Armory Mng Stock Price, News & Analysis

Armory Mining Corp. (OTC Pink: RMRYF), also trading on the Canadian Securities Exchange under the symbol ARMY and on the Frankfurt Stock Exchange under the symbol 2JS, is a Canadian mineral exploration company. According to its public disclosures, the company focuses on minerals that are considered critical to the energy, security and defense sectors, with a portfolio that includes lithium, silver, antimony and gold projects.

Armory Mining describes itself as a lithium-focused mineral exploration company with an 80% interest in the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. This project is situated in what the company refers to as Argentina's "Lithium Triangle" and represents its principal lithium brine asset. The company reports that this interest is held as part of its broader strategy to explore and develop minerals that align with growing demand in energy-related applications.

In addition to its lithium asset, Armory Mining states that it holds a 100% interest in the Kaslo Silver project, a land package located west of Kaslo in British Columbia's historic Slocan Mining Division. Company disclosures note that this project features historic silver production and more recent drill holes. These characteristics position Kaslo Silver as a silver-focused exploration property within the company's portfolio.

The company also reports a 100% interest in mineral claims on the west side of Graham Island in Haida Gwaii, British Columbia, referred to in later disclosures as the Riley Creek antimony-gold project. This project is described as an antimony-gold prospect, and Armory has indicated that it is working on a National Instrument 43-101 Technical Report for this asset, with exploration plans to follow once that report is finalized.

Armory Mining further holds an option agreement to acquire a 100% interest in the Ammo antimony-gold project in Nova Scotia, also referred to as the Ammo Exploration Property. The company states that this approximately 3,000-hectare property is located adjacent to and surrounding the past-producing West Gore antimony-gold mine in central Nova Scotia. Historical information cited in the company’s news releases notes that the West Gore mine saw production from the early 1880s to 1917 and includes multiple underground levels and drill holes, which provides geological context for Armory’s exploration efforts at Ammo.

According to its recent announcements, Armory Mining has initiated a geological, geophysical and multispectral dataset compilation and integration program for the Ammo Property under contract with consultants Avant Exploration. The work includes compiling regional and local geological, geophysical and geochemical maps and datasets, creating a GIS database and proprietary maps, and evaluating available multispectral satellite data such as Sentinel-2 MSI, Landsat-8, ASTER and ALOS PALSAR radar. The company states that this analysis is intended to identify potential antimony-gold exploration targets and generate priority drill targets for future field inspection.

Corporate updates from Armory Mining indicate that the company has pursued various private placement and LIFE (Listed Issuer Financing Exemption) offerings to fund exploration work on its projects, particularly the Kaslo Silver project and the Nova Scotia Ammo property, as well as for working capital and general corporate purposes. These financings have involved the issuance of common shares, units with share purchase warrants, and finders’ fees in the form of cash, warrants and shares, as described in the company’s news releases.

Armory Mining has also reported corporate developments, including a completed share exchange with Antimony Assets Inc., a privately held British Columbia company that holds an interest in mineral claims in Haida Gwaii, British Columbia. Following this transaction, the company completed a name change from Spey Resources Corp. to Armory Mining Corp., with corresponding changes to its trading symbols on the CSE and OTC markets. Subsequent disclosures have emphasized the company’s focus on antimony prospects and other minerals relevant to security and defense applications.

In its public communications, the company highlights that it is reviewing potential additions to its project portfolio to increase assets that fit the needs of demand for minerals considered critical to the security and defense sectors. It has also disclosed marketing and digital marketing agreements intended to support investor awareness, including services such as advertorial content, advertising campaigns and keyword optimization.

Armory Mining’s activities, as described in its news releases, are centered on early-stage exploration, data compilation, technical reporting, and financing to advance its lithium, silver, antimony and gold projects. Investors and observers can refer to the company’s public disclosure record on SEDAR+ for technical reports, offering documents and other regulatory filings related to its exploration properties and corporate actions.