Off-market insider net buying at Archer Exploration (RCHR)

Off-market insider net buying at Archer Exploration (C:RCHR)

Thomas Meyer, a Senior Officer and Director, acquired 568,182 Common Shares on a direct ownership basis at a price of $0.660 through a prospectus or prospectus exempt offering on November 18th, 2022. The insider also acquired 568,182 Warrants with an exercise price of $1.020 for two years. This represents a $375,000 investment into the company's shares and an account share holdings change of greater than 100%.

Archer Exploration is in the Diversified Mining Sub Industry Group under the Basic Materials Sector.

Archer Exploration Corp. is a Canada-based company, which is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on electric metals projects, which include copper, cobalt, nickel and vanadium. The Company is engaged in the exploration of its Caster project in Quebec. The Caster Property lies approximately 150 kilometers (km) of the sea-port town of Saguenay. It is involved in the development of its acquisition of the Zanzui Nickel Project in Tanzania and evaluating other projects. The Company also holds the nickel assets, rights and obligations located in Quebec and Ontario (the Nickel Assets). The Nickel Assets consist of approximately 2,046 mining titles covering approximately 67,000 hectares and include a 100% interest in the Grasset nickel sulphide project located in Quebec (the Grasset Project).