Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 58

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 58
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 degree of risk and should be undertaken only by investors whose financial resources are sufficient to enable them to
assume such risks and who have no need for immediate liquidity in their investment. Only potential investors who are experienced in high-risk
investments and who can afford to lose their entire investment should consider an investment in the Company.

Offering Closing Conditions

The completion of the
Offering and the listing on the NASDAQ remain subject to the completion of definitive binding documentation and satisfaction of a number
of conditions, including receipt of regulatory approvals. There can be no certainty that the Offering and the listing on the NASDAQ will
be completed.

Volatility of Trading Price of the
Common Shares

The trading price of
the Common Shares has in the past and will likely continue to fluctuate for several reasons such as production and/or exploration results
or operating results and cash flow, exchange rates, available financing, lack of liquidity and several other factors. It is possible
that the price of a Common Share may experience significant fluctuations and that such price might be less than the actual price paid
by an investor. In addition, publicly quoted securities are subject to a relatively high degree of price volatility. It should be expected
that continued fluctuations in price will occur, and no assurances can be made as to whether the price per share will increase or decrease
in the future. In recent years, the securities markets in the United States, Canada and Australia have experienced a high level of price
and volume volatility, and the market price of many companies have experienced wide fluctuations in price which have not necessarily
been related to the operating performance, underlying asset values or prospects of such companies. The factors influencing such volatility
include pandemics, events affecting economic circumstances in Canada, the United States, Australia and elsewhere, including inflation,
war or other territorial disputes, trends in the mining industry and the markets in which the Company operates, purchases or sales of
large blocks of Common Shares or securities convertible into or exchangeable for the Common Shares, and market perceptions of the attractiveness
of particular industries. The price of the Common Shares is also likely to be significantly affected by short-term changes in prices
for tungsten and other metals and commodities, currency exchange fluctuations and the Company’s financial condition or results
of operations as reflected in its earnings reports. Other factors unrelated to the performance of the Company that may have an effect
on the price of the Common Shares include the following: the extent of analyst coverage available to investors concerning the business
of the Company may be limited if investment banks