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Archer Exploration to trade on ASX as Archer Materials from November

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ASIC has put through the company’s shareholder-endorsed name change.

Archer Exploration Ltd - Archer Exploration to trade on ASX as Archer Materials from Tuesday, November 5, 2019

Quick facts: Archer Materials Ltd

Price: 0.545 AUD

ASX:AXE
Market: ASX
Market Cap: $122.44 m
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Archer Exploration Limited (ASX:AXE) (FRA:38A) will begin trading with its new name Archer Materials Limited on the Australian Securities Exchange (ASX) from Tuesday next week, November 5, 2019. 

Corporate regulator ASIC changed Archer’s name in its registries today after the company’s shareholders voted for the change at a shareholder meeting held yesterday. 

The Sydney-headquartered company will continue to use the AXE ticker on the ASX from Tuesday after ASX Ltd (ASX:ASX) puts through its approved name change. 

Archer’s advanced materials assets include a quantum computing solution to solve quibit-processing temperature problems.

The South Australian and NSW-based company’s strategy is to build an industry-leading materials technology company, that delivers maximum value to shareholders through the commercialisation of assets at various stages of the materials lifecycle.

Archer has strong intellectual property, broad-scope mineral tenements, world-class in-house expertise, a diverse advanced materials inventory, and access to more than $300 million of R&D infrastructure.

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