Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 4

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 4
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 (“CDIs”), with each CDI representing
a single Common Share), and are trading on the Frankfurt Stock Exchange (the “FSE”) under the trading symbol
“ALI”, and the OTCQX market (the “OTCQX”) under the trading symbol “ALMTF”. We have applied
to list our Common Shares (including the Common Shares being distributed hereunder) on the NASDAQ Capital Market (“NASDAQ”)
under the symbol “ALM”. Upon and subject to receipt of all requisite approvals
and the commencement of trading of the Common Shares on the NASDAQ, trading of the Common Shares on the OTCQX will cease. We have also
applied to list the Offered Shares on the TSX. Listing will be subject to the Company fulfilling all of the listing requirements of the
TSX and NASDAQ, as applicable. On l, 2025, being the last full-trading day
prior to the date of this prospectus, the closing price of the Common Shares on the TSX was C$l,
and the closing price of the CDIs on the ASX was A$l.

| Price:                 
 US$l per Offered Share |

|                   |     | Public   
 Offering 
 Price    |      |     | Underwriters’ 
 Fee (1)       |      |     | Net             
 Proceeds to the 
 Company (2)     |      |
| Per Offered Share |     |          | US$l |     |               | US$l |     |                 | US$l |
| Total (3)         |     |          | US$l |     |               | US$l |     |                 | US$l |

Notes:

| (1) | The Company has agreed                                                                                                 
 to pay the Underwriters a cash commission (the “Underwriters’ Fee”)                                                    
 equal to l% of the aggregate purchase                                                                                  
 price paid by the Underwriters to the Company for the Offered Shares. See “Plan                                        
 of Distribution”.                                                                                                      |
| (2) | After deducting the Underwriters’ Fee, but before deducting                                                            
 the expenses of the Offering, which are estimated at US$l and                                                          
 will be paid by the Company from the proceeds of the Offering. The net proceeds payable to the Company will be derived 
 from the sale of the Offered Shares.                                                                                   |
| (3) | The Company has granted the Underwriters an over-allotment                                                             
 option (the “Over-Allotment Option”),