Business
Archer Exploration Announces Change of Year End
VANCOUVER, BC, Aug. 28, 2023 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the "Company" or "Archer") is pleased to announce that it
About this update from Northx Nickel Corp.
[{"type":"text","content":" VANCOUVER, BC, Aug. 28, 2023 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (OTCQB: RCHRF) (FSE: 6YR0) (the \"Company\" or \"Archer\") is pleased to announce that it is changing its fiscal year-end to December 31st, from its current fiscal year-end of September 30th. The notice for the year-end change required under National Instrument 51-102 has been filed under the Company's profile at www.sedarplus.ca . Archer believes this change of year-end will better align the Company's financial reporting periods to that of its peer group in the mineral resources sector, which will allow investors to more easily compare quarterly and annual financial results. As a result, Archer will report audited financial results for a fifteen-month (15) transitional fiscal year from October 1, 2022 to December 31, 2023, with a comparative of twelve-month (12) audited financial statements from October 1, 2021 to September 30, 2022. Afterwards, Archer will revert to a customary quarterly reporting calendar based on a December 31st financial year-end, with fiscal quarters ending on the last day in March, June, September, and December each year. About Archer Archer Exploration is a Canadian Ni-Cu-Co-PGE focused exploration and development company with an extensive portfolio of assets in Quebec and Ontario, Canada. The Company's flagship asset is the Grasset Project, located within the Abitibi Greenstone Belt, with an Indicated Resource of 5.5 Mt @ 1.53% NiEq. In addition, the Company holds a portfolio of 37 properties and over 300 km2 in the world-class mining district of Sudbury, Ontario. The Company's growth strategy is focused on the exploration and development of its nickel sulphide properties within its portfolio. Archer's vision is to be a responsible nickel sulphide developer in stable pro-mining jurisdictions. Archer is committed to socially responsible exploration and development, working safely, ethically, and with integrity. For more information, please visit www.archerexploration.com. Cautionary Note Regarding Forward-Looking Statements Neither the CSE nor its Market Regulator (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. The information contained herein contains \"forward-looking statements\" within the meaning of applicable securities legislation. \"Forward-looking infor...