Company: ALM
Filing Date: 2025-10-31
Form Type: F-10/A
Source: 0001493152-25-020439
Chunk: 8

Company: Almonty Industries Inc.
Filing Date: 2025-10-31
Form: F-10/A
Chunk 8
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2023 |     |     | Year ended December 31, 2024 |     |     | 6 months ended June 30, 2025 |
|:--------|:----|:----|-----------------------------:|:----|:----|-----------------------------:|:----|:----|-----------------------------:|
| End     |     |     |                       0.7561 |     |     |                       0.6950 |     |     |                       0.7330 |
| High    |     |     |                       0.7617 |     |     |                       0.7510 |     |     |                       0.7376 |
| Low     |     |     |                       0.7207 |     |     |                       0.6937 |     |     |                       0.6848 |
| Average |     |     |                       0.7410 |     |     |                       0.7302 |     |     |                       0.7098 |

| 1 |

Except as indicated otherwise herein, U.S. dollar exchange rate information is based on the daily exchange rate of the U.S. dollar on October 30, 2025 as quoted by the Bank of Canada, being C$1.00 = US$0.7149 (US$1.00 = C$1.3987).

<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 Council, as amended (the “ CIM Definition Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects.

Canadian standards, including NI 43-101, differ significantly from