Repurchase Program Aims to Create Shareholder Value by Capturing Disconnect Between Share Price and Value of Almonty’s Strategic Tungsten Assets and Growth Prospects Ahead of Initial Sangdong Revenues

Almonty Industries Inc. ("Almonty" or the "Company") (NASDAQ:ALM) (ASX: AII) (Frankfurt: ALI1), a leading global producer of tungsten concentrate, today announced the approval by the Company’s Board of Directors (the "Board") of a new share repurchase program (the "2026 Share Repurchase Program").

The 2026 Share Repurchase Program will permit the purchase of up to 14,400,000 common shares (approximately five percent of Almonty’s outstanding shares as of August 14, 2026) for an aggregate purchase price of up to US$300,000,000 over the 36-month period commencing on August 24,2026and endingAugust 24, 2029. Purchases may be made on the open market through the facilities of the Nasdaq Stock Market (the "Nasdaq") and/or alternative trading systems at market price, as well as by other means permitted by stock exchange rules and Canadian and U.S. securities laws, including the safe harbor provisions of Rule 10b-18 under the Securities Exchange Act of 1934, as amended.