Exhibit 4.9
MATERIAL CHANGE REPORT
(Form 51-102F3)
| 1. | Name and Address of the Issuer |
Almonty Industries Inc. (the “Company” or “Almonty”)
100 King Street West, Suite 5700
Toronto, Ontario M5X 1C7
| 2. | Date of Material Change |
March 20, 2025.
| 3. | News Release |
On March 24, 2025, a news release was disseminated through BusinessWire and subsequently filed on the System for Electronic Document Analysis and Retrieval (SEDAR+).
| 4. | Summary of Material Change |
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) announced the appointment of General Gustave F. Perna to the Company’s Board of Directors, effective March 20, 2025.
| 5. | Full Description of Material Change |
Almonty Industries Inc. (“Almonty” or the “Company”) (TSX: AII / ASX: AII / OTCQX: ALMTF / Frankfurt: ALI) announced the appointment of General Gustave F. Perna to the Company’s Board of Directors, effective March 20, 2025.
| 6. | Reliance on subsection 7.1(2) of National Instrument 51-102 |
Not applicable.
| 7. | Omitted Information |
Not applicable.
| 8. | Executive Officer |
Lewis Black, Chairman, President and Chief Executive Officer of Almonty, is knowledgeable about the material change and may be reached at (647) 438-9766.
| 9. | Date of Report |
March 24, 2025.