Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 62

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 62
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. If some investors
find our Common Shares less attractive as a result, there may be a less active trading market for our Common Shares and our share price
may be more volatile.

Location of the Company, Certain
Directors and Officers and the Material Assets

Substantially all of
the Company’s assets are located outside of the United States and the Company does not currently maintain a permanent place of
business within the United States. In addition, most of the directors and officers are nationals and/or residents of countries other
than the United States, and all or a substantial portion of such persons’ assets are located outside the United States. As a result,
it may be difficult for U.S. litigants to effect service of process or enforce any judgments obtained against the Company or its officers
or directors, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state
thereof. In addition, there is uncertainty as to whether the courts of Canada and other jurisdictions would recognize or enforce judgments
of United States courts obtained against the Company or its directors and officers predicated upon the civil liability provisions of
the securities laws of the United States or any state thereof, or be competent to hear original actions brought in Canada or other jurisdictions
against the Company or its directors and officers predicated upon the securities laws of the United States or any state thereof.

Payment of Dividends

The Company has not
paid any dividends on its Common Shares to date, nor does it contemplate a declaration of payment of dividends until its operations generate
sufficient excess cash flow for distribution as it anticipates that it will reinvest the majority of, if not all, future earnings, if
any, in the development and growth of its business. Therefore, investors may not receive any funds unless they sell their Common Shares,
and investors may be unable to sell their Common Shares on favourable terms or at all. The Company cannot give any assurance of a positive
return on investment or that investors will not lose the entire amount of their investment in Common Shares. Prospective investors seeking
or needing dividend income or liquidity are discouraged from purchasing Common Shares.

Treatment as a “Passive
Foreign Investment Company” (“PFIC”)

Although the Company has not made a
determination in this regard, U.S. investors should be aware that they could be subject to certain adverse U.S. federal income tax consequences
in the event that the Company is classified as a PFIC within the meaning of Section 1297 of the United