Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Armory Mining ( (TSE:ARMY) ) has provided an update.
Armory Mining Corp. has begun planning a phase one exploration program at its Ammo antimony-gold project in Nova Scotia, a 3,092-hectare land package that encircles the historic West Gore antimony-gold mine, which produced prior to World War I and is now owned by Military Metals. The initial work, backed by a budget of up to C$500,000, will involve prospecting, reconnaissance, surface sampling and geophysics to define priority drill targets, underscoring Armory’s strategy to systematically advance its portfolio of critical mineral assets and secure domestic supplies of antimony and gold for strategic sectors.
More about Armory Mining
Armory Mining Corp. is a Canadian mineral exploration company focused on commodities deemed critical to the energy, security and defense sectors. The company holds an 80% interest in the Candela II lithium brine project in Argentina, along with options to acquire full interests in the Riley Creek and Ammo antimony-gold projects in British Columbia and Nova Scotia, respectively, positioning it in both battery metals and strategic precious/industrial metals.
Average Trading Volume: 689,555
Technical Sentiment Signal: Sell
Current Market Cap: C$3.5M
For a thorough assessment of ARMY stock, go to TipRanks’ Stock Analysis page.