Archer Exploration Announces Change of Year End
Archer Exploration Announces Change of Year End
VANCOUVER, BC, August 28, 2023 – 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 , 20 22 to December 31, 20 23, 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 31 st 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 i n 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.
Tom Meyer
President & Chief Executive Officer
Tel: +1 866.899.7247 (RCHR)
Email: [email protected]
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 information” includes, but is not limited to, statements with
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respect to the activities, events or developments that Archer expects or anticipates will or may occur in the
future. Generally, but not always, forward -looking information and statements can be identified by the
use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and
phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be
taken”, “occur” or “be achieved” or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among
others, that the results of planned exploration activities are as anticipated, the anticipated cost of planned
exploration activities, that general business and economic conditions will not change in a material adverse
manner, that financing will be available if and when needed and on reasonable terms, that third party
contractors, equipment and supplies and governmental and other approvals required to conduct Archer’s
planned exploration activities will be available on reasonable terms and in a timely manner. Although the
assumptions made by Archer in providing forward -looking information or making forward -looking
statements are considered reasonable by management at the time, there can be no assurance that such
assumptions will prove to be accurate.
By their nature, forward -looking statements involve known and unknown risks, uncertainties and other
factors which may c ause our actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors and risks include, among oth ers: risks associated with the
conduct of the Company's mining activities; regulatory, consent or permitting delays; risks relating to
reliance on the Company's management team and outside contractors; risks relating to project financing
and equity issuances; risks and unknowns inherent in all mining projects; laws and regulations governing
the environment, health and safety; the ability of the communities in which the Company operates to
manage and cope with the implications of COVID-19; the economic and financial implications of COVID-19
to the Company; operating or technical difficulties in connection with mining or development activities;
employee relations, labour unrest or unavailability; the Company's interactions with surrounding
communities; the Com pany's ability to successfully integrate acquired assets; the speculative nature of
exploration and development; stock market volatility; conflicts of interest among certain directors and
officers; lack of liquidity for shareholders of the Company; litigat ion risk; the ongoing military conflict in
Ukraine; general economic factors (including inflationary pressure); the price of commodities; and the
factors identified under the caption "Risk Factors" in the Company’s public disclosure documents.
The forward-looking information contained in this news release represents the expectations of Archer as
of the date of this news release and, accordingly, is subject to change after such date. Readers should not
place undue importance on forward -looking information and should not rely upon this information as of
any other date. Archer does not undertake any obligation to update these forward -looking statements in
the event that management’s beliefs, estimates or opinions, or other factors, should change.