1844 Announces Private Placement for Gross Proceeds of Up To $1,000,000 and Amendment to Flow-Through Financing for Gross Proceeds of Up To $300,000

1844 Announces Private Placement for Gross Proceeds of Up To $1,000,000 and Amendment to Flow-Through Financing for Gross Proceeds of Up To $300,000

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces amendments to the terms of its (i) non-brokered private placement of units (each, a "Non-FT Unit) previously announced on April 12, June 9, July 20 and September 23, 2023 (the "Non-FT Unit Offering") and (ii) non-brokered private placement of flow-through units (each, an "FT Unit") previously announced on September 23, 2023 (the "FT Unit Offering" and, together with the Non-FT Unit Offering, the "Offerings").

Pursuant to the amended terms of the Non-FT Unit Offering, the Company will issue up to 50,000,000 Non-FT Units at a price of $0.02 per Non-FT Unit for aggregate gross proceeds of up to $1,000,000. Each Non-FT Unit will consist of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Non-FT Unit Warrant"). Each whole Non-FT Unit Warrant will entitle the holder thereof to acquire one non-flow-through Common Share (a "Warrant Share") at an exercise price of $0.05 per Warrant Share for a period of 36 months following the closing of the Non-FT Unit Offering. 1844 intends to use the net proceeds from the Non-FT 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.

Pursuant to the amended terms of the FT Unit Offering, the Company will issue up to 11,111,111 FT Units at a price of $0.03 per FT Unit for aggregate gross proceeds of up to $300,000. Each FT Unit will consist of one Common Share, 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 acquire one Warrant Share at a price of $0.05 for a period of 36 months following the closing of the FT Unit Offering. 1844 intends to use the net proceeds of the FT Unit Offering for exploration activities and for general corporate purposes. The net 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").

In connection with the Non-FT Unit Offering, the Company will pay a cash finder's fee equal to 8% of the gross proceeds and issue a number of non-transferable Common Share purchase warrants (each, a "Finder's Warrant") equal to 8% of the number of Non-FT Units sold under the Non-FT Unit Offering to eligible persons who refer investors to the Company, where permitted by applicable law an din accordance with the policies of the TSX Venture Exchange (the "Exchange"). Each Finder's Warrant will entitle the holder thereof to purchase a Warrant Share at a price of $0.05 per Warrant Share for a period of 12 months following closing of the Non-FT Unit Offering. Any finder's fees to be paid by the Company in connection with the FT Unit Offering will be payable in accordance with the policies of the Exchange.

The Offerings will be conducted under available exemptions from the prospectus requirements of applicable securities legislation and participation in the Non-FT Unit Offering will also be available to existing shareholders in qualifying jurisdictions in Canada in accordance with BC Instrument 45-534 - Prospectus Exemption for Distributions to Existing Security Holders and the corresponding blanket orders and rules implementing CSA Notice 45-313 - Prospectus Exemption for Distributions to Existing Security Holders in the participating jurisdictions in respect thereof (collectively, the "Existing Security Holder Exemption"). Insiders may participate in the Offerings.

The Company has set October 25, 2023 as the record date for the purpose of determining shareholders entitled to participate in the Non- FT Unit Offering in reliance on the Existing Security Holder Exemption. Qualifying shareholders who wish to participate in the Non-FT Unit Offering should contact the Company at the contact information set forth below no later than November 13, 2023. If the Non-FT Unit Offering is over-subscribed for, Non-FT Units will be allocated pro-rata amongst all subscribers. All subscription materials must be provided to the Company no later than November 17, 2023. The Company may close the Non-FT Unit Offering in several tranches, the first of which the Company intends to close no later than November 24, 2023.

The aggregate acquisition cost to a subscriber under the Existing Security Holder Exemption cannot exceed $15,000, unless that subscriber has obtained advice regarding the suitability of the investment and, if the subscriber is resident in a jurisdiction of Canada, such advice is obtained from a person that is registered as an investment dealer in the subscriber's jurisdiction.

In addition to the Existing Security Holder Exemption and other available prospectus exemptions, a portion or all of the Non-FT Unit Offering may be completed pursuant to Multilateral CSA Notice 45-318 - Prospectus Exemption for Certain Distributions through an Investment Dealer ("CSA 45-318") and the corresponding blanket orders and rules implementing CSA 45-318 in the participating jurisdictions in respect thereof (collectively with CSA 45-318, the "Investment Dealer Exemption"). Pursuant to CSA 45-318, each subscriber relying on the Investment Dealer Exemption must obtain advice regarding the suitability of the investment from a registered investment dealer. There is no material fact or material change of the Company that has not been generally disclosed.

All securities issued pursuant to the Offerings will be subject to a statutory hold period expiring four months and one day after closing of the Non-FT Unit Offering or FT Unit Offering, as applicable. Completion of the Offerings is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the Exchange.

None of the securities issued in the Offerings will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful.

For more details on the Company's option to acquire the Hawk Ridge Project see the Company's news releases dated March 6, March 7, April 12 and September 23, 2023. Copies of the Company's news releases are available under the Company's SEDAR+ profile at www.sedarplus.ca. The Company's option to acquire the Hawk Ridge Project remains subject to Exchange approval.

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 Company's option on the Hawk Ridge Project, the Offerings and Exchange approvals. 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/187012

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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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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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Vertex Minerals Limited  Reward Gold Mine Project Update

Vertex Minerals Limited Reward Gold Mine Project Update

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,VTXXF) (OTCMKTS:VTXXF) is pleased to announce that the underground mining operation is on track to be producing high grade gold feed to the recently commissioned gravity gold plant in the coming weeks.

HIGHLIGHTS:

- Operational Milestones

o VTX remains firmly on track to commence production of high-grade ore from the underground mine in the forthcoming weeks.

o Transformer and cabling for the installation of 11kV high voltage underground power system on site with installation commenced.

o Preparations for the underground mine startup up progressing as planned and stripping of the main access is completed.

o New Aramine L350D has departed France for the journey to Hill End. Arrival in Orange NSW expected in by 26th August where it will be fitted with an RCT remote control system for open stoping operations.

o Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t (VTX ASX Announcement 21 June 2023).

o Weekly Gold production Oz's from Stockpiles improving with depth in the stockpiles, with coarser particle size and better process throughput experienced.

- Mine start up

o Fan chambers have been excavated to provide secondary ventilation for production activities, exploration drilling and the future southern access toward the Fosters' exploration target.

o Primary ventilation fan has been installed and bulkhead completed.

o High voltage surface substation has been installed.

o High voltage cabling installation commences next week, with power up of the system scheduled for 28 July 2025.

o Stripping of the main accessis completed with the final elements of ground support (approx. 30m) to be completed before power cable installation starts next week.

o Cable bolts installed for the intersection of Lady Belmore exploration drive with first cut drilled out and ready to charge.

o Development Jumbo #1 (Epiroc T1D) is exceeding performance expectations.

o Dewatered of declines well underway.

o Mine schedule for FY26 finalised.

o First airleg stope secondary vent installed and specialty equipment on site to start first air leg stope.

o First long hole stope planned for August. High grade from airleg and longhole stopes to complement larger tonnage from development ore headings.

- People that have been onboarded

o 2x Drill Fitters and Heavy diesel fitter.

o Process superintendent commences next week.

o Full Tech team started including mine surveyor this week.

o Have back-to-back airleg miners for stoping.

o Full underground and mill crews.

- Improvements to plant

o DSM screen installed to improve product delivery to Wilfley Table.

o Gemini table improvements with new tabletop and gearbox improving final concentrate grade to over 20% gold (suitable for direct smelting to Dore on site).

o Process water pump upgrade improving ore washing and Tomra performance.

- Revised mine plan and schedule completed and ready to implement

- Updated Reward Gold mine mining plan and mine schedule completed.

- Adding a high-grade long hole stope upfront to be mined concurrently with the high grade airleg stope.

Vertex Director Declan Franzmann commented: "It is great to see all the elements of re-developing the underground mine and processing facility coming together so rapidly. The most pleasing aspect is our success in employing an incredible team of people to run the operation and all credit to management for developing great "esprit de corps" and a single sense of purpose as we push to full production."

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. (Refer to Table 1 in Appendices 1) (VTX ASX announcement 26/06/23).

Given this stope will take some time to extract, the Vertex geology and Mining Team have additionally brought forward a very high-grade long hole stope to commence mining in August as well. Further optimisations to the mining schedule will continue to be made.

This stope can be exploited as soon as services have been established. The mining crews have done a great job in the access drive to make room for the services (11kV cable, water and air lines) while improving accessibility for the mobile mining equipment selected for the Project.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/OUQP5Z21

 

About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX,VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

 

 

Source:
Vertex Minerals Limited

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