Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 50

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 50
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allocate resources to compliance, and adopt new technologies. Inability to anticipate or respond to changes, obtain regulatory approvals,
or maintain community support could affect Almonty’s access to resources, output levels, and long-term competitiveness.

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Costs of Land Reclamation

Reclamation is the
responsibility of the mine operator and in some cases the Company is responsible for early-stage exploration reclamation. Given the Company’s
mix of producing, developing, and care-and-maintenance assets in multiple jurisdictions, it is difficult to determine the exact amounts
which will be required to complete all land reclamation activities in connection with the properties in which the Company holds an interest.
Reclamation bonds and other forms of financial assurance represent only a portion of the total amount of money that will be spent on
reclamation activities over the life of a mine. Accordingly, it may be necessary to revise planned expenditures and operating plans in
order to fund reclamation activities. Such revisions could be required on a site-specific basis, particularly where operational plans
or mine life estimates are modified. Such costs may have a material adverse impact upon the financial condition and results of operations
of the Company.

Technological Obsolescence

Our ability to remain
competitive depends on the adoption of advanced mining and processing technologies. Failure to innovate or integrate new technologies
could lead to inefficiencies, higher costs, and diminished competitiveness. The capital-intensive nature of technological upgrades poses
additional financial risks, especially if investments do not yield the expected returns.

Management of Growth

Almonty may be subject
to growth-related risks including capacity constraints and pressure on its internal systems and controls. The ability of Almonty to manage
growth effectively will require it to continue to implement and improve its operational and financial systems and to expand, train and
manage its employee base. The inability of Almonty to deal with this growth could have a material adverse effect on its business, operations
and prospects.

Cybersecurity and Data Protection

The Company relies on its information technology
systems, including its networks, equipment, hardware, software, telecommunications and other information technology (collectively, “IT Systems”), and the IT Systems of its vendors and third-party service providers, to operate its business. IT Systems are subject
to an increasing threat of risks from sources including computer viruses, cyber-attacks, ransom ware, malware, security breaches, power
loss, system disruptions, natural disasters, defects in design and other manipulation or improper use. These risks are evolving as IT
Systems and cybersecurity