Northwire Canada EditionSunday, July 12, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Production / Operations Neutral

Armory Mining To Conduct Two Geophysical Surveys At The Ammo Gold-Antimony Project, Nova Scotia, Canada

Armory Mining Advances Nova Scotia Geophysics Amidst Price Erosion and Dilution Concerns

By The Northwire Desk — AI Analysis May 27, 2026 · 03:05 ARMY · 0.025 Armory Mining Corp.
Executive Summary
  • Armory Mining Corp. contracted Terraquest Airborne Geophysics to perform high-resolution heliborne Magnetic (Mag) and Spectrometric (Spec) surveys at the Ammo Gold-Antimony Project in Nova Scotia.
  • Survey completion is scheduled for July 2026, with objectives to map structural controls and alteration footprints to guide future drilling.
  • The project covers approximately 3,020 hectares surrounding the historic West Gore mine, which produced antimony and gold between 1914–1917.
  • Historical drill assays cited include up to 10.25% Sb and 6.5 g/t Au; grab samples reached 24.4% Sb and 53.4 g/t Au.
  • CEO Alex Klenman emphasized the strategic importance of antimony due to Western critical mineral defense agendas and global structural deficits.
Material Impact
  • The news represents a continuation of previously announced exploration activities (Phase 1 work program budgeted at C$656,000 in Dec 2025).
  • No new drill results or resource estimates are provided; the survey is pre-drilling data collection intended to de-risk future phases.
  • Market sentiment has been negative with stock price declining from $0.09 (Nov 2025) to $0.03 (May 2026), suggesting investors view this as expected cash burn without immediate upside catalysts.
  • The announcement does not alter the fundamental risk profile or capital requirements significantly compared to prior disclosures in Feb/Mar 2026.
ARMY · Price
Company Overview
  • Armory Mining Corp. focuses on critical minerals including antimony, gold, and lithium.
  • Flagship Project: Ammo Gold-Antimony Project in Nova Scotia (100% owned option/interest surrounding historic West Gore mine).
  • Secondary Projects: Riley Creek Antimony-Gold Project (British Columbia) with acquired 1995 geophysical data; Candela II Lithium Brine Project (Argentina) with scoping study underway.
  • Management: Alex Klenman (CEO), Babak V. Azar P.Geo., Harrison Cookenboo Ph.D. (Qualified Persons).
Read the original news release →

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