Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 93

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 93
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 the Chair        
 of the Board, by assessing the performance of the Chief Executive Officer and other executive    
 officers and recommending their annual compensation packages and performance objectives to       
 the Board;                                                                                       |

| 52 |

| ● | determining                                                                              
 grants of options to purchase shares of the Company under the Company’s stock option     
 plan and recommending these grants to the Board for approval; and                        |
| ● | reviewing the                                                                            
 adequacy and form of compensation for directors, ensuring that it realistically reflects 
 the responsibilities and risks involved in being a director.                             |

The NCCG Committee
also assists the Board in carrying out its responsibilities by reviewing corporate governance and nomination issues and making recommendations
to the Board, as appropriate. The committee is responsible for identifying individuals 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