Mr. Lewis Black reports

ALMONTY INDUSTRIES JOINS LARGE-CAP RUSSELL 1000 INDEX AND BROAD-MARKET RUSSELL 3000 INDEX

Almonty Industries Inc. has joined the large-cap Russell 1000 Index and the broad-market Russell 3000 Index, effective with the opening of United States equity markets today, Monday, June 29, 2026, upon the conclusion of the 2026 Russell indexes reconstitution.

The June, 2026, reconstitution of the Russell United States indexes captures the 3,000 largest U.S. stocks, ranking them by total market capitalization. The Russell 1000 Index, which is a subset of the Russell 3000 Index, is a U.S. stock market index that tracks the 1,000 largest publicly traded companies in the U.S. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

Lewis Black, chairman, president and chief executive officer of Almonty Industries, commented: "Given the FTSE Russell builds these indexes on objective, market-capitalization criteria, qualifying for the Russell 1000 and Russell 3000 is a milestone Almonty earned on the numbers, not by invitation. To us, it signals that the market now recognizes the scale we have reached as a Western-aligned producer of a metal that the defence and advanced-technology sectors cannot do without. Just as important, index membership connects Almonty with the large universe of index-tracking funds and benchmark-driven institutions that allocate to Russell constituents, many of which were unable to hold our shares before today. We view that as the basis for steadier trading liquidity and a more durable base of long-term shareholders."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June, 2025, approximately $12.2-trillion in assets are benchmarked against the Russell U.S. indexes, which belong to FTSE Russell, the global index provider.

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 supply a significant portion of global non-China 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 Spain and the United States, Almonty is strategically aligned to meet rapidly rising demand from Western allies committed to supply-chain security and defence readiness.

We seek Safe Harbor.