Mr. Lewis Black reports

ALMONTY INDUSTRIES ESTABLISHES U.S. CORPORATE HEADQUARTERS, REINFORCING ROLE AS AMERICA'S TUNGSTEN SUPPLIER

Almonty Industries Inc. has relocated its corporate headquarters from Toronto, Ont., Canada, to Dillon, Mon., United States.

The relocation of its corporate headquarters reflects Almonty's continued strategic alignment with the United States and its role in supporting secure, transparent and Western-aligned supply chains for critical materials. The move positions the company closer to key stakeholders, including U.S. government agencies, defence contractors and industrial partners, while reinforcing its commitment to becoming the leading U.S.-aligned tungsten producer.

The move follows Almonty's Nasdaq listing and $90-million (U.S.) oversubscribed IPO (initial public offering) in July, 2025, a $129-million (U.S.) follow-on financing in December, 2025, and the acquisition of Montana's Gentung tungsten project, expected to restart production this year.

Almonty has also deepened its U.S. defence alignment through a strategic partnership with American Defense International Inc., participation in the Department of Defense-sponsored Critical Minerals Forum, and congressional recognition for strengthening critical mineral independence.

Further underscoring its alignment with U.S. strategic priorities, Almonty has appointed former senior United States Army generals as directors, bringing defence and national security expertise to support the company's role in securing critical mineral supply chains. The company continues to advance its strategy of strengthening non-Chinese tungsten supply chains amid increasing geopolitical focus on critical minerals security.

Management commentary

Lewis Black, chairman, president and chief executive officer of Almonty, said: "Relocating our headquarters to the United States is not merely symbolic. It reflects who we are -- as Montana is the location of our recently acquired Gentung tungsten project -- and where our future lies. Our investors, customers and strategic partners are here because they recognize the urgency of building a Western tungsten supply chain free from Chinese dependence. With Sangdong phase 1 complete and Gentung on track to begin production, we are delivering on that mission and a U.S. home base ensures we remain at the centre of it."

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 armor, 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 be a major contributor to the global non-China tungsten supply chain 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 U.S. and Spain, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defence readiness.

We seek Safe Harbor.