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Armory Mining ( (TSE:ARMY) ) has issued an announcement.
Armory Mining Corp. has successfully closed an oversubscribed private placement, raising $550,000.06 through the issuance of 10,000,001 units. Each unit consists of one common share and a warrant, allowing the purchase of an additional share at a set price until 2030. The proceeds will be used for working capital and general corporate purposes, with all securities subject to a four-month hold period. This financial move is expected to support Armory’s operational endeavors and enhance its market position in the critical minerals sector.
More about Armory Mining
Armory Mining Corp. is a Canadian exploration company that focuses on minerals critical to the energy, security, and defense sectors. The company holds an 80% interest in the Candela II lithium brine project in Argentina and 100% interests in the Riley Creek and Ammo antimony-gold projects in Canada.
Average Trading Volume: 439,218
Technical Sentiment Signal: Buy
Current Market Cap: C$4.03M
For an in-depth examination of ARMY stock, go to TipRanks’ Overview page.