Hardware & electrical equipment
Archer Materials secures $2 million funding through SPP
By raising funds through an SPP the company is rewarding its current shareholders with an opportunity to increase their investment.
Company
ASX:AXE
Archer is a quantum technologies company developing solutions for next-generation computing, advanced sensing, and breakthrough medical applications.
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Hardware & electrical equipment
By raising funds through an SPP the company is rewarding its current shareholders with an opportunity to increase their investment.
The sample collected appears to be consistent with the results from early explorers and confirms the presence of the previously discovered kaolin mineralisation.
While Archer builds an industry-leading materials technology company, it continues to progress its minerals exploration portfolio featuring graphite, kaolin and nickel projects.
A Program for Environment Protection and Rehabilitation has been submitted to the South Australian Government.
Archer provides shareholders with exposure to financial returns from innovative technologies and the materials that underpin them.
The company’s next steps include manufacturing a commercially viable graphene-based biosensor technology and registration of a full patent application protecting the underlying materials technology IP.
The prototype demonstrates a key early-stage milestone validating the viability of graphene inks’ functionality and use for biosensor applications.
Drilling is expected to be completed by Wednesday with assay and test results expected progressively over the next 4-6 weeks.
The 12CQ carbon-based quantum computing chip aims to make quantum computing more practical and accessible.
All approvals are in place with drilling at Franklyn to commence within the next 2-3 weeks.
Archer Exploration recently changed its name to Archer Materials to reflect the company’s highly focused materials technology related activities.
ASIC has put through the company’s shareholder-endorsed name change.
The Albion Downs Nickel Project is about 18 kilometres northwest of BHP’s Mount Keith Nickel Mine.
The company also observed outcropping kaolin outside of the Kelly Tank and Bunora exploration targets.
Hardware & electrical equipment
Owing to the success of conference participation, the company is engaged in discussions with conference organisers to present and exhibit at the next event in London during April 2020.
Hardware & electrical equipment
Archer will be attending the Quantum.Tech Global Business Conference & Exhibition in Boston, Massachusetts, USA, from September 10-11.
Chip commercialisation to continue through the prototyping of hardware componentry into a proof-of-concept minimum viable chip product.
Archer intends to undertake shallow aircore drilling and metallurgical test work to verify past exploration results.
Inspired by a rising gold price, Archer will seek a partner for exploring its Bartels epithermal gold prospect.
In addition the Campoona graphite project, advanced materials and the development of quantum computing technology remains a core focus of the company.