Mr. Lewis Black reports

ALMONTY TO VOLUNTARILY DELIST FROM TSX

Almonty Industries Inc. will voluntarily delist the common shares of the company from the Toronto Stock Exchange effective as of the close of trading on July 31, 2026. Following such date, the common shares will no longer be traded on the Toronto Stock Exchange, but will continue to trade on the Nasdaq Capital Market under the symbol ALM.

Given that the majority of the company's daily trading volume is on the Nasdaq, and considering the financial, administrative, and compliance obligations and costs associated with maintaining its TSX listing, the company believes that the delisting is in the company's best interests and that maintaining its Nasdaq listing will help deliver better value to the company, its shareholders and its other stakeholders. Pursuant to Subsection 720(b) of the TSX Company Manual, shareholder approval of the delisting is not required as an alternative market for the common shares, the Nasdaq, exists.

Most brokers in Canada, including discount and on-line brokers, have the ability to buy and sell securities listed on the Nasdaq. Shareholders holding common Shares in Canadian brokerage accounts should contact their brokers to confirm how to trade their common shares on the Nasdaq.

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 United States 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.

We seek Safe Harbor.