Almonty Industries issues 2.5m new shares after conversions

Almonty Industries Inc. has issued and allotted a total of 2,503,358 common shares, as detailed in an Appendix 3G notification dated October 16, 2025. These issuances resulted from the exercise or conversion of several classes of unquoted securities, including restricted share units, options, and warrants.

A significant portion of the new shares were issued from the conversion of warrants and options. Notably, 1,333,333 warrants expiring 23-DEC-2027 were converted into 1,333,333 common shares on October 14, 2025. Additionally, 727,272 warrants expiring 23-MAY-2026 were converted into 727,272 common shares on the same date. Further conversions included 296,296 options expiring 27-OCT-2026, issued on October 14, 2025.

Other conversions included restricted share units, which led to the issuance of 146,457 common shares on October 15, 2025. Several option classes also contributed to the new share count through cashless exercises. For instance, 33,333 options expiring 27-OCT-2030, exercisable at C$1.05 each, resulted in 30,829 common shares, while 33,333 options expiring 07-JAN-2030, exercisable at C$0.735 each, led to 31,528 common shares. All new shares will rank equally with existing issued common shares from their issue date.