Armory Mining Corp. Approves One-for-Five Share Consolidation

October 2, 2026 — Leads & Copy — Armory Mining Corp. has announced that its board of directors has approved a share consolidation, set to take effect at the opening of trading on October 6, 2026. The consolidation will occur on a one-for-five basis, meaning one post-consolidation common share will be issued for every five pre-consolidation common shares.

Following the consolidation, the company's shares will commence trading on the Canadian Securities Exchange (CSE) on a consolidated basis. The number of issued and outstanding common shares is expected to decrease from approximately 108,454,924 to around 21,690,984 shares. Fractional shares will not be issued; instead, they will be rounded to the nearest whole number, with fractions less than half a share being canceled and fractions of at least half a share being converted to one whole share.

The exercise price and the number of shares issuable upon the exercise of outstanding convertible securities, including incentive stock options, warrants, and restricted share units, will be adjusted to reflect the consolidation ratio.

Registered shareholders holding physical share certificates will receive a letter of transmittal from the company's transfer agent, Endeavor Trust Corporation, providing instructions for exchanging their current certificates for new ones representing the consolidated shares. Shareholders who hold their shares in book-entry form or through an intermediary, known as non-registered shareholders, will not need to take any action.

Armory Mining Corp.'s name and trading symbol are expected to remain unchanged after the consolidation. The new CUSIP number for the post-consolidation shares will be 042279208, and the ISIN number will be CA0422792089.

The effective date of the consolidation is contingent upon CSE approval. The company plans to issue a follow-up news release if there are any changes to this date.

Armory Mining Corp. is a Canadian exploration company focused on acquiring and developing mineral projects that are critical to the energy, security, and defense sectors. The company holds an 80% interest in the Candela II lithium brine project in Argentina and a 100% interest in both the Ammo antimony-gold project in Nova Scotia and the Riley Creek antimony-gold project in British Columbia.

Source: Armory Mining Corp.