Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 94

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 94
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 qualified to become directors, recommending to
the Board proposed nominees for election to the Board and overseeing the Board’s overall approach to governance, board processes
and leadership.

Specific responsibilities
of the committee relating to the corporate governance and nominating function include, without limitation:

| ● | developing and                                                                                     
 reviewing annually the Company’s approach to corporate governance matters, including               
 making recommendations to the Board to ensure appropriate and proper corporate governance          
 practices are followed;                                                                            |
| ● | reviewing and                                                                                      
 recommending for approval to the Board reports and disclosures concerning the Company’s            
 corporate governance practices and policies as required by applicable securities laws, rules,      
 or guidelines;                                                                                     |
| ● | developing criteria                                                                                
 for the selection of directors or appointment of executive officers and procedures to identify     
 possible nominees or candidates, considering factors such as independence, experience, background, 
 and regulatory requirements; and                                                                   |
| ● | assessing the                                                                                      
 effectiveness of the Board as a whole, the committees of the Board, and the contribution           
 of each individual director, making periodic reports to the Board regarding the same.              |

NASDAQ
Requirements

NASDAQ Rule 5615(a)(3)
permits a foreign private issuer to follow its home country practice in lieu of certain of the requirements of the Rule 5600 Series.
However, a foreign private issuer that follows a home country practice in lieu of one or more provisions of the NASDAQ listing rules
is required to disclose in its registration statement related to its initial public offering or first United States listing on NASDAQ,
or on its website, each such requirement that it does not follow and describe the home country practice followed by the issuer in lieu
of those requirements. Note, however, that if we redomicile in the United States, we will be required to follow the following NASDAQ
requirements.

We do not follow the
following NASDAQ requirements:

| ● | We do not follow                                                                                  
 Rule 5605(c), Rule 5605(d) and Rule 5605(e) regarding the elements that must be included          
 in charters for audit, compensation and nomination committees, but instead follow our home        
 country practice.                                                                                 |
| ● | We do not follow                                                                                  
 Rule 5605(d)(2), but instead follow our home country practice. The NASDAQ requirement under       
 Rule 5605(d)(2) is for each member of a compensation committee to be an independent director      
 as defined under Rule 5605(a)(2). Mr. D’Amato is a member of the