Mr. Lewis Black reports

ALMONTY INDUSTRIES SET TO JOIN LARGE-CAP RUSSELL 1000 INDEX AND BROAD-MARKET RUSSELL 3000 INDEX

Almonty Industries Inc. is set to join the Large-Cap Russell 1000 Index, as well as the Broad-Market Russell 3000 Index, at the conclusion of the 2026 Russell indexes reconstitution, according to a preliminary list of additions posted by FTSE Russell on Friday, May 22, 2026. Almonty's inclusion is expected to become effective when the market opens on Monday, June 29, 2026.

The June reconstitution of the Russell U.S. indexes captures up to the 4,000 largest United States stocks as of April 30, 2026, ranking them by total market capitalization. Almonty's membership in the Russell 3000 Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000 Index, as well as the appropriate growth and value style indexes. 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: "We are honoured to be set to join the Russell 3000 and 1000 indices, which we believe reflects the significant operational and financial progress Almonty has made over the past year as we firmly establish ourselves as the cornerstone of the Western tungsten supply chain. With our flagship Sangdong mine in South Korea now coming on line, the relocation of our corporate headquarters to the United States and a fortress balance sheet to support continued growth, we believe inclusion in the Russell indexes will further expand our visibility within the institutional investment community and broaden our shareholder base as we execute on our long-term strategic vision."

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. For more information on the Russell 3000 Index and the Russell indexes reconstitution, please visit the "Russell Reconstitution" section on the FTSE Russell website.

About Almonty Industries Inc.

Almonty is a leading supplier of conflict-free tungsten -- a strategic metal critical to the defense 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.