Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 174

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 174
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1) | As                                                                
 adjusted figures are adjusted to reflect the Share Consolidation. |

| 124 |

The following table
sets forth a summary of the Company’s consolidated financial position as of the dates presented:

|                                                      |     | 31-Mar-25 $’000 |     | 31-Dec-24 $’000 |
| Cash                                                 |     |          16,985 |     |           7,830 |
| Total assets                                         |     |         279,041 |     |         256,349 |
| Long-term debt                                       |     |         171,612 |     |         158,022 |
| Shareholders’ equity                                 |     |          18,102 |     |          39,073 |
| Other                                                |     |                 |     |                 |
| Pro forma outstanding shares (’000)  (1)             |     |         188,521 |     |         176,947 |
| Pro forma weighted average outstanding shares (’000) |     |                 |     |                 |
| Basic (1)                                            |     |         184,210 |     |         169,357 |
| Fully diluted (1)                                    |     |         184,210 |     |         169,357 |

| (1) | As                                                                
 adjusted figures are adjusted to reflect the Share Consolidation. |

Operating
Results – Fiscal Year Ended December 31, 2024

The following financial
information is for the years ended December 31, 2024 and 2023:

|                                                             |     |   | Year ended |   |     |   | Year ended |   |
|:------------------------------------------------------------|:----|:--|-----------:|:--|:----|:--|-----------:|:--|
|                                                             |     |   |  31-Dec-24 |   |     |   |  31-Dec-23 |   |
|                                                             |     |   |      $’000 |   |     |   |      $’000 |   |
| Gross Revenue                                               |     |   |     28,836 |   |     |   |     22,510 |   |
| Mine production costs                                       |     |   |     24,679 |   |     |   |     19,328 |   |
| Care and maintenance                                        |     |   |      1,067 |   |     |   |      1,022 |