Armory Mining Provides Corporate Update

Core Insights - Armory Mining Corp. is focused on the exploration and development of minerals critical to the energy, security, and defense sectors, with updates on exploration activities scheduled through Q2 2026 [1] Group 1: Ammo Gold-Antimony Project - The company has engaged Castello Q Exploration Corp to conduct an initial phase one work program at its 100% owned Ammo Antimony-Gold project in Nova Scotia, Canada [2] - The Ammo project spans 3,092 hectares and is contiguous to the historical West Gore antimony-gold mine, which produced significant quantities of antimony and gold during World War I [3] - Historical production records indicate nearly 32,000 metric tons of output from 1914-1917, yielding over 7,000 metric tons of antimony concentrate with a grade of 46% and a total of 6,861 ounces of gold recovered [4] - The initial work program will include data compilation, prospecting, reconnaissance, detailed surface sampling, and geophysics, with a budget of up to $656,000 CAD for this phase [5][6] Group 2: Candela II Lithium Deposit - The company is advancing its Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina, with a scoping study underway to evaluate its technical viability and economic potential [9][10] - The Candela II project has an inferred resource of 457,000 tonnes of lithium carbonate in-situ, as estimated by WSP Australia [10] - The lithium carbonate price has increased by 30% since the start of the year, reaching a two-year high, highlighting the project's significance for the company [11] - The project is situated in the 'Lithium Triangle,' an area known for lithium production, with Ganfeng Lithium, Rio Tinto, and Power Minerals operating nearby [12] Group 3: Company Overview - Armory Mining Corp. holds an 80% interest in the Candela II lithium brine project and 100% interest in both the Ammo antimony-gold project and the Riley Creek antimony-gold project located in British Columbia [14]