Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 82

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 82
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 the Common Shares had been added to the S&P/TSX Global Mining Index, effective as of market open on June 23, 2025.
The S&P/TSX Global Mining Index serves as a benchmark for globally traded mining companies. Management believes Almonty’s inclusion
in the S&P/TSX Global Mining Index reflects the Company’s growing profile in the global mining sector and ongoing momentum
in the tungsten industry.

On June 2, 2025, Almonty
announced it had received bipartisan recognition from the U.S. House Select Committee on the Strategic Competition Between the United
States and the Chinese Communist Party. The Committee acknowledged Almonty’s role in supporting U.S. efforts to strengthen domestic
supply chains for critical minerals, highlighting the strategic relevance of the Sangdong Mine and the Company’s planned Domestication.
The Committee also expressed interest in ongoing engagement and potential collaboration with Almonty to support the U.S. defense industrial
base, including supply chain integration with American defense contractors and potential contributions to the U.S. National Defense Stockpile.

On May 30, 2025, Almonty
announced it had appointed Alan Estevez to its Board of Directors. Mr. Estevez most recently served as the U.S. Under Secretary of Commerce
for Industry and Security. Prior to this, he held senior roles within the U.S. Department of Defense, including Principal Deputy Under
Secretary of Defense for Acquisition, Technology, and Logistics. Mr. Estevez brings extensive expertise in national security, defense
logistics, and strategic trade matters relevant to the critical minerals sector.

On May 7, 2025, Almonty
announced it had entered into a binding Off-take Agreement with TPW and Metal-Tech to supply a minimum of 40 metric tonnes of tungsten
oxide per month exclusively for U.S. defense applications. Under this agreement, all tungsten oxide provided by Almonty will be processed
into tungsten metal powder for use in U.S. defense production programs, including missile, drone, and ordnance systems. The agreement,
which commences upon Almonty’s initial production of commercially saleable tungsten oxide from the Tungsten Oxide Facility, has
a three-year term with automatic annual renewals and features a hard floor price with no cap on the upside.

On April 17, 2025,
Almonty announced it was invited to participate in the U.S. Critical Minerals Forum, a high-level initiative