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Armory Mining ( (TSE:ARMY) ) has provided an announcement.
Armory Mining Corp. announced the successful closing of its oversubscribed non-brokered private placement, raising $803,000 through the issuance of 16,060,000 units. The funds are intended for working capital and general corporate purposes, with the issuance subject to a four-month hold period. This financial move is expected to bolster the company’s operational capabilities and enhance its market position in the exploration of critical minerals.
More about Armory Mining
Armory Mining is a Canadian exploration company focused on minerals critical to the energy, security, and defence sectors. It 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.
YTD Price Performance: -65.91%
Average Trading Volume: 376,475
Technical Sentiment Signal: Sell
Current Market Cap: C$3.78M
For an in-depth examination of ARMY stock, go to TipRanks’ Overview page.