en.Wedoany.com Reported - On June 19, 2026, Armory Mining Corp. (CSE: ARMY, OTC: RMRYF, FSE: 2JS), a company focused on the exploration of critical minerals for the energy, security, and defense sectors, announced its plan to settle an outstanding debt of $181,200 owed to a former company executive by issuing shares. The debt originated from unpaid consulting service fees. The company agreed to issue 6 million common shares to the former executive at a deemed price of $0.0302 per share.

This debt settlement aims to preserve operating cash and improve the company's financial position by reducing existing liabilities. The transaction is expected to close in the near term, subject to customary closing conditions, including the completion of all contract documents, obtaining applicable regulatory approvals, and compliance with the policies of the Canadian Securities Exchange (CSE). In accordance with applicable Canadian securities laws and CSE policies, the debt settlement shares will be subject to a four-month hold period.

Armory Mining Corp. is a Canadian exploration company holding an 80% interest in the Candela II lithium brine project at the Incahuasi Salar in Salta Province, Argentina, as well as 100% interests in the Ammo antimony-gold project in Nova Scotia and the Riley Creek antimony-gold project in British Columbia.

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