Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 53

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 53
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 to achieve identified and anticipated operating and financial synergies;                   |
| ● | unanticipated                                                                              
 costs;                                                                                     |
| ● | diversion                                                                                  
 of management attention from existing business;                                            |
| ● | potential                                                                                  
 loss of its key employees or the key employees of any business that the Company acquires;  |
| ● | unanticipated                                                                              
 changes in business, industry or general economic conditions that affect the assumptions   
 underlying the acquisition; and                                                            |
| ● | decline                                                                                    
 in the value of acquired properties, companies or securities.                              |

| 29 |

Any one or more
of these factors or other risks could cause the Company not to realize the benefits anticipated to result from the acquisition of properties
or companies and could have a material adverse effect on its ability to grow and on its financial condition.

An important factor
in the success of an acquisition is the ability of the acquirer’s management in managing the Company’s business and that
of the acquired company and, if appropriate, integrating all or part of that company’s business with that of the acquirer. The
integration of two businesses can result in unanticipated operational problems and interruptions, expenses and liabilities, the diversion
of management attention and the loss of key employees and their knowledge.

There can be no
assurance that a business integration will be successful or that it will not adversely affect the business, results of operations, financial
condition or operating results of the acquirer and, as a result, the price of the Company’s publicly traded securities. In addition,
the Company may incur charges related to the acquisition of the acquired company and related to integrating the two companies. There
can be no assurance that the Company, in the case of its recent acquisitions, will not incur additional material charges in the future
to reflect additional costs associated with the acquisition or that all of the benefits expected from the acquisitions will be realized.

While the Company
continues to seek acquisition opportunities consistent with its acquisition and growth strategy, it cannot be certain that it will be
able to identify additional suitable acquisition candidates available for sale at reasonable prices, to consummate any acquisition or
to integrate any acquired business into its operations successfully. Acquisitions may involve a number of special risks, circumstances
or legal liabilities. These and other risks related to acquiring and to operating acquired properties and companies could have a material
adverse effect on results of operations and financial condition. In addition, to acquire properties and companies, the Company may need
to use available cash, incur debt, and issue Common