Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 154

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 154
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 mountain area temporary use permit and the lease    
 period of the Yeongwol County land by about three years around the fourth quarter of 2025.      
 Temporary use of a mountain area.                                                               
 The term of AKTC’s mining plan is related to the temporary use period of a mountain             
 area. AKTC has continuously extended the term of the permit for the temporary use of a mountain 
 area, which currently expires December 31, 2025. AKTC will keep extending the term of the       
 permit for the temporary use of a mountain area as required.                                    
 Approval for construction of an                                                                 
 installation for a mining facility, to build the Sangdong adit, on July 9, 2011, by the Eastern 
 Mining Safety Office.                                                                           |
|:--|:------------------------------------------------------------------------------------------------|
| ● | Approval for construction of an                                                                 
 installation for a mining facility, to build the Woulfe adit, on November 13, 2012, by the      
 Eastern Mining Safety Office.                                                                   |
| ● | Approval for construction of and                                                                
 installation for a mining facility, to build Taebaek and Baegun adits, on September 29, 2014,   
 by the Eastern Mining Safety Office.                                                            |
| ● | Approval for construction of and                                                                
 installation for a mining facility, to build Monty B adit, on July 20 2018, by the Eastern      
 Mining Safety Office and received approval for the change on September 25, 2020.                |

| 104 |

The permits/approvals
related to construction are summarized in Table 20-3 below.

<div align='center'>Table 20-3 – Summary of Construction Permits</div>

| 9. | Cultural Resources |

A cultural property
survey was conducted during July 2007 by ERM. According to previous investigations undertaken for a cultural property survey, no state
designated cultural properties exist in Sangdong-eup area.

Five historical sites
were reviewed according to the Cultural Asset Map Book. Of these sites, two were natural caves, one is a historical temple ruin, one
is a significant fossil discovery and one is a Monument of Loyalty and Filial Piety.

| 10. | Social Environment |

The town of Sangdong
is located 2 km from the mine site. The population of the town is approximately 500 people. Sangdong was once a regional centre for the
district’s agricultural and mining industries, when the Sangdong Mine was oper