Armory Mining Corp. (ARMY:CSE; RMRYF:OTC; J2S:FRA) announced that it has acquired historical geological data for its Riley Creek antimony-gold project in British Columbia and plans to conduct a detailed analysis using modern interpretation methods and advanced software. The company stated that it anticipates commencing the data review immediately and intends to begin its previously stated work within the next 90 days.
The acquired dataset includes results from a 1995 airborne geophysical survey conducted by Dighem, which incorporated magnetometer, electromagnetic, and radiometric data. The survey covered approximately 575 line kilometres using east-west-oriented flight lines spaced at 100-meter intervals. According to the original 1997 interpretation, the survey identified 11 areas of interest based on geophysical anomalies and structural complexity, including multiple fault systems, potential intrusive contacts, radiometric anomalies, and electromagnetic conductors that warranted follow-up ground evaluation.
Armory stated that it plans to digitize and analyze the complete dataset using current processing algorithms and interpretation techniques that were not available at the time of the original survey. The company noted that advances in geophysical software allow for enhanced data filtering, three-dimensional modelling, and integration of multiple datasets.
"By applying modern processing techniques to this high-quality dataset, we believe it will yield valuable insights and assist us in identifying priority drill targets. This work will help to improve our understanding of the structural controls on antimony mineralization in this highly prospective area," said Alex Klenman, Chief Executive Officer, in a company news release.
The Riley Creek project is located on Graham Island in the Queen Charlotte Islands, British Columbia, and is accessible year-round via logging roads. The regional geology includes Jurassic Yakoun Formation sedimentary rocks, Tertiary Masset Formation volcanic flows and pyroclastics, and Tertiary plutonic intrusions of the Kano suite.
The company also stated that the technical content of the news release was reviewed and approved by a qualified person, and that historical information provided has not been verified and is being treated as historic.
Antimony Supply Dynamics and Precious Metals Positioning
In the precious metals market, BNN Bloomberg reported on March 24 that commodities and metals had drawn renewed attention amid inflation and geopolitical pressures. According to Mike Philbrick, CEO of Resolve Asset Management, "broad commodities can help with inflation and geopolitical shocks, and gold remains a classic monetary hedge and portfolio stabilizer." He stated that "gold remains a classic hedge against monetary instability, geopolitical stress and declining confidence in policy frameworks," and added that commodities provided "direct exposure to rising input costs, supply disruptions and geopolitical stress."
Philbrick also noted that changing macroeconomic conditions had influenced portfolio strategies, stating that "that leaves gold as a key diversifier" as traditional stock and bond correlations shifted. The report further stated that commodities could play a role in diversification as inflation and geopolitical developments affected market behavior.
On March 25, commentary from Gold Advisor discussed ongoing volatility in gold markets, noting price movements within a short period. Jeff Valks, Senior Analyst, wrote that "price action like this usually means one of two things: it's a holding period or it's a buying period," while also stating that "the fundamentals haven't changed."
A March 26 report from Mining stated that antimony remained a central focus for Western governments, particularly the United States, due to its role in strategic applications. The publication wrote that antimony had been described by BMO Capital Markets as the "most critical" metal, citing its importance in defence and security-related uses. According to BMO Capital Markets analysts George Heppell and Helen Amos, "antimony is a strategically vital input for military and defence applications where substitution is undesirable or impossible."
The same report noted that global supply was highly concentrated, with China, Myanmar, Tajikistan and Russia accounting for most production. Heppell and Amos stated that "collectively, these countries represent the vast majority of global mine supply," highlighting exposure to export controls and geopolitical risks. They also said that "from a strategic perspective, reliance on such sources does little to improve supply security for Western consumers."
Mining also reported that antimony prices had risen from US$13,500 per tonne in April 2024 to a peak of US$59,700 per tonne in mid-2025 following export controls, before moderating to around US$25,000 per tonne. BMO Capital Markets stated that recent price movements had been influenced by increased artisanal supply and substitution trends, noting that "while substitution and artisanal supply growth have alleviated near-term shortages, they do not address the deeper structural risks embedded in antimony's defence relevance, geographic concentration, and downstream processing bottlenecks."
Exploration Programs and Planned Work Streams Across Key Projects
Armory Mining outlined multiple exploration activities and work programs across its portfolio, including Riley Creek and the Ammo antimony-gold project in Nova Scotia, as described in its corporate presentation.
At Riley Creek, the company plans to digitize and reprocess the full 1995 DIGHEM airborne dataset using modern software. The program includes enhanced filtering, three-dimensional modelling, and integrated analysis aimed at refining geological understanding and supporting future drill targeting. The historical survey, which covered 575 line kilometres at 100-meter spacing, previously identified eleven geophysical target areas associated with fault systems, intrusive contacts, radiometric anomalies, and electromagnetic conductors.
Streetwise Ownership Overview*
Armory Mining Corp. (ARMY:CSE; RMRYF:OTC; J2S:FRA)
At the Ammo property in Nova Scotia, Armory outlined a phased exploration program planned for 2025. Phase one will consist of prospecting and reconnaissance activities to identify favorable geology. This will be followed by detailed surface sampling and geophysical surveys designed to assist in determining priority drill targets. The company stated that it plans to allocate up to $500,000 CDN for the initial phase of exploration and noted that planning is underway, with additional details expected to be provided in the coming weeks.
The Ammo property spans 3,092 hectares surrounding the historic West Gore antimony-gold mine and is positioned near a past-producing operation. The company stated that its exploration program aims to leverage historical data alongside modern exploration techniques to identify new high-grade targets across the property.
Across its broader portfolio, Armory Mining is engaged in exploration programs targeting uranium, gold, and precious metals, with drilling activities planned as part of its ongoing work programs.
Ownership and Share Structure 1
0.65% of Armory Mining is held by management and insiders. The rest is retail.
As of March 27, Armory Mining Corp. had approximately 69.9 million shares outstanding and a market capitalization of about CA$2.45 million. The company's 52-week trading range was approximately CA$0.03 to CA$0.17.
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Important Disclosures:
- Armory Mining Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
- As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Armory Mining Corp.
- James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
