Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 185

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 185
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7302 |     |                      0.6968 |

Except as indicated otherwise herein, U.S. dollar exchange rate information is based on the daily exchange rate of the U.S. dollar on July 10, 2025 as quoted by the Bank of Canada, being C$1.00 = US$0.7308 (US$1.00 = C$1.3683).

The following table sets forth for each of the periods indicated: (i) the exchange rates in effect at the end of the period; (ii) the high exchange rate during such period; (iii) the low exchange rate during such period; and (iv) the average exchange rates for such period, for one Canadian dollar, expressed in Euros, as quoted by the Bank of Canada.

|         |     |                    Year 
 ended December 31, 2023 |     |                    Year 
 ended December 31, 2024 |     |                           3 
 months ended March 31, 2025 |
|:--------|:----|------------------------:|:----|------------------------:|:----|----------------------------:|
| End     |     |                  0.6837 |     |                  0.6699 |     |                      0.6435 |
| High    |     |                  0.7037 |     |                  0.6901 |     |                      0.6796 |
| Low     |     |                  0.6643 |     |                  0.6605 |     |                      0.6335 |
| Average |     |                  0.6852 |     |                  0.6750 |     |                      0.6621 |

Except as indicated otherwise herein, Euro exchange rate information is based on the daily exchange rate of the Euro on July 10, 2025 as quoted by the Bank of Canada, being C$1.00 = €0.6251 (€1.00 = C$1.5998).

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<div align='center'>MARKET FOR SECURITIES</div>

On July 3, 2025, we effected a 1.5-to-1 consolidation of our Common Shares and our Common Shares commenced trading on a post-consolidated basis on July 7, 2025. The consolidation was approved by our shareholders on April 30, 2025 at our annual general and special meeting of shareholders. Except where otherwise noted, all information in this