It also plans to continue to step up exploration activities targeting additional discoveries that could further enhance its lithium resource inventory.
The iron ore miners led Thursday’s losses; South32 reports $US195m loss; Newcrest doubles dividend; Auckland Airport reports first underlying loss in history. Follow the latest here.
Archer Materials thanks retiring founder-director Dr Alice McCleary for her service
Alice leaves a significant long-lasting legacy – none more important than the transition of Archer to a deep technology company with a market capitalisation exceeding $300 million. Archer will now start the search for a non-executive director with a scientific and deep tech background.
Archer Materials Ltd (ASX:AXE, OTC:ARRXF) founding director Dr Alice McCleary will be retiring due to personal reasons at the 2021 Annual General Meeting (AGM).
Dr McCleary has bought extensive financial, tax and business experience to the board with her service as the non-executive director and chair of the Audit and Risk Committee over the last 14 years.
Archer Materials Ltd becomes pure play deep technology company after signing binding deal to sell all mineral tenements proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
ASX ends lower; BHP, Rio weigh on market
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Austal bears biggest hit from US tax hike among ASX companies
Vesna Poljak
Joe Bidenâs plan to raise Americaâs corporate tax rate would have the biggest earnings impact on Austal, Appen, and James Hardie, according to Macquarie analysis, which concludes they might still be better off as probable beneficiaries of Bidenâs infrastructure spending.
The intended tax increases are required to fund the administrationâs $US2 trillion ($2.6 trillion) plan to rebuild Americaâs transport infrastructure, utilities and other policy needs, by increasing the company tax rate to 28 per cent from 21 per cent.