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Armory Mining Announces Closing of Second and Final Tranche of Private Placement
Thenewswireยท2025-09-06 00:10

Core Points - Armory Mining Corp. has successfully closed the second and final tranche of its oversubscribed non-brokered private placement offering, raising a total of $853,000 [1][3] - The final tranche involved the issuance of 1,000,000 units at a price of $0.05 per unit, generating gross proceeds of $50,000 [2] - The funds raised will be utilized for working capital and general corporate purposes [3] Company Overview - Armory Mining is a Canadian exploration company focused on minerals critical to the energy, security, and defense sectors [4] - The company holds an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in the Riley Creek antimony-gold project in British Columbia [4] - Additionally, the company has an option to acquire a 100% interest in the Ammo antimony-gold project located in Nova Scotia [4]