Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 150

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 150
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 based on technical and economic viability, as well as minimization of potential environmental
and social impacts.

| 1. | Surface Water |

Several permanent
streams run thought the site. These streams drain to Okdong Creek, which flows through the town of Sangdong. The water is generally of
good quality, based on the analytical results for “Living Environment” items (pH, biochemical oxygen demand, suspended solids
and dissolved oxygen). Water quality is classified as first grade at all sampling points except at one site where results for pH and
suspended solids exceed the standards.

However, analytical
results for total coliforms (an indicator of potential human and animal waste present in water) were high 10–22,000 total coliforms/100
ml. In accordance with these results, water quality is classified as fourth grade for the “Living Environment” standards.
It is assumed that slash-and-burn-fields around the stream contribute substantially to total coliforms concentrations.

Strategies to prevent
degradation of the surface waters of the Project site include:

| ● | sediment settling dams to reduce                                                                      
 the volume of sediment, derived from mined and disturbed land, from entering the natural              
 river systems of the area;                                                                            |
| ● | storm water will be diverted around                                                                   
 mining operations as much as practicable, and where contact occurs with disturbed areas,              
 water will be collected, monitored and treated as appropriate;                                        |
| ● | all spills of chemicals or fuels                                                                      
 will be cleaned up immediately and contaminated areas remediated in accordance with the relevant      
 guidelines and standards; and                                                                         |
| ● | any potentially acid-forming material                                                                 
 will be blended or encapsulated in the waste rock storage facility to prevent possible contamination. |

| 2. | Groundwater |

Groundwater is expressed
as springs where there is contact between the limestone and either skarn or shale. For example, there are three springs, near the old
mine buildings where there is a limestone outcrop with a strike of approximately 300° and a dip of 80° north. Elsewhere to the
west of the site, springs occur where there is contact between limestone and shale. Flows from the springs are in the order of 2 to 20l/s.

Ground water varied
in quality. Total coliforms were above the established quality criteria. Nitrates were also found in concentrations above the South Korean
drinking water standards. Exhaustive testing for arsenic in water during 2014 was performed and