Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 56

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 56
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range of sanctions, trade restrictions, and other measures have been imposed on Russia by the international community, and many businesses
have withdrawn from the Russian market. The continuation or potential escalation of the conflict may further disrupt global supply chains,
impact commodity markets, create inflationary pressures, and affect financial markets.

While the Company does not maintain direct operations
in Russia or Ukraine, it may be indirectly affected by broader economic consequences arising from the conflict, including changes in
the availability and cost of materials, transportation disruptions, and potential shifts in customer demand. The extent and duration
of these impacts remain uncertain.

Management has taken
measures intended to support the ongoing sustainability of the Company’s operations. However, given the evolving nature of the
conflict and the uncertainty regarding future developments, including the potential for further sanctions, regulatory changes, or economic
disruption, the conflict could adversely affect the Company’s business, financial condition, and results of operations in ways
that cannot currently be predicted.

Risks Related to Almonty’s Redomiciling to the United States

As disclosed previously,
Almonty announced its plans to change its jurisdiction of incorporation from Canada to the State of Delaware. There are certain risks
related to such redomiciling and the arrangement pursuant to which the redomiciling will be accomplished (the “Arrangement”).

Disruptions to Our Business

If the Company effects
its redomiciling from Canada to the United States, we anticipate significant increases in legal, accounting and other expenses. Such
redomiciling may require a significant amount of time, cost and focus from management and other employees, which may divert attention
from our commercial activities. In addition to shareholder approval, such redomiciling will require approval by the NASDAQ. As a U.S.
public company, we would no longer be able to take advantage of Canadian rules and would be subject to additional governance and disclosure
requirements, including NASDAQ requirements and the reporting requirements of the Exchange Act and the Sarbanes-Oxley Act. If any reincorporation
activities we undertake in the future fail to achieve some or all of the expected benefits therefrom, our business, results of operations
and financial condition could be materially and adversely affected.

Canadian Corporate Tax Risk

For Canadian tax
purposes, on the date of the Arrangement we will be deemed to have a year end and to have disposed of all of our property for proceeds
equal to the fair market value of that property. We will also be subject to an additional corporate emigration tax imposed