Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 229

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 229
---
 under those requirements. Those other reports or other information may be inspected without charge at the locations described
above. Under the multijurisdictional disclosure system adopted by the United States and Canada, these reports and other information (including
financial information) may be prepared in accordance with the disclosure requirements of the securities regulatory authorities of Canada,
which differ in certain respects from those in the United States. As a foreign private issuer, we are exempt from the rules under the
Exchange Act prescribing the furnishing and content of proxy statements, and our officers, directors and principal shareholders are exempt
from the reporting and short-swing profit recovery provisions contained in Section 16 of the Exchange Act. In addition, we are not required
to publish financial statements as promptly as U.S. companies.

You may read any document
we file with or furnish to the securities commissions and authorities of certain provinces of Canada through SEDAR+ at .
Certain of our filings are also electronically available on EDGAR and may be accessed at .

| 157 |

<div align='center'>PART II

INFORMATION NOT REQUIRED TO BE DELIVERED TO OFFEREES OR PURCHASERS</div>

Limitations on Liability and Indemnification of Directors and Officers.

Under the Canada
Business Corporations Act (the “CBCA”), we may indemnify our current or former directors or officers or another individual
who acts or acted at our request as a director or officer, or an individual acting in a similar capacity, of another entity, against
all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by the individual
in respect of any civil, criminal, administrative, investigative or other proceeding in which the individual is involved because of his
or her association with us or another entity. The CBCA also provides that we may advance moneys to a director, officer or other individual
for costs, charges and expenses reasonably incurred in connection with such a proceeding; provided that such individual shall repay the
moneys if the individual does not fulfill the conditions described below.

However, indemnification
is prohibited under the CBCA unless the individual:

| ● | acted                                                                                      
 honestly and in good faith with a view to our best interests, or, as the case may be,      
 to the best interests of the other entity for which the individual acted as director       
 or officer or in a similar capacity at our request; and                                    |
| ● | in the case of a criminal or administrative                                                
 action or