Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 44

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 44
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 and facilities, personal injury or death, environmental damage,
delays in mining, monetary losses and legal liability.

Additionally, risks
may arise with respect to the management of tailings and waste rock, mine closure, rehabilitation and management of closed mine sites
(whether the Company operated the mine site or acquired it after operations were conducted by others). Additionally, risks may arise
with respect to the management of tailings and waste rock, mine closure, rehabilitation and management of closed mine sites (whether
the Company operated the mine site or acquired it after operations were conducted by others). While rare, a failure of one of the Company’s
large tailing storage facilities, which are effectively large dams that must be engineered, constructed and monitored to assure structural
stability and avoid leakages or structural collapse, could lead to property damage, environmental harm, or pose safety risks.

In the course of
exploration, development, and production of mineral properties, several risks may be encountered, particularly those involving unexpected
or unusual geological or operating conditions. It is not always possible to fully insure against such risks, and Almonty may decide not
to take out insurance against certain risks due to high premiums or other reasons. Should such liabilities arise, they could reduce or
eliminate any future profitability and result in an increase in costs and a decline in the value of Almonty’s securities.

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While the Company maintains
insurance coverage against various risks, including operational and environmental hazards, such coverage may not adequately protect against
all potential liabilities. Certain risks, including rock bursts, slides, fires, earthquakes or other adverse environmental occurrences,
industrial accidents, labour disputes, political and social instability, technical difficulties due to unusual or unexpected geological
formations, failures of pit walls, shafts, head frames, and/or underground workings, flooding and periodic interruptions due to inclement
or hazardous weather conditions, and geopolitical events, may not be fully insurable (if at all) or may result in coverage limits
being exceeded. In these circumstances, the Company may incur significant costs that could have a material adverse effect on its financial
performance and results of operations. Financial assurances may also be required with respect to closure and rehabilitation costs, may
increase significantly over time and reserved amounts may not be sufficient to address actual obligations at the time of decommissioning
and rehabilitation. Insurance against certain risks may not be available to Almonty at reasonable economic rates or at all. To the extent
that Almonty is subject to liabilities that are