Almonty Industries Advances Strategic Relocation to US Following Key Shareholder Approvals

Almonty Industries, a leading global tungsten concentrate producer, recently held its Annual General Meeting, where shareholders approved key proposals including director elections, auditor reappointment, and a share consolidation. Concurrently, the company is advancing plans to relocate its incorporation to the United States, a strategic move aimed at enhancing market access and aligning with critical materials policies.

Shareholder Approvals At Annual General Meeting

Almonty Industries Inc. (TSX: AII, ASX: AII, OTCQX: ALMTF, Frankfurt: ALI) announced the successful outcomes of its Annual General and Special Meeting of Shareholders held on April 30, 2025. Shareholders overwhelmingly approved all management proposals, demonstrating strong confidence in the company's strategic direction.

Key approvals included:

• Election of Directors: All seven nominees, including Lewis Black and General Gustave F. Perna, were elected to the Board with significant support, each receiving over 99% of votes in favor.
• Auditor Reappointment: Zeifmans LLP was reappointed as the company's auditor until the next annual meeting, with 99.92% of votes in favor.
• Share Purchase Warrant Amendment: An amendment to extend the term of 700,000 share purchase warrants to February 19, 2026, was approved by disinterested shareholders.
• Share Consolidation: A proposal to consolidate common shares at a ratio of up to five pre-consolidation shares for one post-consolidation share was approved. The Board is authorized to determine the exact ratio and timing, not later than April 30, 2026.
• Omnibus Equity Incentive Plan: The company's omnibus equity incentive plan received approval, with 99.52% of votes in favor.

Strategic Relocation To The United States

Almonty Industries is actively pursuing a strategic relocation of its jurisdiction of incorporation from Canada to the State of Delaware, USA. This

Sources

• Almonty Industries Announces Results of Annual General and Special Meeting of Shareholders, Junior Mining Network.
• Almonty Industries Announces Intention to Relocate to the United States, Junior Mining Network.