Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 83

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 83
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 critical minerals, highlighting the strategic relevance of the Sangdong Mine and the Company’s planned Domestication.
The Committee also expressed interest in ongoing engagement and potential collaboration with Almonty to support the U.S. defense industrial
base, including supply chain integration with American defense contractors and potential contributions to the U.S. National Defense Stockpile.

On May 30, 2025, Almonty
announced it had appointed Alan Estevez to its Board of Directors. Mr. Estevez most recently served as the U.S. Under Secretary of Commerce
for Industry and Security. Prior to this, he held senior roles within the U.S. Department of Defense, including Principal Deputy Under
Secretary of Defense for Acquisition, Technology, and Logistics. Mr. Estevez brings extensive expertise in national security, defense
logistics, and strategic trade matters relevant to the critical minerals sector.

On May 7, 2025, Almonty
announced it had entered into a binding Off-take Agreement with TPW and Metal-Tech to supply a minimum of 40 metric tonnes of tungsten
oxide per month exclusively for U.S. defense applications. Under this agreement, all tungsten oxide provided by Almonty will be processed
into tungsten metal powder for use in U.S. defense production programs, including missile, drone, and ordnance systems. The agreement,
which commences upon Almonty’s initial production of commercially saleable tungsten oxide from the Tungsten Oxide Facility, has
a three-year term with automatic annual renewals and features a hard floor price with no cap on the upside.

On April 17, 2025,
Almonty announced it was invited to participate in the U.S. Critical Minerals Forum, a high-level initiative funded by the Defense Advanced
Research Projects Agency (DARPA). The Forum brings together key stakeholders from industry, academia, and government to support the development
of secure and sustainable supply chains for critical materials. Almonty’s participation reflects its role in the responsible sourcing
and production of tungsten, a mineral identified as critical to U.S. national defense and innovation objectives.

On April 4, 2025, Almonty
confirmed that, based on current information, the recent Executive Order issued by the United States government concerning reciprocal
tariffs on specific goods does not impact its tungsten products. Almonty’s tungsten ore, concentrates, oxides, and related materials,
classified under HTS codes 2611.00.30,