Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 54

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 54
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 Shares or other securities, or a combination of any one or more of these. This could
limit its flexibility to raise capital, to operate, explore and develop its properties and to make additional acquisitions, and could
further dilute and decrease the trading price of the Common Shares. When evaluating an acquisition opportunity, the Company cannot be
certain that it will have correctly identified and managed the risks and costs inherent in the business that it is acquiring.

While at the present
time the Company has no binding agreements, it is always actively pursuing potential acquisitions. The Company can provide no assurance
that any potential transaction will be successfully completed, and, if completed, that the business acquired will be successfully integrated
into its operations. The Company also cannot provide any assurance that if it issues equity securities in connection with an acquisition,
such issuance will not be dilutive. If the Company fails to manage its acquisition and growth strategy successfully, it could have a
material adverse effect on its business, results of operations and financial condition.

Anti-Corruption and Anti-Bribery
Laws

The Company’s
operations are governed by, and involve interactions with, various levels of government in numerous countries. The Company is required
to comply with anti-corruption, anti-bribery and sanctions laws, including the Corruption of Foreign Public Officials Act (Canada),
the Criminal Code Actand Corporations Act(Australia) and, following the Offering, the United States’ Foreign Corrupt Practices Act, as well as similar laws in the countries in which the Company or its contractual counterparties conduct their
business. There has been a general increase in the frequency of enforcement and the severity of penalties under such laws, resulting
in greater scrutiny and punishment of companies convicted of violating these laws. The Company may be found liable for violations by
not only its employees, but also by its third-party agents. Measures that the Company has adopted in attempt to mitigate these
risks may not be effective in ensuring that the Company, its employees or third-party agents will comply strictly with such laws. If
the Company is subject to an enforcement action or is found to be in violation of such laws, this may result in significant penalties,
fines and/or sanctions imposed on the Company which could result in a material adverse effect on the Company’s reputation, financial
performance and results of operations. If the Company chooses to operate in additional foreign jurisdictions in the future, it may become
subject to additional anti-corruption, anti-bribery and sanctions laws in such jurisdictions.

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