Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 57

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 57
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 for the purposes of the special meeting of the shareholders
of the Company held on February 27, 2025.

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Risks Related to the Offering and the Company’s Securities

The Share Consolidation may not increase the price of our Common Shares over the long-term

On July 3, 2025,
the Company effected the Share Consolidation for the reasons disclosed in the management information circular dated March 21, 2025,
including with the view of ensuring the Common Shares meet the minimum stock price standards of NASDAQ. However, the effect of the Share
Consolidation on the market price of our Common Shares cannot be predicted with any certainty, and we cannot assure that the Share Consolidation
will accomplish this objective for any meaningful period of time, or at all. While we expect that the reduction in the number of outstanding
shares of Common Shares will proportionally increase the market price of our Common Shares, we cannot assure investors that the
Share Consolidation will increase the market price of our Common Shares by a multiple of any share consolidation ratio, or result in
any permanent or sustained increase in the market price of our Common Shares. The market price of our Common Shares may be affected by
other factors which may be unrelated to the number of shares outstanding, including our business and financial performance, general market
conditions, and prospects for future success.

Use of Proceeds

We currently intend
to allocate the anticipated net proceeds we will receive from the Offering as described under “Use of Proceeds” of
this prospectus. However, our management will have discretion in the actual application of the net proceeds, and we may elect to allocate
proceeds differently from that described in “Use of Proceeds” if management believes it would be in the Company’s
best interests to do so. Further, the application of the proceeds to various items may not necessarily enhance the value of the Offered
Shares. The shareholders of the Company may not agree with the manner in which management chooses to allocate and spend the net proceeds.
Our failure to apply the net proceeds as set forth under “Use of Proceeds”, our failure to achieve our stated business
objectives set forth in such section, or the failure of our management to apply these funds effectively could have a material adverse
effect on our business.

Uncertainty of Gains

An investment in the
Offered Shares is speculative and may result in the loss of an investor’s entire investment. An investment in the Offered Shares
involves a high