Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 5

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 5
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 exercisable in whole or in part, at any time and from time                       
 to time, in the sole discretion of the Underwriters, for a period of 30 days from the date of closing of the Offering, 
 to purchase up to l additional Common Shares (the “Additional                                                          
 Shares”) at the same price as set forth above, to cover overallotments, if any, and for market stabilization           
 purposes. See “Plan of Distribution”. If the Over-Allotment Option is exercised in full, the                           
 total public Offering Price, Underwriters’ Fee and net proceeds to the Company (after deducting the Underwriters’      
 Fee but before deducting the expenses of the Offering) will be US$l,                                                   
 US$l and US$l,                                                                                                         
 respectively.                                                                                                          |

The following table
sets out the number of Additional Shares for which the Over-Allotment Option may be exercised:

| Underwriters’ Position |     | Maximum Number of   
 Offered Shares      |     | Exercise Period                               |     | Exercise Price            |
| Over-Allotment Option  |     | l Additional Shares |     | Not later than 30 days after the closing date |     | US$l per Additional Share |

When used herein, unless otherwise indicated or the context otherwise requires, all references to Offered Shares include any Additional
Shares issued in connection with any exercise of the Over-Allotment Option.

In this prospectus, unless otherwise indicated, all dollar amounts and references to “US$” or “USD” are to U.S. dollars, references to “C$” or “$” are to Canadian dollars, references to “€” are to European euros, and references to “A$” are to Australian dollars.

The Underwriters, as
principals, conditionally offer the Offered Shares, subject to prior sale, if, as and when issued by the Company, and accepted by the
Underwriters, in accordance with the conditions contained in the Underwriting Agreement described under “Plan of Distribution”.

Delivery of the Offered
Shares will be made on or about l, 2025 (the “Closing”).

|                    | Joint          
 Bookrunners    |
| Oppenheimer        
 & Co.       Cantor |                |
|                    | Lead           
 Manager        |
|                    | D.A.           
 Davidson & Co. |
|                    | Co-Manager     |
|                    | Scotia bank    |

A purchaser who acquires
Offered Shares forming part of the