Almonty Industries (AII) investor relations material

Project updates and operational highlights

• Significant progress on multiple gold and base metal projects, with new drilling, sampling, and mapping planned for the summer across several properties, including Montalembert and Rouyn-Merger.

• Resource expansion and exploration continue at key sites, with high-grade gold intersections and potential for open-pit mining identified.

• Multiple royalty interests are advancing, with major drilling campaigns and feasibility studies expected to increase royalty payments and resource estimates.

• New option agreements and transactions have been executed, expanding exposure to critical minerals and base metals.

• Focus remains on advancing projects from grassroots to feasibility and production, aiming for several paying royalties by 2030.

Financial and strategic outlook

• Strong balance sheet with no debt, tight capital structure, and a history of avoiding shareholder dilution.

• Revenue growth driven by royalties, options, and advanced royalty payments, with several projects nearing production.

• Conservative approach to acquiring new royalties, prioritizing NAV-accretive deals and avoiding overpayment.

• Institutional ownership is increasing as retail investors realize gains, with a focus on maintaining liquidity and attracting quality shareholders.

• Management emphasizes protecting shareholder value and executing transactions that maximize returns.

Operational achievements and future plans

• Completion and commissioning of a state-of-the-art tungsten mine, with automated processing and advanced water treatment facilities.

• Ramp-up to full production expected by Q3, with significant positive impact on financials anticipated.

• Expansion and reopening of additional assets, including Los Santos and Panasqueira, and gradual development at Gentung.

• Ongoing drilling and resource updates for molybdenum, with a revised resource report targeted for summer.

• Commitment to ESG principles, community relations, and leveraging technology for operational efficiency.