Company: ALM
Filing Date: 2025-07-11
Form Type: F-10/A
Source: 0001641172-25-018741
Chunk: 59

Company: Almonty Industries Inc.
Filing Date: 2025-07-11
Form: F-10/A
Chunk 59
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 price of a Common Share may experience significant fluctuations and that such price might be less than the actual price paid
by an investor. In addition, publicly quoted securities are subject to a relatively high degree of price volatility. It should be expected
that continued fluctuations in price will occur, and no assurances can be made as to whether the price per share will increase or decrease
in the future. In recent years, the securities markets in the United States, Canada and Australia have experienced a high level of price
and volume volatility, and the market price of many companies have experienced wide fluctuations in price which have not necessarily
been related to the operating performance, underlying asset values or prospects of such companies. The factors influencing such volatility
include pandemics, events affecting economic circumstances in Canada, the United States, Australia and elsewhere, including inflation,
war or other territorial disputes, trends in the mining industry and the markets in which the Company operates, purchases or sales of
large blocks of Common Shares or securities convertible into or exchangeable for the Common Shares, and market perceptions of the attractiveness
of particular industries. The price of the Common Shares is also likely to be significantly affected by short-term changes in prices
for tungsten and other metals and commodities, currency exchange fluctuations and the Company’s financial condition or results
of operations as reflected in its earnings reports. Other factors unrelated to the performance of the Company that may have an effect
on the price of the Common Shares include the following: the extent of analyst coverage available to investors concerning the business
of the Company may be limited if investment banks with research capabilities do not follow the Company’s securities; lessening
in trading volume and general market interest in the Company’s securities may affect an investor’s ability to trade significant
numbers of securities of the Company; the size of the Company’s public float may limit the ability of some institutions to invest
in the Company’s securities; and a substantial decline in the price of the securities of the Company that persists for a significant
period of time could cause the Company’s securities to be delisted from an exchange on which they are traded, further reducing
market liquidity.

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Securities class-action
litigation often has been brought against companies following periods of volatility in the market price of their securities. The Company
may in the future be the target of similar litigation. Securities litigation could result in substantial costs and damages and divert
management’s attention and resources.

Dilution to the Company’s Shareholders

The Company may sell
equity securities in public