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Armory Mining ( (TSE:ARMY) ) has shared an update.
Armory Mining Corp. has announced a non-brokered private placement offering of up to 15 million units at $0.05 per unit, aiming to raise up to $750,000. The proceeds will be used for working capital and general corporate purposes. Additionally, Alex Klenman, the CEO, has been appointed as a director, replacing Arjun Grewal, who will continue to support the company in an advisory role. This move is expected to strengthen the company’s leadership and support its strategic objectives in the exploration sector.
More about Armory Mining
Armory Mining Corp. is a Canadian exploration company that focuses on discovering and developing minerals critical to the energy, security, and defense sectors. The company holds an 80% interest in the Candela II lithium brine project in Argentina, a 100% interest in the Riley Creek antimony-gold project in British Columbia, and an option to acquire a 100% interest in the Ammo antimony-gold project in Nova Scotia.
Average Trading Volume: 353,954
Technical Sentiment Signal: Sell
Current Market Cap: C$3.52M
See more data about ARMY stock on TipRanks’ Stock Analysis page.