Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 19

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 19
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 the mining industry, which is subject to numerous significant risks that can influence profitability. Investing in our securities involves a high degree of risk. In addition to the other information included or incorporated by reference in this prospectus, potential investors and readers should carefully consider the risk factors set out below which the Company believes to be the most significant and that could have a material impact on its current and future operations. If any of the following risks actually occur, our business, financial condition, financial performance and prospects could materially suffer. As a result, the trading price of our securities, including our Common Shares, could decline, and you might lose all or part of your investment. The risks and uncertainties set out below or elsewhere in this prospectus and the documents incorporated by reference herein are not the only ones facing the Company. Risks and uncertainties not currently known to us or that we currently deem to be immaterial may also materially and adversely affect our business, financial condition, financial performance and prospects. You should also refer to the other information set forth or incorporated by reference in this prospectus, including our consolidated financial statements and related notes and the risk factors discussed under the heading “Risk Factors” in the Company’s most recently filed annual information form, available on the System for Electronic Data Analysis and Retrieval + (“ SEDAR+”) at www.sedarplus.comand on the SEC’s Electronic Data Gathering and Retrieval System (“ EDGAR”) at www.sec.govas such risk factors may be modified herein. The risks discussed below also contain forward-looking statements, and our actual results may differ materially from those discussed in these forward-looking statements. See “Cautionary Note Regarding Forward-Looking Statements”.

Financial Risks

Ability to Continue as a Going Concern

The Company faces
risks related to its ability to continue as a going concern. The Company’s financial stability is contingent upon its ability to
manage substantial long-term debt, secure additional financing, and generate sufficient cash flows from its operations. Notably, the
Company’s operations and development projects, including the Sangdong Mine, are capital-intensive and subject to various risks,
including delays, cost overruns, and regulatory challenges. Any adverse developments in these projects could impact the Company’s
cash flow and ability to meet its financial obligations. While the Company has been actively managing its financial position and securing
necessary financing to support its operations and its current forecast indicates that it will have sufficient cash flows from operations
and from financings to continue as a going concern and settle obligations as they come due, any