Company: ALM
Filing Date: 2025-10-22
Form Type: F-10
Source: 0001493152-25-018900
Chunk: 8

Company: Almonty Industries Inc.
Filing Date: 2025-10-22
Form: F-10
Chunk 8
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 euros, and references to “A$” are to Australian dollars. This Prospectus and the documents incorporated by reference herein contain translations of some Canadian dollar amounts into U.S. dollars solely for your convenience.

The following table sets forth for each of the periods indicated: (i) the exchange rates in effect at the end of the period; (ii) the high exchange rate during such period; (iii) the low exchange rate during such period; and (iv) the average exchange rates for such period, for one Canadian dollar, expressed in U.S. dollars, as quoted by the Bank of Canada.

|         |     |     | Year ended December 31, 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 21, 2025 as quoted by the Bank of Canada, being C$ 1.00 = US$ 0.7132 (US$1.00 = C$ 1.4022).

<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