Mr. Lewis Black reports

ALMONTY REMINDS SHAREHOLDERS TO VOTE TO SUPPORT CONTINUED TRANSFORMATION INTO A LEADING TUNGSTEN PRODUCER

Almonty Industries Inc. has reminded shareholders to support the company's continuing transformation into a leading global tungsten producer by submitting their votes in advance of the company's annual general meeting of shareholders scheduled for June 9, 2026. Shareholders are encouraged to vote well in advance of the proxy deadline at 10 a.m. Eastern Time on June 5, 2026.

Lewis Black, chairman, president and chief executive officer of the company, stated: "Almonty has delivered transformational results over the past year, rapidly advancing its strategic role in the Western tungsten supply chain in the United States, Korea, Portugal and Spain. Under the stewardship of its experienced board of directors and management, the company achieved a series of significant milestones in 2025, including:

• "The commencement of active mining operations at the company's flagship Sangdong tungsten mine, which is expected to become one of the largest and longest-life tungsten mines outside of China;
• "The initiation of large-scale drilling programs at the company's Sangdong molybdenum project in South Korea and its Panasqueira mine in Portugal;
• "A successful $90-million (U.S.) initial public offering on the Nasdaq Capital Market, as well as a successful $129-million (U.S.) follow-on public offering in December, 2025;
• "The strategic establishment of the company's corporate headquarters in the United States;
• "The successful acquisition of 100-per-cent ownership of the Gentung Browns Lake tungsten project in Beaverhead county, Montana, extending the company's geographic footprint into North America;
• "The addition of two highly experienced independent directors to the board and several highly qualified executives to the company's senior management team, ensuring that the board and management team are well positioned to oversee the next phase of the company's growth.

"These accomplishments are a result of the strategic direction set by the board and executed by senior management resulting in strong momentum for Almonty as it scales to meet surging global demand for tungsten as the industry leader.

"As Almonty continues to grow in prominence, the board is committed to pro-actively ensuring that the company's corporate governance framework and board composition reflect the ambition and sophistication of its business and the expectations of our shareholders. The board is committed to a thoughtful approach to its governance maturation through evolving its independence profile focused on necessary skills and diversity that reflect the expectations of our expanding stakeholder base, growing prominence in U.S. capital markets and the heightened expectations that come with being a global industry leader," concluded Mr. Black.

Your vote powers Almonty's future

Each of the directors standing for re-election at the meeting has been nominated because of the critical role they play in guiding the company's strategy and delivering value to shareholders. The board unanimously recommends that shareholders vote for the re-election of all director nominees set out in the company's management information circular dated April 29, 2026, to ensure continuity of leadership at this pivotal time as it focuses on the company's growth and aligns its corporate governance framework with future requirements. Shareholders are encouraged to vote in advance of the meeting by submitting a form of proxy or voting instruction form in accordance with the instructions set out in the circular. To be effective, a proxy must be submitted by 10 a.m. Eastern Time on June 5, 2026. Beneficial shareholders who hold their shares through a broker or other intermediary should submit a voting instruction form by the deadline specified by their intermediary, which may be earlier than the deadline for submitting proxies.

In connection with the meeting, the company has engaged Sodali & Co. as proxy solicitation agent and shareholder communications advisor to, among other things, assist in the solicitation of proxies. For more information or if you require assistance with voting, please contact Sodali at:

Sodali & Co

430 Park Ave., 14th floor

New York, N.Y., 10022

Phone:  203-658-9400

E-mail:  ALM@info.sodali.com

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 tungsten 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 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.