Armory Mining Corp. Announces LIFE Offering and New Chairman Appointment

Armory Mining Corp., listed on the CSE as ARMY, is initiating a non-brokered private placement LIFE offering. This operation aims to raise between $500,000 and $680,000 through the issuance of at least 3,703,703 and up to 5,037,037 common shares at $0.135 per share. The proceeds will support exploration of the Kaslo Silver and Nova Scotia Ammo projects. Conditions, including regulatory approvals, must be met, with a closing targeted for January 10, 2025.

The company is also appointing Arjun Grewal as Chairman of the Board. With extensive military and defense technology experience, including roles at IBM and as CEO of Ventus Respiratory Technologies, Grewal's appointment is anticipated to strengthen Armory Mining's strategic direction, particularly in securing critical minerals.