Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 58

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 58
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 the
Share Consolidation will increase the market price of our Common Shares by a multiple of any share consolidation ratio, or result in
any permanent or sustained increase in the market price of our Common Shares. The market price of our Common Shares may be affected by
other factors which may be unrelated to the number of shares outstanding, including our business and financial performance, general market
conditions, and prospects for future success.

Use of Proceeds

We currently intend
to allocate the anticipated net proceeds we will receive from the Offering as described under “Use of Proceeds” of
this prospectus. However, our management will have discretion in the actual application of the net proceeds, and we may elect to allocate
proceeds differently from that described in “Use of Proceeds” if management believes it would be in the Company’s
best interests to do so. Further, the application of the proceeds to various items may not necessarily enhance the value of the Offered
Shares. The shareholders of the Company may not agree with the manner in which management chooses to allocate and spend the net proceeds.
Our failure to apply the net proceeds as set forth under “Use of Proceeds”, our failure to achieve our stated business
objectives set forth in such section, or the failure of our management to apply these funds effectively could have a material adverse
effect on our business.

Uncertainty of Gains

An investment in the
Offered Shares is speculative and may result in the loss of an investor’s entire investment. An investment in the Offered Shares
involves a high degree of risk and should be undertaken only by investors whose financial resources are sufficient to enable them to
assume such risks and who have no need for immediate liquidity in their investment. Only potential investors who are experienced in high-risk
investments and who can afford to lose their entire investment should consider an investment in the Company.

Offering Closing Conditions

The completion of the
Offering and the listing on the NASDAQ remain subject to the completion of definitive binding documentation and satisfaction of a number
of conditions, including receipt of regulatory approvals. There can be no certainty that the Offering and the listing on the NASDAQ will
be completed.

Volatility of Trading Price of the
Common Shares

The trading price of
the Common Shares has in the past and will likely continue to fluctuate for several reasons such as production and/or exploration results
or operating results and cash flow, exchange rates, available financing, lack of liquidity and several other factors. It is possible
that the