Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 83

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 83
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 funded by the Defense Advanced
Research Projects Agency (DARPA). The Forum brings together key stakeholders from industry, academia, and government to support the development
of secure and sustainable supply chains for critical materials. Almonty’s participation reflects its role in the responsible sourcing
and production of tungsten, a mineral identified as critical to U.S. national defense and innovation objectives.

On April 4, 2025, Almonty
confirmed that, based on current information, the recent Executive Order issued by the United States government concerning reciprocal
tariffs on specific goods does not impact its tungsten products. Almonty’s tungsten ore, concentrates, oxides, and related materials,
classified under HTS codes 2611.00.30, 2611.00.60, and 2825.90.30, are specifically excluded from the new tariff measures. The Company
believes that this exemption reinforces the strategic importance of tungsten within critical mineral supply chains and supports the stability
of Almonty’s access to U.S. markets.

| 47 |

On March 20, 2025,
Almonty announced it had appointed General Gustave F. Perna (U.S. Army, Retired) to its Board of Directors. General Perna previously
served as Commander of the U.S. Army Materiel Command and co-led Operation Warp Speed. His extensive experience in logistics, operational
management, and defense supply chains is expected to strengthen the Company’s strategic positioning within the critical materials
sector, particularly in defense-related markets.

On March 18, 2025,
Almonty announced it had entered into a strategic partnership with American Defense International, Inc., a leading U.S.-based government
affairs and consulting firm specializing in defense and national security. Through this partnership, Almonty aims to further its engagement
with U.S. government agencies and defense sector participants to support its strategic objective of becoming a preferred supplier of
critical minerals, including tungsten, for national security and industrial applications.

<div align='center'>MANAGEMENT</div>

Executive Officers,
Directors and Senior Management

The following table
sets forth the name, age and position of each of our executive officers, directors and senior management as of the date of this prospectus.
The business address of our executive officers and directors is our office address at 100 King Street West, Suite 5700, Toronto,
Ontario, M5X 1C7.

| Name                    |     | Residence