Company: ALM
Filing Date: 2025-07-07
Form Type: F-10
Source: 0001641172-25-017947
Chunk: 209

Company: Almonty Industries Inc.
Filing Date: 2025-07-07
Form: F-10
Chunk 209
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This summary assumes
that the Company is a resident of Canada for purposes of the Tax Act and any applicable tax treaty or convention. For a discussion of
the Canadian tax considerations relevant to the Arrangement and the ownership and disposition of Common Shares of the Company
following the implementation of the Arrangement, see the section entitled “Certain Canadian Federal Income Tax Considerations Related
To The Arrangement” of the management information circular of the Company dated January 31, 2025 and filed on February 4, 2025,
prepared for the purposes of the special meeting of the shareholders of the Company held on February 27, 2025.

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Currency Conversion

Generally, for purposes
of the Tax Act, all amounts relating to the acquisition, holding or disposition of our Common Shares must be converted into Canadian
dollars based on the exchange rates as determined in accordance with the Tax Act. The amounts subject to withholding tax and any capital
gains or capital losses realized by a Non-Resident Holder may be affected by fluctuations in the Canadian-U.S. dollar exchange rate.

Adjusted Cost
Base of Common Shares

The adjusted cost base
to a Non-Resident Holder of a Common Share acquired pursuant to this prospectus will be determined by averaging the cost of that Common
Share with the adjusted cost base (determined immediately before the acquisition of the Common Share) of all other Common Shares held
as capital property by the Non-Resident Holder immediately prior to such acquisition.

Receipt of
Dividends

Dividends received
or deemed to be received by a Non-Resident Holder on our Common Shares will be subject to Canadian withholding tax under the Tax Act.
The statutory rate of withholding tax is 25%, although such rate may be reduced under the provisions of an applicable income tax convention
between Canada and the Non-Resident Holder’s country of residence. For example, under the Canada-United States Income Tax Convention
(1980) as amended (the “Treaty”), the rate is generally reduced to 15% (or 5% if the beneficial owner of such dividend
is a corporation that owns at least 10% of the voting stock of the Company) where the Non-Resident Holder is a resident of the United
States for the purposes of, and is fully entitled to the benefits of, the Treaty. Non-Resident Holders are urged to consult their own
tax advisors to determine their entitlement to relief under an applicable income tax treaty or convention.

Disposition