Archer Exploration Announces Director Resignation
Archer Exploration Announces Director
Resignation
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2024) -
Archer Exploration Corp.
(
CSE:
RCHR
) (
OTCQB: RCHRF
) (
FSE: 6YR0
) (the "
Company
" or "
Archer
") announces today that Mr. Marz
Kord has tendered his resignation as a director of the Company, effective immediately, to pursue other
business interests.
The Board of Directors wishes to thank Mr. Kord for his contributions to the Company as a director and
wish him the best in his future endeavours.
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 km
2
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 project 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
.
Tom Meyer
President & Chief Executive Officer
Tel: +1 866.899.7247 (RCHR)
Email:
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 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. Forward-looking information and statements contained herein includes, but is not limited to,
statements regarding the continued exploration; and that funding is sufficient for operations.
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 cause 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 others: risks associated with
the conduct of the Company's mining activities; risks and uncertainties associated with certain
exploration and drilling tools and/or measures; 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 related to the use of proceeds of the Company's recent private
placement; risks and unknowns inherent in all mining projects; laws and regulations governing the
environment, health and safety; 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 Company'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;
litigation risk; the ongoing military conflict in Ukraine and the Middle East; 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/199043