Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 53

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 53
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 from revenue producing activities to
management and administrative oversight, adversely affecting our ability to attract and complete business opportunities and increasing
the difficulty in both retaining professionals and managing and growing our businesses. In addition, failure to comply with any laws
or regulations applicable to us as a public company may result in legal proceedings and/or regulatory investigations, and may cause reputational
damage. Any of these effects could harm our business, financial condition and results of operations.

As a public company,
particularly after the Company is no longer an “emerging growth company” as defined under the JOBS Act, we will incur
significant legal, accounting and other expenses that the Company did not incur prior to being listed in the United States. In addition,
the Sarbanes-Oxley Act, and rules implemented by the SEC, and the NASDAQ, impose various other requirements on public companies, and
the Company will need to spend time and resources to ensure compliance with reporting obligations under Canadian securities laws, Australian
securities laws, as well as obligations in the United States.

Acquisitions and Synergies

The Company is always
actively pursuing the acquisition of exploration, development and production assets consistent with its acquisition and growth strategy.
From time to time, it may also acquire securities of, or other interests in, companies with respect to which it may enter into acquisitions
or other transactions. Acquisition transactions involve inherent risks, including:

| ● | accurately                                                                                 
 assessing the value, strengths, weaknesses, contingent and other liabilities and potential 
 profitability of acquisition candidates;                                                   |
| ● | ability                                                                                    
 to achieve identified and anticipated operating and financial synergies;                   |
| ● | unanticipated                                                                              
 costs;                                                                                     |
| ● | diversion                                                                                  
 of management attention from existing business;                                            |
| ● | potential                                                                                  
 loss of its key employees or the key employees of any business that the Company acquires;  |
| ● | unanticipated                                                                              
 changes in business, industry or general economic conditions that affect the assumptions   
 underlying the acquisition; and                                                            |
| ● | decline                                                                                    
 in the value of acquired properties, companies or securities.                              |

| 29 |

Any one or more
of these factors or other risks could cause the Company not to realize the benefits anticipated to result from the acquisition of properties
or companies and could have a material adverse effect on its ability to grow and on its financial condition.

An important factor
in the success of an acquisition is the ability of the acquirer’s management in managing the Company’s business and that
of