Archer Exploration Corp. (C:RCHR)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 1090 West Georgia Street, Suite 700 VANCOUVER BC V6E 3V7 |
| Tel: | N/A |
| Website: | https://archerexploration.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Archer Exploration Corp. is a Canada-based 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 5.5Mt @ 1.53% NiEq. In addition, the Company holds a strategically significant portfolio of 37 properties and over 300 square kilometers (km2) in the mining district of Sudbury, Ontario. The Grasset Project is a resource-exploration stage Ni-Cu-Co-PGM project located in the James Bay territory in Nord-du-Quebec administrative region of the Province of Quebec, Canada, approximately 77 kilometers (km) west-northwest of the city of Matagami and 170 km north of the town of Amos. Its Sudbury nickel assets include a large property package comprised of 309.84 km2 within 37 properties, including the Parkin, Wisner, North Range, Windy Lake, Trill, South Range, South Range West and East Range Wahnapitae projects. |
| Financial Overview |
| For the twelve months ended 30 September 2023, Archer Exploration Corp revenues was not reported. Net loss decreased 76% to C$844K. Lower net loss reflects Professional fees decrease of 38% to C$348K (expense), Exploration and evaluation costs decrease from C$178K (expense) to C$0K, Interest Income increase from C$0K to C$175K (income). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.32 to -C$0.01. |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $3.77M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
| EBITDA (TTM): | -$4.08M as of Sep 30, 2023 |
| Net annual income (TTM): | -$2.45M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$10.20M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 113,889,587 as of Jan 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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