Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 193

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 193
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 disposition (or, if the Common Shares are traded on an “established securities market” at such time, in the case of cash basis and electing accrual basis U.S. Holders, the settlement date). A U.S. Holder that does not determine the amount realized using the spot exchange rate on the settlement date will recognize currency gain or loss if the U.S. dollar value of the currency received at the spot rate on the settlement date differs from the amount realized. A U.S. Holder will have a tax basis in the currency received equal to its U.S. dollar value at the spot rate on the settlement date. Any currency gain or loss realized on the settlement date or on a subsequent conversion or other disposition of the non-U.S. currency received for a different U.S. dollar amount generally will be U.S. source ordinary income or loss. If an accrual basis U.S. Holder makes the election described above, it must be applied consistently from year to year and cannot be revoked without the consent of the IRS. A U.S. Holder should consult its own tax advisors regarding the treatment of any foreign currency gain or loss realized with respect to currency other than U.S. dollars received in a sale or other disposition of Common Shares.

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Passive Foreign
Investment Company Considerations Prior to the Domestication

Special U.S. federal
income tax rules apply to U.S. persons owning stock of a PFIC. A foreign corporation will be considered a PFIC for any taxable year in
which, after taking into account the income and assets of the corporation and certain subsidiaries pursuant to the applicable “look
through” rules, either (1) at least 75 percent of its gross income is “passive” income (the “income test”)
or (2) at least 50 percent of the average value of its assets is attributable to assets that produce passive income or are held for the
production of passive income (the “asset test”). For purposes of determining whether a foreign corporation will be considered
a PFIC, such foreign corporation will be treated as holding its proportionate share of the assets and receiving directly its proportionate
share of the income of any other corporation in which it owns, directly or indirectly, at least 25 percent (by value) of the stock. For
this purpose, passive income generally includes, among other things and subject to various exceptions, dividends, interest, certain rents,
royalties and gains from the disposal of passive assets, including income or gain from transactions in