Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 18

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 18
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 FSE and OTCQX symbols |     | Our                                                                                                                       
 Common Shares are listed and posted for trading on the TSX under the                                                      
 trading symbol “AII” and on the ASX under the trading symbol “AII” (in the form of CDIs, with each CDI representing       
 a single Common Share), and are trading on the FSE under the trading symbol “ALI”, and on the OTCQX under the             
 trading symbol “ALMTF.” 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.                                        |

The number of Common Shares to be outstanding after the Offering is based on 195,860,805 Common Shares outstanding as of July 10, 2025. Unless otherwise indicated or context otherwise requires, in this prospectus the number of Common Shares to be outstanding after this Offering includes ●Common Shares to be issued and sold by us in this Offering (assuming no exercise of the Underwriters’ option to purchase up to ●Additional Shares), but excludes:

| ● | 15,897,956                                                                        
 Common Shares issuable upon the exercise of outstanding Common Share options at a 
 weighted average exercise price of C$1.41 per share;                              |

| ● | 3,366,661                                                                                                                     
 Common Shares issuable upon the exercise of outstanding Restricted Share Units at a weighted average exercise price of C$1.63 
 per share;                                                                                                                    |

| ● | 18,068,716                                                                                 
 unallocated Common Shares reserved for future                                              
 issuance under our Omnibus Equity Incentive Plan dated effective as of April 30, 2025, the 
 Third Amended and Restated Incentive Stock Option Plan or                                  
 the Restricted Share Unit Plan;                                                            |

| ● | 25,482,088                                                                               
 Common Shares issuable upon the exercise of convertible debentures at a weighted average 
 exercise price of C$1.06 per share; and                                                  |

| ● | 17,789,846                                                                                 
 Common Shares issuable upon the exercise of warrants and CDI options at a weighted average 
 exercise price of C$1.33 per share.                                                        |

Unless otherwise indicated, this prospectus:

| ● | assumes                                                                                      
 no exercise of the Underwriters’ option to purchase up to an additional ● Common Shares; and |

| ● | reflects                 
 the Share Consolidation. |