Armory Mining Corp. reports that American Salars has relinquished its option to develop the Candela II lithium brine project and so the Company now has control of the Candela II property that covers 3,000 Has and has a inferred resource of 457,000 tonnes of lithium carbonate in-situ at Incahuasi Salar . This resource estimate was completed by WSP Australia. The current lithium carbonate price is $10,070 per tonne for [...]
Armory Mining Corp. is pleased to announce that Natural Resources Canada has conditionally approved funding for the critical minerals sector in Nova Scotia. Armory is pleased to see Natural Resources Canada investing in the province's critical minerals potential. This move aligns with the Company's mission to develop sustainable and responsible mining projects. The conditional funding approval for Nova Scotia is a [...]
Armory Mining Corp. a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, is pleased to announce initiation of geological, geophysical and multispectral dataset compilation and integration program to identify potential antimony-gold exploration targets on the Ammo Property, Nova Scotia, Canada. This program has begun under contract to [...]
Armory Mining Corp. a resource exploration company focused on the discovery and development of minerals critical to the energy, security and defense sectors, would like to provide a corporate update. The Company holds a portfolio of prospective projects that encompasses antimony, gold, silver and lithium projects. The Ammo Project is an ~3,000-ha gold-antimony prospect located in Nova Scotia, proximal to the [...]
Armory Mining Corp. would like to announce the appointment of Alex Klenman as Chief Executive Officer. Mr. Klenman is replacing Nader Vatanchi who has resigned as Chief Executive Officer and also as a director of the Company to pursue other opportunities. Mr. Klenman is an experienced junior mining executive whose career spans over 30 years in the private and public sectors, with an emphasis on business development [...]
Armory Mining Corp. is pleased to announce that it has closed its previously announced non-brokered private placement LIFE offering by issuing 5,016,111 common shares at a price of $0.135 per share for aggregate gross proceeds of $677,175. In connection with the Offering, the Company paid cash finder's fees of $65,017, issued 481,611 finder's warrants, and issued 370,500 finder's shares to eligible arm's length finders [...]
Armory Mining Corp. is pleased to announce a non-brokered private placement LIFE offering for total gross proceeds of a minimum of $500,000 and up to a maximum of $680,000, consisting of a minimum of 3,703,703 common shares of the Company and up to a maximum of 5,037,037 Common Shares at a price of $0.135 per Common Share . In connection with the Offering, the Company may pay finder's fees consisting of: cash finder's [...]
Armory Mining Corp. is pleased to announce that it has closed a non-brokered private placement offering , previously announced by the Company on November 19, 2024, by issuing 5,000,000 units at a price of $0.10 per Unit for aggregate gross proceeds of $500,000. The Company is seeking alternative non-dilutive financing arrangements. Each Unit will be comprised of one common share and one-half of one transferrable common [...]
Armory Mining Corp. is pleased to announce, further to its news release dated November 9, 2024, that it has completed the acquisition of Antimony Assets Inc. pursuant to a share exchange agreement dated November 8, 2024 among the Company, Antimony, and the shareholders of Antimony . The Company completed the acquisition from the Shareholders of all of the issued and outstanding common shares of Antimony in exchange for [...]
Spey Resources Corp. is pleased to announce that it has entered into a share exchange agreement dated November 8, 2024 with Antimony Assets Inc. and the shareholders of Antimony to acquire 100% of the issued and outstanding common shares of Antimony in consideration for an aggregate of 4,975,000 common shares of the Company at a deemed price of $0.0675 per share . Antimony is a privately held arm's length party that holds [...]
Spey Resources is pleased to announce that it has signed an option agreement with American Salars Lithium, whereby the Company has granted American Salars the option to acquire the Company's 80% interest in the Candela II Lithium Brine Project. Under the terms of the Agreement made between the Company, Amercian Salars and A.I.S. Resources, the Company and AIS shall sell their proportion of shares held in Spey Resources [...]
Spey Resources announces that the board of directors of the Company has approved the adoption of an advance notice policy to provide shareholders, directors and management of Spey with a clear framework for nominating directors. The Policy is meant to: facilitate an orderly and efficient annual and/or special meeting process; ensure all shareholders receive adequate notice of director nominations and sufficient [...]