The
material subsidiaries of the Company as at December 31, 2025 are as follows:
Schedule
of material subsidiaries of the company
| Subsidiary |
|
Location |
|
Ownership
interest |
|
Operations
and development
projects owned |
| Woulfe
Mining Corp. (“Woulfe”) |
|
Canada |
|
100% |
|
AKTC |
| Almonty
Korean Tungsten Corporation (“AKTC”) |
|
Korea |
|
100% |
|
Sangdong
Mine |
| Beralt
Tin and Wolfram Portugal SA (“BTW”) |
|
Portugal |
|
100% |
|
Panasqueira
Mine |
| Daytal
Resources Spain S.L. (“Daytal”) |
|
Spain |
|
100% |
|
Los
Santos Mine |
| Valtreixal
Resources Spain S.L. (“VRS”) |
|
Spain |
|
100% |
|
Valtreixal
Project |
| U.S.
Tungsten Inc. (“UST”) |
|
U.S.A. |
|
100% |
|
Gentung-Browns
Lake Project |
| Apex
Garnet Inc. (“Apex”) |
|
U.S.A. |
|
100% |
|
Gentung-Browns
Lake Project |
|