Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 202

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 202
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 be no assurance that the IRS will agree with the Company’s determination of such earnings and
profits. If the IRS does not agree with such earnings and profits calculations, the earnings and profits of the Company may be
greater than reported on the Company’s website (as described above). In such case, a U.S. Holder that makes an “all
earnings and profits” election or a 10% U.S. Holder could have a positive (or a more positive than anticipated) “all
earnings and profits amount” in respect of such U.S. Holder’s shares and thereby recognize greater taxable income.

U.S. HOLDERS ARE STRONGLY URGED TO CONSULT THEIR OWN TAX ADVISORS REGARDING THE U.S. FEDERAL INCOME TAX TREATMENT OF THE DOMESTICATION, WHETHER TO MAKE THE “ALL EARNINGS AND PROFITS” ELECTION DESCRIBED ABOVE AND, IF THE ELECTION IS DETERMINED TO BE ADVISABLE, THE APPROPRIATE FILING REQUIREMENTS WITH RESPECT TO THIS ELECTION.

PFIC Status

If the Company was
a PFIC for any taxable year during which a U.S. Holder has held Common Shares, certain adverse tax consequences could apply to such U.S.
Holder in connection with the Domestication. As discussed above, the Company has not made a determination of whether it is or ever has
been a PFIC for U.S. federal income tax purposes. Accordingly, it is possible that the Company is or has been a PFIC for U.S. federal
income tax purposes. This determination of whether the Company is or has been a PFIC depends on complex factual determinations that are
made annually and thus there can be no assurance that the Company is not and has not been a PFIC. If the Company has not been a PFIC
at any time during a U.S. Holder’s holding period for their Common Shares, the Domestication should not be a taxable event for
such U.S. Holder solely as a result of the application of the PFIC rules.

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However, if the Company
was a PFIC for any taxable year during which a U.S. Holder held Common Shares, certain adverse tax consequences, including recognition
of gain and application of an interest charge, could apply to such U.S. Holder as a result of the Domestication, unless an exception
under the relevant Treasury Regulations can be relied upon. Section 1291(f) of the Code generally requires that, to