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An announcement from Armory Mining ( (TSE:ARMY) ) is now available.
Armory Mining Corp., a Canadian explorer targeting critical minerals for energy, security and defense applications, operates a portfolio that includes the Ammo and Riley Creek antimony-gold projects in Canada and an 80% stake in the Candela II lithium brine project in Argentina’s Incahuasi Salar. The company has announced plans to launch a scoping study on its Candela II lithium brine asset, which hosts an inferred in-situ resource of 457,000 tonnes of lithium carbonate and is located in Argentina’s high-profile Lithium Triangle alongside operations held by Ganfeng Lithium, Rio Tinto and Power Minerals. The study is intended to assess the project’s technical and economic viability, including potential production, resource expansion, capital and operating costs, as well as environmental and regulatory factors, providing an important step toward defining the development pathway and market positioning of this strategic lithium asset amid current battery-grade lithium pricing.
More about Armory Mining
Armory Mining Corp. is a Canadian exploration company focused on minerals critical to the energy, security and defense sectors. It holds a 100% interest in the Ammo antimony-gold project in Nova Scotia, an 80% interest in the Candela II lithium brine project in the Incahuasi Salar in Argentina, and an option to acquire a 100% interest in the Riley Creek antimony-gold project in Haida Gwaii, British Columbia.
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.