Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 49

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 49
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 on its financial position, future cash flow or results of operations of the Company. If the Company cannot resolve disputes favourably,
or if there is significant reputational damage as a result of any real or frivolous claim, the Company may face increased costs or liabilities
to third parties, impairment of assets, lost revenues and the Company’s activities and operations, financial condition, results
of operations, future prospects and share price may be adversely affected.

Environmental and Global Climate
Change Risks

Almonty’s
operations are subject to numerous environmental laws and regulations, all of which can impose substantial costs and liabilities on the
Company. Violations of environmental requirements or permits may result in fines, sanctions, orders to install pollution control equipment,
or even suspension of operations. These regulations, often mandating standards for waste disposal, emissions, and land reclamation, can
increase operational costs and complexity. Frequent amendments or new legislation may adversely affect the Company’s operations,
financial condition, or competitive position. The Company may face costly claims and lawsuits by authorities and third parties relating
to environmental matters.

Additionally, the
potential impacts of global climate change amplify many of these environmental risks. Various governments have adopted or are considering
regulations to mitigate climate change. These regulations may impose stricter emission limits, carbon taxes, or other measures that could
require Almonty to incur substantial additional costs. The resulting increase in expenditures for pollution control, monitoring systems,
and compliance reporting could harm the Company’s cost competitiveness. Inconsistent regulatory frameworks may complicate compliance
efforts and impact the Company’s financial performance.

Heightened public
awareness of climate change may generate more intense scrutiny of Almonty’s activities. Even in the absence of formal mandates,
stakeholders such as investors, customers, and local communities may expect the Company to demonstrate robust sustainability practices.
Failure to meet expectations or negative publicity could harm the Company’s reputation, limit financing, or reduce marketability.
Physical effects of climate change, such as extreme weather, changing rainfall, water shortages, or wildfires, could disrupt operations,
damage equipment, and introduce safety risks. Geographical vulnerabilities at each site compound these uncertainties and may require
adaptation measures. Costs for insurance, repairs, shutdowns, and slower production cycles could increase, eroding earnings and investor
confidence.

These environmental
and climate-related uncertainties, regulations, and compliance efforts could negatively impact the Company’s production, operating
results, and financial condition. Evolving environmental obligations and climate change challenges may require Almonty to revise strategies