Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 148

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 148
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 constructed lagoons will
provide aeration to effectively reduce organic contaminants. The thickener overflow, containing residual reagents and suspended solids,
will gravitate to an overflow tank and be subsequently pumped for further treatment.

Water quality will
be managed to comply with the environmental discharge standards. Although mechanical aeration will significantly reduce organic compounds,
sodium ions introduced by flotation chemicals will remain relatively unchanged. Regular monitoring will be used to ensure the treated
water quality meets environmental regulatory requirements before discharge.

Infrastructure,
Permitting and Compliance Activities

| I) | Infrastructure and 
 Logistics          |

KTMC operated the
Sangdong Mine from 1949 to 1994. Existing infrastructure from KTMC, as well as other public infrastructure which can still be used, includes
the access road to the site; site roads; powerline and stepdown sub-station; potable water supply; and communications and Internet service.
It also includes some old KTMC buildings that will be reused and the KTMC slope support at the zone of the plant and water treatment
plant.

In the mine, there
is an extensive infrastructure that can be reused, which includes:

| ● | West Ventilation Shaft. This                                                                     
 connects the surface to all mine levels until the -10 level and then through raises down         
 to the -16 level. This shaft has two top openings (one inclined and another vertical) and        
 all of them are ventilating. This shaft was inspected from surface to the -1 level and is        
 in perfect condition.                                                                            |
| ● | Old Vertical Extraction Shaft.                                                                   
 This concrete lined shaft, of 4 m diameter, is currently being used for ventilation in between   
 the Baegun and -1 levels. It gives access to the water stored in the mine down to the -16 level. 
 This shaft is in very good condition and could be considered for hoisting use in the latter      
 phases of the mine exploitation.                                                                 |
| ● | Gallery Network. An extensive                                                                    
 network of old base galleries can be used for multiple purposes, which include escape routes,    
 ventilation and drainage.                                                                        |
| ● | Mined Stopes. Extensive mined                                                                    
 stopes can be used for backfill storage.                                                         |
| ● | Drainage system, on the -1                                                                       
 level.                                                                                           |
| ● | Ramp System. This connects                                                                       
 Sangdong level with the -16 level. Dependent of its conditions below the -1 level, and following 
 mine dewatering, this could allow