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Armory Mining To Conduct a Series of Airborne Geophysics Surveys at the Ammo Gold-Antimony Project
Thenewswire· 2026-02-09 08:05
Core Viewpoint - Armory Mining Corp. is preparing to conduct airborne geophysics surveys at the Ammo antimony-gold project in Nova Scotia, Canada, which is crucial for defining drill targets and advancing exploration efforts [1][4]. Group 1: Survey Details - The airborne geophysics surveys will utilize efficient 50-meter flight lines to gather data on sulfide mineralization, sericite and potassic alteration, and uranium anomalies [2]. - The company plans to conduct a magnetic survey to assess geological characteristics, an electromagnetic survey to gather data on sulfide mineralization, and a radiometric survey to explore correlations with uranium anomalies [3]. Group 2: Project Background - Armory Mining Corp. holds a 100% interest in the Ammo project, which includes three contiguous mineral claims surrounding the historical West Gore antimony-gold mine, covering approximately 3,020 hectares [8][9]. - The geological setting of the Ammo project includes sericitic slates and arenites of the Halifax formation, with mineralization associated with quartz-carbonate veins and various sulfides [8].
Armory Mining Provides Corporate Update
Thenewswire· 2026-01-19 08:05
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]
Armory Mining Engages Castello Q Exploration for Ammo Antimony-Gold Work Program
Thenewswire· 2025-12-22 08:05
Core Viewpoint - Armory Mining Corp. has engaged Castello Q Exploration Corp to initiate a phase one work program at its Ammo Antimony-Gold project in Nova Scotia, Canada, focusing on minerals critical to energy, security, and defense sectors [1]. Group 1: Project Overview - The Ammo project encompasses a 3,092-hectare exploration area that is contiguous to the historical West Gore antimony-gold mine, which produced significant amounts of antimony and gold prior to World War I [2]. - Historical production records from West Gore indicate nearly 32,000 metric tons of output between 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 by 1917 [3]. Group 2: Exploration Program - The initial phase one exploration program will include data compilation, prospecting, reconnaissance, detailed surface sampling, and geophysics to identify favorable geology and prioritize drill targets [5]. - The company has allocated a budget of up to $656,000 CAD for this initial phase of exploration [5]. Group 3: Company Background - Armory Mining Corp. is a Canadian exploration company focused on minerals essential for the energy, security, and defense sectors, holding a 100% interest in both the Ammo antimony-gold project and the Riley Creek antimony-gold project in British Columbia [8].
Armory Mining Announces Closing of Flow-Through Financing
Thenewswire· 2025-12-19 21:05
Core Viewpoint - Armory Mining Corp. has successfully closed a non-brokered private placement offering, raising gross proceeds of $666,655.01 through the issuance of 9,523,643 flow-through units at a price of $0.07 per unit [1]. Group 1: Offering Details - Each flow-through unit consists of one common share and one-half of a transferable common share purchase warrant, with each whole warrant allowing the purchase of one additional common share at $0.09 until December 19, 2028 [2]. - The proceeds from the offering will be allocated to Canadian exploration expenses at the Ammo project in Nova Scotia [3]. - The company paid finder's fees totaling $53,122.40 and issued 758,891 finder's warrants, with exercise prices of $0.07 and $0.09 per share, valid until December 19, 2028 [4]. Group 2: Securities and Compliance - All securities issued under the offering are subject to a four-month hold period, expiring on April 20, 2026, in accordance with Canadian securities laws [5]. - Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security, and defense sectors, controlling a 100% interest in the Ammo project and an 80% interest in the Candela II lithium brine project in Argentina [6].
Armory Mining Announces Flow-Through Financing
Thenewswire· 2025-12-02 23:30
Core Viewpoint - Armory Mining Corp. is initiating a non-brokered private placement offering of up to 14,285,714 flow-through units at a price of $0.07 per unit, aiming to raise gross proceeds of up to $1,000,000 for exploration activities [1][3]. Group 1: Offering Details - Each flow-through unit consists of one common share and one transferable common share purchase warrant, allowing the holder to purchase an additional common share at $0.09 for three years [2]. - The proceeds from the offering will be allocated to eligible Canadian exploration expenses at the Ammo project in Nova Scotia [3]. - The company may issue finder's fee warrants, which will allow the purchase of additional common shares at $0.07 for three years [3]. Group 2: Regulatory and Compliance Information - All securities issued under the offering will be subject to a four-month hold period in accordance with Canadian securities laws and CSE policies [4]. - The completion of the offering is contingent upon receiving necessary approvals, including from the CSE [4]. Group 3: Company Overview - Armory Mining Corp. focuses on minerals critical to the energy, security, and defense sectors, holding 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 [5].
Armory Mining Provides Update on the Candela II Lithium Brine Project, Incahuasi Salar, Argentina
Thenewswire· 2025-12-01 08:05
Core Insights - Armory Mining Corp. is advancing its Candela II lithium brine project in Argentina, focusing on minerals critical to energy, security, and defense sectors [1][6] - The company plans to conduct a scoping study to assess the technical viability and economic potential of the Candela II project, which has an inferred resource of 457,000 tonnes of lithium carbonate in-situ [2][3] Project Development - The scoping study aims to provide preliminary estimates of production potential, resource expansion, capital and operating costs, and will also evaluate environmental impacts and regulatory requirements [3] - The current market price for lithium carbonate is $13,401 per ton for 99.5% battery grade as of November 17, 2025 [2] Location and Competition - The Candela II project is situated in the 'Lithium Triangle' of South America, near major players like Ganfeng Lithium, Rio Tinto, and Power Minerals [4] - Ganfeng Lithium, the largest producer of battery-grade lithium in China, holds an adjacent concession and a production well approximately 9.8 km from Candela II [4]
Armory Mining Adds Tom Clarke, P.Geo to its Advisory Committee
Thenewswire· 2025-11-27 08:05
Core Insights - Armory Mining Corp. has appointed geologist Tom Clarke to its Advisory Committee, enhancing its expertise in mineral exploration critical to energy, security, and defense sectors [1][5] - The company has joined the Critical Minerals Institute (CMI), which focuses on addressing challenges and opportunities in the critical minerals sector [6][7] Company Developments - Tom Clarke is a registered geoscientist with 21 years of experience in geology, having worked on various projects across multiple continents [2][3][4] - Clarke's previous roles include directing exploration at Bonterra Resources, where he contributed to defining a compliant resource on the Gladiator gold deposit [3] - The company controls a 100% interest in the Ammo antimony-gold project in Nova Scotia, an 80% interest in the Candela II lithium brine project in Argentina, and an option for a 100% interest in the Riley Creek antimony-gold project in British Columbia [8] Industry Context - The Critical Minerals Institute serves as a hub for companies, capital markets, and experts in the critical minerals industry, promoting education, collaboration, and networking opportunities [6][7] - CMI aims to provide insights into the value and sustainability of critical materials essential for technological and industrial advancement [6]
Armory Mining to Reprocess Historical Airborne Geophysical Data at Riley Creek Antimony-Gold Project, British Columbia
Thenewswire· 2025-11-25 08:05
Core Viewpoint - Armory Mining Corp. is set to reprocess historical airborne geophysical data from its Riley Creek Antimony-Gold Project using modern interpretation techniques to enhance exploration efforts and identify drill targets [1][3][4]. Historical Geophysical Survey - A comprehensive airborne survey was conducted in 1995 covering approximately 575 line-kilometers, utilizing advanced systems including a multi-coil, multi-frequency DIGHEM™ system and high-sensitivity cesium magnetometer [1][2]. Modernization Program - The company plans to digitize the entire geophysical dataset and apply contemporary processing algorithms that were not available in the 1990s, which will allow for improved data filtering, 3D modeling, and integration of multiple datasets [3][4]. Project Details - The Riley Creek Project is located on Graham Island, British Columbia, and is accessible year-round via logging roads. The regional geology includes Jurassic sedimentary rocks and Tertiary volcanic flows [5]. Company Overview - Armory Mining Corp. focuses on minerals critical to energy, security, and defense sectors, holding an 80% interest in the Candela II lithium brine project in Argentina and options for 100% interests in both the Riley Creek and Ammo antimony-gold projects [6].
Armory Mining Plans Exploration Program at the Ammo Antimony-Gold Project
Thenewswire· 2025-11-20 08:05
Core Insights - Armory Mining Corp. has initiated planning for a phase one exploration program at the Ammo antimony-gold project in Nova Scotia, Canada [1][3] - The Ammo project encompasses over 3,000 hectares and is adjacent to the historical West Gore antimony-gold mine, which produced these minerals prior to World War I [2] - The initial phase will involve prospecting, reconnaissance, sampling, and geophysics, with a budget of up to $500,000 CAD allocated for this exploration [3] Company Overview - Armory Mining Corp. focuses on minerals critical to the energy, security, and defense sectors [6] - 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, along with an option to acquire a 100% interest in the Ammo project [6] Strategic Goals - The CEO emphasized the importance of identifying domestic sources of critical minerals and advancing current assets [4]
Armory Mining Engages Plutus Invest & Consulting GmbH
Thenewswire· 2025-11-17 13:00
Core Viewpoint - Armory Mining Corp. has entered into a marketing agreement with Plutus Invest and Consulting GmbH to enhance corporate awareness in Europe through marketing and communications services from November 17, 2025, to May 16, 2026 [1][2]. Group 1: Marketing Agreement Details - The initial fee for the marketing services is set at €100,000, with a potential additional fee of up to €250,000 if the campaign is extended [2]. - No securities will be issued to Plutus as compensation for the media services [2]. - The agreement was negotiated at arm's length and is subject to certain conditions, including the submission of required forms to the Canadian Securities Exchange (CSE) [3]. Group 2: Company Overview - Armory Mining Corp. is focused on the exploration of 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, along with an option for a 100% interest in the Ammo antimony-gold project in Nova Scotia [4].