of our executive officers, directors and senior management as of the date of this prospectus.
The business address of our executive officers and directors is our office address at 100 King Street West, Suite 5700, Toronto,
Ontario, M5X 1C7.

| Name                    |     | Residence  |     | Position                                        |
| Lewis                   
 Black                   |     | New        
 York, USA  |     | Chairman,                                       
 President, Chief Executive Officer and Director |
| Mark                    
 Gelmon                  |     | Vancouver, 
 Canada     |     | Chief                                           
 Financial Officer                               |
| Mark                    
 Trachuk (1)(2)          |     | Toronto,   
 Canada     |     | Lead                                            
 Director                                        |
| Daniel                  
 D’Amato (2)             |     | Paris,     
 France     |     | Director                                        |
| Dr.                     
 Thomas Gutschlag (1)(2) |     | Mannheim,  
 Germany    |     | Director                                        |
| Andrew                  
 Frazer                  |     | Dalkeith,