This market resolves YES if Almonty Industries shareholders approve the supplementary ballot resolution endorsing the doubling of Sangdong mine tungsten concentrate capacity (Phase 2 expansion from approximately 2,300 tpa to approximately 4,600 tpa) at the June 9, 2026 Annual General Meeting in Toronto.

YES if:

• The resolution on the Sangdong Phase 2 capacity-doubling expansion receives the required level of FOR votes under the applicable CBCA threshold (ordinary majority of votes cast, or special-resolution two-thirds of votes cast — whichever the supplementary circular specifies), AND

• The result is confirmed by Almonty's Form 51-102F3 Material Change Report filed on SEDAR+ or by the AGM voting results press release

NO if:

• The resolution fails to receive the required level of FOR votes

• The resolution is withdrawn or tabled at the AGM and not voted on

• The June 9, 2026 AGM is postponed past June 18, 2026 with no rescheduled vote occurring before settlement

• Almonty publicly substitutes or withdraws the Phase 2 resolution from the ballot before June 9, 2026 with no replacement vote

Resolution sources (priority order):

1. Almonty Industries Form 51-102F3 Material Change Report (SEDAR+)

2. Almonty Industries AGM voting results press release (almonty.com/news)

3. Computershare Investor Services tabulator report (transfer agent)

4. Supplementary management information circular detailing the resolution