1844 Announces a Non-Brokered Private Placement of Flow-Through Units, Extends the Previously Announced Private Placement of $2,000,000 and Provides Update Regarding Option Agreement

1844 Announces a Non-Brokered Private Placement of Flow-Through Units, Extends the Previously Announced Private Placement of $2,000,000 and Provides Update Regarding Option Agreement

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces a non-brokered private placement of 11,111,111 flow-through units (the "FT Units") at $0.045 per FT Unit for gross proceeds of $500,000 (the "FT Unit Offering"). Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" (an "FT Share") within the meaning of the Income Tax Act (Canada) (the "Tax Act") and one half of one common share purchase warrant (each whole warrant, an "FT Unit Warrant"). Each FT Unit Warrant will entitle the holder thereof to purchase one non-flow-through common share of the Company (each, an "FT Unit Warrant Share") at a price of $0.055 for a period of 36 months following the date of issuance.

The Company intends to use the proceeds of the FT Unit Offering for exploration activities and for general corporate purposes. The gross proceeds from the issuance of the FT Shares will be used to incur resource exploration expenses that will constitute "Canadian exploration expenses" and "flow through mining expenditures" as defined in the Tax Act (the "Qualifying Expenditures").

The closing of the FT Unit Offering is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange (the "Exchange"). Any finder's fees to be paid by the Company will be payable in accordance with the policies of the Exchange. The FT Shares, FT Unit Warrant Shares and any common shares of the Company that are issuable upon the exercise of any finder's warrants will be subject to a hold period ending on the date that is four months plus one day following the issue date in accordance with applicable securities laws.

The securities offered in the FT Unit Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States.

Extension of Concurrent Unit Offering

Further to the Company's news releases dated April 12, June 9, July 20, and August 22, 2023, 1844 also announces a 30-day extension of its previously announced non-brokered private placement (the "Offering"). The other terms of the Unit Offering remain unchanged and the Company will raise up to 57,142,858 units (each, a "Unit") at $0.035 per Unit for gross proceeds is up to $2,000,000. Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Unit Warrant"). Each Unit Warrant will entitle the holder thereof to purchase one common share of the Company (each, an "Unit Warrant Share") at a price of $0.055 for a period of 36 months following the date of issuance.

In connection with the Unit Offering, the Company will pay a cash finders fee equal to 8% of the gross proceeds raised from the sale of Units to certain subscribers of the Unit Offering and issue a number of non-transferable common share purchase warrants equal to 8% of the aggregate number of Units purchased by certain subscribers of the Unit Offering (each, a "Finder's Warrant") to certain finders. Each Finder's Warrant will entitle the holder thereof to purchase one common share of the Company at a price of $0.05 per share for a period of 12 months following the date of issuance. 1844 will use the net proceeds from the Unit Offering in connection with its option to acquire the Hawk Ridge Project, for exploration on the Hawk Ridge Project and for general corporate purposes.

Option Agreement

The Company also announces it has entered into an amending agreement (the "Amending Agreement") with Nickel North Exploration Corp. ("NNX") with respect to the option agreement between the parties dated March 6, 2023 (the "Option Agreement), relating to the Company's option to acquire the Hawk Ridge Project. Pursuant to the Amending Agreement, the parties have agreed to amend the payment terms and conditions of the Option Agreement as follows:

  1. The Company is now entitled to acquire a 10% undivided interest in the Hawk Ridge Project on the date that is two business days following the approval of the Option Agreement (the "Effective Date") by the Exchange by paying $325,000 and issuing 5,000,000 Units (valued at $175,000) and 1,000,000 common shares of the Company to NNX (the "First Option").
  1. If the Company exercises the First Option, it can now acquire an additional 10% undivided interest in the Hawk Ridge Project by paying $1,500,000 and issuing 1,000,000 common shares of the Company to NNX on the first anniversary date of the Effective Date, and incurring $500,000 of exploration expenditures before the first anniversary of the Effective Date (the "Second Option").
  1. If the Company does not satisfy the revised payment terms and conditions of the Second Option, the Company's option to acquire the Hawk Ridge Project will terminate and the Company will return to NNX the 10% undivided interest in the Hawk Ridge Project that the Company acquired upon the exercise of the First Option for nil consideration, resulting in the Optionee holder no interest in the Hawk Ridge Project.

The remaining terms and conditions of the Option Agreement remain unchanged and the Option Agreement, as amended, remains subject to Exchange approval.

Mr. Sylvain Laberge, President and CEO of the Company commented: "The option to acquire a 100% interest in the Hawk Ridge Project is transformational for 1844. Hawk Ridge is expected to become one of the flagship properties of the Company and is expected to add to our existing portfolio of copper and other critical mineral projects in coastal Quebec."

For more details regarding the Option Agreement and Hawk Ridge Property, see the Company's news releases dated March 6 and 7, 2023. Copies of the Company's news releases are available under the Company's SEDAR profile at www.sedar.com.

About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gaspé, Nunavik Québec". With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new deposits.

1844 Resources Inc.

(signed) "Sylvain Laberge"

Sylvain Laberge
President and CEO
514.702.9841
Slaberge@1844 Resources.com

FORWARD-LOOKING INFORMATION

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the FT Unit Offering, the Company's option on the Hawk Ridge Project, the First Option, the Second Option, the Unit Offering and Exchange approval. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions; the availability of additional exploration and mineral project financing; and Exchange approval.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include exploration or other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/181657

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1844 Announces Addition of Mr. Andre Gauthier to the Board of Directors

1844 Announces Addition of Mr. Andre Gauthier to the Board of Directors

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") is extremely pleased to announce the addition of Mr. Andre Gauthier to the board of directors effective immediately. [1]

Mr. Gauthier holds a B.Sc. in Geological Engineering and a M. Sc. in Mineral Exploration both obtained from the UQAC - Chicoutimi, (Québec) and is an active member and leader of many mining and professional organizations (Canada, Peru, UAE, and China).

Mr. Sylvain Laberge, President and CEO of 1844 states "On behalf of our board of directors, I would like to welcome Mr. Gauthier. His impressive resume over the span of his career, along with his experience and knowledge of both company and resource development in Quebec further strengthens our already strong team."

Mr. Gauthier's career has spanned 50 years and projects in over 35 countries. He has held senior positions, including officer and directors' appointments in SOQUEM, Falconbridge, Noramco Mining, Cambior Inc., Maxy Gold Corp (China), Inca Pacific Resources, Lara Exploration Ltd., Vena Resources Inc., and Western Union Peru.

Additionally, Mr. Gauthier has been involved in many Gold and Copper discoveries and acquisitions, including Lac Shortt (Canada), La Arena (Peru), Anabi Minaspata (Peru), Luchun (China), Metates (Mexico), La Granja and La Virgen (Peru) and Pachon (Argentina).

Since 2020, Andre has been leading Eval Minerals, his private company involved in mineral investment and advisory. He is on the board of various companies involved in the exploration industry, both privately owned or listed on the Canadian Stock exchange. Since April 2024 Andre is also vice president of CAUR Technologies, a revolutionary Seismic technology which is part of Geophysics GPR International.

About 1844 Resources Inc: 

1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gaspé, Nunavik Québec".  With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new deposits.

1844 Resources Inc. 

(signed) "Sylvain Laberge"                

Sylvain Laberge 
President and CEO
514.702.9841 
Slaberge@1844resources.com 

FORWARD LOOKING INFORMATION 

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected closings of the Unit Offering and the Option Agreement and the receipt of regulatory approval, including approval by the Exchange. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on several assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions; the availability of additional exploration and mineral project financing; and Exchange approval.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include exploration or other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Canadian Investment Regulatory Organization Trade Resumption - EFF

Canadian Investment Regulatory Organization Trade Resumption - EFF

 
 

Trading resumes in:

 

Company: 1844 Resources Inc. 

 

 

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1844 Signs a Letter of Intent to Option 100% Interest in the High-Grade Hawkridge Nickel/Copper Project in Quebec

1844 Signs a Letter of Intent to Option 100% Interest in the High-Grade Hawkridge Nickel/Copper Project in Quebec

 

1844 Resource Inc. (TSXV: EFF) (the "Company" or "1844") is pleased to announce that it has entered into a letter of intent with Nickel North Corp (TSXV: NNX) to earn an interest in the Hawkridge Project. With the terms agreed to, both parties are now working to finalize the terms of the formal and binding option agreements, which will consist of two separate option agreements ("Option 1", "Option 2" and collectively the "Option").

 

Mr. Sylvain Laberge, President and CEO of the Company commented: "We are pleased to have renegotiated new terms and conditions with the management of Nickel North. 1844 remains steadfast in our belief that the Hawk Ridge project can become a major strategic metals development in the Province of Quebec."

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Nickel North Signs Letter of Intent on Hawk Ridge Nickel-Copper Project with 1844 Resources Inc.

Nickel North Signs Letter of Intent on Hawk Ridge Nickel-Copper Project with 1844 Resources Inc.

 

Nickel North Exploration Corp. (TSXV: NNX) ("Nickel North" or the "Company") is pleased to announce it has entered into a Letter of Intent to option 100% of the Hawk Ridge Ni-Cu-PGM project based on milestones, commitments, with 1844 Resources Inc ("1844" or "EFF"). This new LOI replaces all previous agreement originally announced Mar 6, 2023.

 

Based on LOI signed August 7, 2024, 1844 will pay combined payments over 5 years of cash payment $1,512,000, 21,000,000 shares issued, $6,000,000 in exploration expenditure outlined per table below. The remaining 20% can be acquired by 1844 as sole and exclusive optionee in exchange for a one-time payment of CAD$2,000,000.

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1844 Announces Changes to the Board of Directors

1844 Announces Changes to the Board of Directors

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") is pleased to announce the appointment of Mr. Mathieu Olivier to the board of directors effective immediately. Mr. Olivier will replace Mr. Denis Clement, who had been a board member since 2012.

Holding a bachelor's degree in business administration from Laval University, Mr. Olivier has led a 20-year career in wealth management and financial advisory in Quebec and has a strong history of managing investment in the junior natural resources industry. Mr. Olivier has extensive expertise in entrepreneurship and business development and is also involved in various charitable works, including sitting as the Chairman of Directors of Adaptavie Inc.

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Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC's Toodoggone District

Sun Summit Commences Drilling and Provides Exploration Update from the JD Project in BC's Toodoggone District

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) ("Sun Summit" or the "Company") is pleased to provide an update from its ongoing project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia (the "JD Project"). Drilling has now commenced with over 5,000 meters of drilling planned.

Highlights:

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Domestic Metals Extends Non-Brokered Private Placement

Domestic Metals Extends Non-Brokered Private Placement

 

  **NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**  

 

TSXV: DMCU,OTC:DMCUF; OTCQB: DMCUF; FSE: 03E) reports that, pursuant to their news release dated May 27, 2025, they have requested a 30-day extension to the non-brokered private placement (the "Placement"). The terms of the Placement remain the same. The Company confirms there are no material changes.

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FPX Nickel Announces Share-Based Compensation Grant

FPX Nickel Announces Share-Based Compensation Grant

 
 

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that the board of directors of the Company has approved the grant of 5,305,000 stock options (the " Options ") to directors, officers and employees of the Company pursuant to the Company's Share Compensation Plan. The Options have an exercise price of $0.30 per share, with a five-year term and are fully vested on the grant date, July 10, 2025 .

 
 

  FPX Nickel logo (CNW Group/FPX Nickel Corp.) 

 

The Company also granted an aggregate 750,000 restricted share units (the " RSUs ") to certain officers of the Company. The RSUs vest in three equal installments on the annual anniversaries of the grant date and each vested RSU will entitle the holder to receive one common share of the Company or the equivalent cash value upon settlement.

 

  About FPX Nickel Corp.  

 

 FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

 

On behalf of FPX Nickel Corp.

 

"Martin Turenne"
Martin Turenne , President, CEO and Director

 

   Forward-Looking Statements   

 

  Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.  

 

  Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.  

 

SOURCE FPX Nickel Corp.

 

 

 

 Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2025/11/c5569.html  

 
 

 

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Cygnus Metals Limited: Issue of Performance Rights

Cygnus Metals Limited: Issue of Performance Rights

 

Cygnus Metals Limited ("Cygnus" or the "Company") advises that it has issued an aggregate of 67,050,000 performance rights ("Performance Rights") to directors, and key employees and consultants, under the Company's Omnibus Equity Incentive Plan ("Plan").

 

Shareholders approved the Plan and the issue of Performance Rights to directors at the Company's annual general meeting held on May 14, 2025. The Performance Rights to key personnel were issued on the same terms and conditions as the director Performance Rights, as set out in the notice of annual general meeting released to ASX on April 14, 2025.

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Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Conducts Prospecting and Soil Geochemical Surveys at Its Adams Plateau SEDEX Silver-Zinc-Lead-Copper-Gold Project, BC, Canada

Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce the 2025 exploration program is nearing completion at its wholly-owned Adams Plateau Project (the "Project") in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX project.

Gary Thompson, CEO of Silver47, stated: "We are glad to continue our work on Adams Plateau toward defining drill targets on this road-accessible project. The abundance of surface mineralization on the Project is very encouraging for the potential of new and exciting discoveries. The Company has received a 5-year permit for drilling. This year is shaping up to be transformational for the Company with a full season of drilling at the flagship Red Mountain Project and the pending merger with Summa Silver."

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Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

Osisko Metals Infill and Expansion Drilling Intersects New Wide Mineralization at Gaspé Copper

 

   New Expansion Hole Intersects    279    Metres Averaging    0.49    % Cu   

 

   Nine Drill Rigs Now Active on Site   

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