Almonty Industries (ASX:AII) confirmed it failed to meet the Australian Securities Exchange's (ASX) requirement to certify compliance with the Toronto Stock Exchange's rules on new securities issuance, citing an internal oversight, according to a Monday filing with the Australian bourse.

The company said the lapse was due to unassigned responsibility after its ASX listing and has since updated protocols and appointed its Chief Financial Officer Mark Gelmon to oversee future compliance, the filing said.