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Armory Mining Corp. (ARMY) Financings

CSE: ARMY · Silver · Exploration stage

Armory Mining Corp. ("ARMY") is a junior mineral exploration company. Armory is engaged in the business of acquiring, exploring and evaluating natural resource properties. Armory has an option to acquire a 100% undivided interest in the Silver Basin Property (the “Property”) located in the Revelstoke Mining Division, of southern British Columbia.

Armory Mining Corp. financial statements

Key figures read from 19 of 19 financial statement filings, Oct 29, 2018 to Jul 29, 2026. Each column is the period as the company first filed it.

Balance sheet: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019
Cash and equivalentsC$23,775C$1,128,622C$1,133,297C$262,432C$2,048
Short-term investmentsC$225,000C$214,263———
Total current assetsC$456,017*C$2,186,041*C$1,223,333C$270,136*C$7,974*
Total current liabilitiesC$980,784C$932,108———
Working capital(C$524,767)C$1,253,933———
Exploration and evaluation assetsC$3,519,557C$6,401,969C$2,767,616C$48,226C$126,334
Total assetsC$3,975,574C$8,588,010C$3,990,949C$318,362C$134,308
DebtC$22,420C$22,420———
Total liabilities———C$22,011—
Shareholders' equityC$2,994,790C$7,655,902C$3,767,366C$296,351C$114,793

* Calculated from the statement's own lines: the company did not print this total with a label.

Income statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Nov 2023FY Nov 2022FY Nov 2021FY Nov 2020FY Nov 2019
General and administrativeC$853,794C$1,649,074C$1,321,122C$84,446C$126,688
Share-based compensationC$834,559C$973,392—C$0C$26,526
Net income (loss)(C$5,482,679)(C$4,632,380)(C$10,667,814)(C$277,392)(C$309,960)

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Nov 2023FY Nov 2022FY Nov 2021FY Nov 2020FY Nov 2019
Operating cash flow—(C$2,819,500)*(C$2,518,621)(C$146,358)(C$175,740)
Investing cash flow—(C$1,880,061)*(C$354,274)(C$40,708)—
Financing cash flow—C$4,537,652*C$4,006,192C$447,450C$81,000
Exploration spending (capitalized)—(C$2,704,010)(C$1,189,757)(C$40,708)—
Proceeds from share issues—(C$130,530)C$3,294,192——
Change in cash(C$1,104,847)(C$4,675)C$1,133,297C$260,384(C$168,673)
Cash at end of periodC$23,775C$1,128,622C$1,133,297——

* Calculated from the statement's own lines: the company did not print this total with a label.

Armory Mining Corp. financings

4 financings announced or closed by Armory Mining Corp., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2025-12-02Armory Mining Corp. (ARMY)Flow-through, non-brokeredClosed, 1 tranche$1.0M$0.070Armory Mining Announces Flow-Through Financing
2025-11-03Armory Mining Corp. (ARMY)Private placement, non-brokeredClosed, 1 tranche$550K$0.055Armory Mining Announces Private Placement
2025-09-05Armory Mining Corp. (ARMY)Private placement, non-brokeredClosed, 1 tranche$50K$0.050Armory Mining Announces Closing of Second and Final Tranche of Private Placement
2025-08-07Armory Mining Corp. (ARMY)Private placement, non-brokeredClosed, 1 tranche$803K$0.050Armory Mining Announces Private Placement and Appoints Klenman to Board

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