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ARCHER EXPL CORP, formerly known as Archer Exploration Corp., is engaged in the exploration and development of nickel, copper, cobalt, and platinum group elements (PGE) assets in Quebec and Ontario, Canada. The company's flagship asset, the Grasset Project, located in the Abitibi Greenstone Belt, Quebec, boasts an indicated mineral resource of 5.5 million tonnes at 1.53% nickel equivalent. With a strategic focus on nickel-sulphide properties, ARCHER EXPL CORP aims to be a responsible nickel sulphide project developer in stable pro-mining jurisdictions, committed to socially responsible exploration and development.
Mason Resources announced a $1,000,000 investment in NorthX Nickel Corp. (formerly Archer Exploration Corp.) under a $2,275,000 private placement. Mason acquired 4,166,667 units at $0.24 per unit, each consisting of one common share and one share purchase warrant exercisable at $0.36 until May 14, 2027. This investment gives Mason a 14.6% stake in NorthX, potentially increasing to 25.5% if all warrants are exercised. Mason committed to not exceeding 19.9% of NorthX’s shares through warrant exercises. The investment aligns with Mason’s focus on Quebec's battery materials sector, leveraging the Grasset Project's high-grade nickel resource.
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