ALMONTY INDUSTRIES INC. DISCLOSURECurrent Reports (8-K / ad hoc)

Share Repurchase Program of Up to US$300,000,000

Almonty Announces New Share Repurchase Program of Up to US$300,000,000 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 DILLON, Montana – August 17, 2026 – 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 Board authorized this program because we do not believe today’s share price reflects the underlying value of this Company or the assets behind it,” said Lewis Black, Chairman, President and Chief Executive Officer of Almonty. “Almonty controls one of the largest and highest-grade tungsten deposits outside of China at precisely the moment Western governments and defense manufacturers are rebuilding their critical minerals supply chains around non-Chinese sources. With Sangdong advancing toward full capacity, we believe our own shares are one of the most attractive investments available to us at current market pricing, and repurchasing them is a direct way to build value for the shareholders who own this business alongside us.” 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, 2026 and ending August 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. Almonty may enter into one or more automatic share purchase plans (each, a “Rule 10b5-1 Plan”) with a broker to permit Almonty to purchase common shares under its 2026 Share Repurchase Program during internal blackout periods. Such purchases would be at the discretion of the broker based on prearranged parameters. The Rule 10b5-1 Plans ma