Northwire Canada EditionSunday, November 1, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
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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