Almonty Industries Appoints General Gustave F. Perna to Board of Directors

Almonty Industries Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI) (“Almonty” or the “Company”), a leading global producer of tungsten concentrate, today announced the appointment of General Gustave F. Perna to the Company’s Board of Directors, effective March 20, 2025.

General Perna brings extensive executive and military leadership experience to Almonty, with a strong background in strategy, supply chain management, logistics, and talent development across high-paced global industries. His expertise spans the technology, sports, entertainment, and defense sectors, where he has played an active role in corporate governance. He currently serves as a Director on the boards of Allison Transmission, MD Helicopters, 280 Earth, Paradigm Health, and Corvias, contributing to Audit, Compliance, and Nominating & Corporate Governance Committees.

Prior to his corporate governance experience, from 2020 - 2021 General Perna co-led Operation Warp Speed, the U.S. national initiative focused on the rapid research, development, production, and distribution of vaccines and therapeutics to combat COVID-19. From 2016 to 2020, General Perna served as Commander of the U.S. Army Materiel (AMC) Command, comprising over 190,000 Soldiers, civilians, and contractors. Under his leadership, AMC delivered comprehensive logistics, sustainment, and materiel readiness solutions from installation-level support to forward tactical operations, ensuring globally dominant land force capabilities.

In addition, General Perna has held several high-ranking positions throughout his distinguished military career. He served as Deputy Chief of Staff, G-4 (SVP for Logistics) for the Department of the Army (2014–2016), Commanding General (CEO) of the Joint Munitions Command (2010–2012), and Director, J-4, United States Forces – Iraq (2009–2010), overseeing multinational logistics during Operation Iraqi Freedom/New Dawn. He also led as Commanding General (CEO) of the Defense Supply Center – Philadelphia within the Defense Logistics Agency (2008–2009), reinforcing his deep expertise in global supply chain management and strategic logistics operations.

Lewis Black, President & CEO of Almonty, commented: “We are thrilled to welcome General Perna to Almonty’s Board of Directors. His unparalleled expertise in global logistics, supply chain strategy, and defense-related industries will be instrumental as we transition our corporate domicile to the United States and strengthen our role as a critical tungsten supplier to American industry. General Perna’s decades of leadership at the highest levels of the U.S. military and private sector bring a strategic perspective that aligns perfectly with Almonty’s long-term vision. His deep understanding of operational efficiency and national security supply chains will help guide us through this next phase of growth. We are also deeply grateful for his service to the United States and his unwavering commitment to advancing strategic industries.”