Northwire Canada EditionFriday, August 28, 2026
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GOLD 4664.00 +0.2% SILVER 69.43 +0.9% COPPER 6.59 −1.6% OIL 83.53 +1.6% PALLADIUM 1358.50 +1.3% PTU 0.367 +0.7% TAU 3.68 +1.1% MOG 0.550 +0.0% NTH 0.165 +3.1% GWM 0.760 +13.4% IMM 0.060 +0.0% MUX 30.02 +3.0% UTWO 0.385 +1.3% AGI 52.56 +0.8% SGN 0.350 −2.8% VRR 0.470 +17.5% AUXX 11.00 +2.7% BTR 0.130 −1.9% CCMI 0.035 +0.0% LME 0.135 +3.9% TLG 2.37 +2.6% GOLD 4664.00 +0.2% SILVER 69.43 +0.9% COPPER 6.59 −1.6% OIL 83.53 +1.6% PALLADIUM 1358.50 +1.3% PTU 0.367 +0.7% TAU 3.68 +1.1% MOG 0.550 +0.0% NTH 0.165 +3.1% GWM 0.760 +13.4% IMM 0.060 +0.0% MUX 30.02 +3.0% UTWO 0.385 +1.3% AGI 52.56 +0.8% SGN 0.350 −2.8% VRR 0.470 +17.5% AUXX 11.00 +2.7% BTR 0.130 −1.9% CCMI 0.035 +0.0% LME 0.135 +3.9% TLG 2.37 +2.6%
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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