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Armory Mining Corp. Acquires Riley Creek Project Option
Thenewswireยท 2025-07-29 20:50
Core Points - Armory Mining Corp. has closed an assignment agreement to acquire a 100% interest in certain mineral claims in Haida Gwaii, British Columbia, which will be part of the Riley Creek Project [1] - The company will issue a total of 10,100,000 common shares as consideration for the assignment, with specific issuance dates and amounts outlined [2] - To exercise the option for the mineral claims, the company must incur $50,000 in exploration expenditures by October 31, 2025, and pay an additional $100,000 by October 31, 2026 [2] - The company has also completed the sale of its Kaslo Silver Property to 2724898 Alberta Inc., receiving $100,000 in cash and 1,500,000 common shares of 2724898 [5][6] - The company controls 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 [7]