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Almonty Industries Inc.

Innovation & Integrity in Tungsten

Global Conflict-Free Tungsten

Almonty Receives Further and Final Commitments Under Previously Announced Placement

Almonty is pleased to announce that in conjunction with its March 2024 Placement, the Company has closed a fourth tranche through the sale of the previously-announced firm commitment of 3,000,000 Placement Chess Depository Interests Units (“CDIs”) at A$0.62 per unit and is scheduled to close on an additional 1,090,909 common share units at Cdn$0.55 per unit on May 23, 2024.

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Almonty Industries: Redefining Global Tungsten Mining

Almonty holds a distinctive position in the tungsten market, supported by its established global projects network and track record of consistently positive economic performance.

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Trusted and experienced operations in conflict-free regions by diversified tungsten specialists.

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