SCHEDULE 13G/A

Algoma Steel Group Inc

Common Shares, no par value · CUSIP: 015658107

Event date: 2025-09-30

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• MMCAP International Inc. SPC

  Shares: 8,078,828.00 · Class: 7.7%

• MM Asset Management Inc.

  Shares: 8,078,828.00 · Class: 7.7%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.