Mr. Lewis Black reports

ALMONTY INDUSTRIES INC. ANNOUNCES VOLUNTARY WITHDRAWAL OF BASE SHELF PROSPECTUS AND REGISTRATION STATEMENT

Almonty Industries Inc. is voluntarily withdrawing its short form base shelf prospectus dated Oct. 31, 2025, and the corresponding registration statement on Form F-10. The base prospectus and registration statement are being withdrawn because, following the successful completion of the company's previously announced upsized $129,375,000 (U.S.) public offering of common shares in the United States, Almonty does not intend to complete further offerings under the base prospectus or registration statement.

About Almonty Industries Inc.

Almonty is a leading supplier of conflict-free tungsten -- a strategic metal critical to the defence and advanced technology sectors. As geopolitical tensions heighten, tungsten has become essential for armour, munitions and electronics manufacturing. Almonty's flagship Sangdong mine in South Korea, historically one of the world's largest and highest-grade tungsten deposits, is expected to supply over 80 per cent of global non-Chinese tungsten production upon reaching full capacity, directly addressing critical supply vulnerabilities highlighted by recent U.S. defence procurement bans and export restrictions by China. With established operations in Portugal and additional projects in the United States and Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply chain security and defence readiness.