Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 51

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 51
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 attacks or breaches become more sophisticated and prevalent. These cyber-attacks are also becoming increasingly
sophisticated through the use of artificial intelligence and machine learning tools and tactics and are often well-funded, including
in some cases by state sponsors. These disruptions may also occur for non-malicious reasons, such as the widespread server-related outages
caused by CrowdStrike’s defective software update in July 2024. Any of these occurrences may result in, among other things, unauthorized
access or damage to, or temporary or permanent disruption or failure of, one or more of the Company’s IT Systems (collectively,
“IT Disruptions”).

The Company’s operations depend on the
timely maintenance, upgrade and replacement of its IT Systems, as well as expenditures to mitigate cybersecurity risks and the possibility
of IT Disruptions. Increasingly, the operating and control systems at the Company’s mines and projects rely on IT Systems to monitor
and optimize performance, as the Company continues to adopt remotely controlled mining techniques and electrify its equipment. The Company’s
financial control and accounting systems depend on its IT Systems and its workforce increasingly works remotely, which has further increased
the Company’s reliance on its IT Systems and associated risks. Adoption of new technology that promotes operational efficiency,
such as the use of artificial intelligence, fleet electrification and autonomous vehicles, may further expose the Company’s IT
Systems to risk. As the Company’s use of IT Systems increases and evolves and cybersecurity attacks become more sophisticated or
pervasive, the Company may have to incur significant costs to upgrade its IT Systems to protect against IT Disruptions. New or improved
IT Systems that the Company procures may have defects, not be installed properly or not integrate with its other IT Systems.

Third-party vendors and service providers (including
information technology service providers) may themselves be victims of IT Disruptions which may have an adverse consequential impact
on the Company and its operations. For example, in July 2024, many companies experienced significant operational issues as a result of
server-related outages caused CrowdStrike’s defective software update.

The occurrence of one or more IT Disruptions
could have effects, including damage to the Company’s equipment, including mining equipment, production downtimes,
operational delays, loss or corruption of data, compromise of confidential or otherwise protected information, delay
in the delivery of supplies and services, increased health and safety risks, increases in capital expenditures,
loss of production, accidental discharge of regulated materials, expensive remediation efforts, distraction of management