Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 9

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 9
---
.5-to-1 consolidation of our Common Shares (the “Share Consolidation”),
and it is expected that our Common Shares will commence trading on a post-consolidated basis on July 7, 2025. The Share Consolidation
was approved by our shareholders on April 30, 2025 at our annual general and special meeting of shareholders. Except where otherwise
noted, all information in this prospectus and the documents incorporated by reference dated on or after the date of the Share Consolidation
give pro forma effect to the Share Consolidation. See “Description of Share Capital—Share Consolidation”.

In this prospectus,
unless otherwise indicated, all dollar amounts and references to “US$” or “USD” are to U.S. dollars, references
to “C$” or “$” are to Canadian dollars, references to “€” are to European euros, and references
to “A$” are to Australian dollars. This prospectus and the documents incorporated by reference contain translations of some
Canadian dollar amounts into U.S. dollars solely for your convenience. See “Exchange Rate Information”.

Neither we nor any
of the Underwriters have taken any action to permit a public offering of our Common Shares or the possession or distribution of this
prospectus in any jurisdiction where action for that purpose is required, other than the United States. You are required to inform yourselves
about and to observe any restrictions relating to this Offering and the distribution of this prospectus.

Information contained in this prospectus should not be construed as legal, tax or financial advice and readers are urged to consult their own professional advisors in connection therewith.

| 1 |

<div align='center'>CAUTIONARY NOTE
TO UNITED STATES INVESTORS</div>

We are permitted under
a multijurisdictional disclosure system adopted by the securities regulatory authorities in Canada and the United States to prepare this
prospectus, including the documents incorporated by reference, in accordance with the requirements of Canadian securities laws, which
differ from the requirements of United States securities laws.

Unless otherwise indicated,
the technical disclosure regarding our properties included or incorporated by reference herein, including all mineral resource estimates
contained in such technical disclosure, has been prepared in accordance with the requirements of National Instrument 43-101 — Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum
(the “CIM”) – CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM