Almonty Industries director increases stake through warrant exercise

Thomas Gutschlag, a director of Almonty Industries Inc., increased his direct interest in the company by acquiring 100,000 common shares through the exercise of unlisted warrants. This transaction, dated November 28, 2025, involved a consideration of C$112,500.

Following the warrant exercise, Gutschlag's direct holdings now total 866,538 common shares. He also continues to hold numerous unlisted options with exercise prices ranging from CAD$0.495 to CAD$3.75 and expiration dates between August 2026 and April 2030. His indirect interest via Kooiker Investment GmbH, where he is managing director, remains unchanged at 28,333 common shares.

The change in interest primarily reflects the "Exercise of warrants," as detailed in the notice. The transaction did not occur during a closed period requiring prior written clearance.