Base Metals

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") reports that on May 17, 2022, the Quebec Ministry of Forests, Fauna and Parks (the "MFFP") issued a letter to the Company (the "Letter"), announcing the MFFP's intention to deny the Company's application for an intervention permit relating to the development of eight exploratory drilling sites at the Company's Vortex property. The Company has decided not to pursue any work programs at the Vortex property for at least the next 12 months while the Company considers the Letter.

About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gaspé, Chibougamau 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 press release contains statements which, other than statements of historical fact constitute "forward-looking statements" within the meaning of applicable securities laws, including statements with respect to: results of exploration activities, mineral resources. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. This press release contains forward-looking information in a number of places, such as in statements relating to the ability to obtain the necessary regulatory approvals or the Company's plans or prospects. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual information form for the year ended April 30, 2021, available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture 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/128981

News Provided by Newsfile via QuoteMedia

EFF:CA
1844 resources inc

1844 Resources


Keep reading...Show less
1844 Announces Final Closing of Non-Brokered Private Placement Flow-Through Common Shares

1844 Announces Final Closing of Non-Brokered Private Placement Flow-Through Common Shares

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces further to its news release of July 21, that it has closed the non-brokered private placement of flow-through common shares in the capital of the Company (the "F-T Shares") at $0.08 per F-T Share (the "Offering") by the issuance of 4,000,000 F-T Shares for gross proceeds of $320,000.

In connection with the closing of the Offering, the Company has paid cash finders' fees of $19,200.00, being 6 % of the aggregate proceeds from the sale of the F-T Shares to purchasers introduced by the finders and issued 240,000 non-transferable share purchase warrants (the "Finder's Warrants"), being 6 % of the number of F-T Shares sold under the Offering to purchasers introduced by the finders. Each Finder's Warrant entitles the holder thereof to purchase one common share in the capital of the Company (a "Share") at a price of $0.08 per Share until July 27, 2024. The securities issued under the Offering are subject to a four month and a day hold period ending on November 28, 2022.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
1844 Announces Changes to Short Form Prospectus Offering and Private Placement of Flow-Through Common Shares

1844 Announces Changes to Short Form Prospectus Offering and Private Placement of Flow-Through Common Shares

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces that due to current market conditions the Company has changed the size of and repriced its short form prospectus offering (the "Offering") previously announced on May 4, 2022, from 15,625,000 common shares ("Common Shares") at a price of $0.08 per Common Share to 15,000,000 Common Shares at a price of $0.05 per Common Share. Closing of the Offering remains subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. The net proceeds of the Offering will be used for on-going exploration expenditures on the Company's properties and general corporate purposes.

The Company will also be undertaking a non-brokered private placement of 4,000,000 flow-through Common Shares (the "FT Shares") at a price of $0.08 per FT Share (the "Private Placement"). The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income TaxAct (Canada)) and will be sold on a charitable flow-through basis. The proceeds of the sale of the Private Placement will be used to fund "Canadian exploration expenses" (within the meaning of the Income Tax Act (Canada)) to be incurred by no later than December 31, 2023 for renunciation to investors in the Private Placement effective December 31, 2022.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
1844 Extends Its Position to 299 Claims on Native Copper Project

1844 Extends Its Position to 299 Claims on Native Copper Project

1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces that it has acquired the final four (4) claims required to complete its land position on it Native Copper Project on the Gaspe Peninsula of eastern Quebec. This addition now brings the total land position to 299 claims covering over 98 square kilometres and includes seven (9) known copper showings and high-grade drilling, trenching and grab sample assays for both coppers.

(Map of Native Copper Project complete with showings and LIDAR background)

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Stillwater Critical Minerals Provides an Update from the Stillwater West PGE-Ni-Cu-Co + Au Project, Montana, USA

Stillwater Critical Minerals Provides an Update from the Stillwater West PGE-Ni-Cu-Co + Au Project, Montana, USA

Stillwater Critical Minerals (formerly Group Ten Metals) (TSX.V:PGE)(OTCQB:PGEZF)(FSE:5D32) (the "Company" or "SWCM") is pleased to provide an update on its 100%-owned Stillwater West platinum group element, nickel, copper, cobalt, and gold ("PGE-Ni-Cu-Co + Au") project in Montana, USA, including exploration work now underway, and priority objectives for 2022

Stillwater Critical Minerals, Wednesday, August 17, 2022, Press release picture

Upcoming Events

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Getchell Gold Corp. Continues to Expand North Fork Discovery and Intersects Multiple Extensive Gold Intervals, Fondaway Canyon, NV

Getchell Gold Corp. Continues to Expand North Fork Discovery and Intersects Multiple Extensive Gold Intervals, Fondaway Canyon, NV

Vancouver, British Columbia Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) ("Getchell" or the "Company") is pleased to provide the results for drill hole FCG22-18 that targeted the high-grade North Fork zone at the Fondaway Canyon gold project in Nevada.

Key Highlights

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
FORMER WESTERN COPPER AND GOLD CHAIRMAN DALE CORMAN TO BE INDUCTED INTO THE CANADIAN MINING HALL OF FAME

FORMER WESTERN COPPER AND GOLD CHAIRMAN DALE CORMAN TO BE INDUCTED INTO THE CANADIAN MINING HALL OF FAME

WESTERN AND CORMAN TO FUND SCHOLARSHIPS FOR SCIENCE AND ENGINEERING RELATED TO MINING

Western Copper and Gold Corporation ("Western" or the "Company") (TSX: WRN) (NYSE American: WRN) is pleased to announce that F. Dale Corman the Company's founder and former Chaiman and CEO, will be inducted into the Canadian Mining Hall of Fame on August 18, 2022 . The Canadian Mining Hall of Fame celebrates individuals who make Canada's mining industry a global leader. It recognizes outstanding achievement in the mining industry and aims to inspire future generations in mining.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Canada Nickel Company Announces Assay Results and Confirms Discovery at Deloro Property

Canada Nickel Company Announces Assay Results and Confirms Discovery at Deloro Property

Highlights

  • Second significant discovery from newly acquired regional properties – Reid and Deloro .
  • Assay results at Deloro confirmed expected grades over entire core length of 487 metres of 0.25% nickel including 91 metres of 0.28% nickel.
  • Mineralization successfully defined over 1.1 kilometres of strike length by 100 – 400 metres wide to a depth of 420 metres.

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced assay results at its Deloro property, which confirm the second significant discovery from the Company's newly acquired properties.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Metal Energy Acquires 70% of the Manibridge Project, Gives Notice of Intent to Achieve 100% Ownership

Metal Energy Acquires 70% of the Manibridge Project, Gives Notice of Intent to Achieve 100% Ownership

Metal Energy Corp. ("the " Company " or " Metal Energy ") (TSXV: MERG) is pleased to announce the acquisition of 70% interest in the Manibridge project (" Manibridge " or the " Project ") effective August 16, 2022 . Metal Energy also announces it has elected to continue exploration to earn up to 100% interest in Manibridge and expects to complete this milestone in the near term.

"We were enthused about the recent results of Manibridge's Phase 1 drill program of intersecting wide high-grade nickel interceptions in every hole. These intersections and the visuals from Phase 2's drill core continue to affirm our belief that Manibridge has excellent redevelopment potential. We are very pleased to not only complete this milestone but do so well in advance of the original option agreement time frames," said James Sykes , CEO of Metal Energy.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Tartisan Nickel Corp.: Environmental Baseline Studies Enter Second Phase at the Kenbridge Nickel Project, Northwestern Ontario

Tartisan Nickel Corp.: Environmental Baseline Studies Enter Second Phase at the Kenbridge Nickel Project, Northwestern Ontario

Tartisan Nickel Corp. (CSE: TN) (OTCQX: TTSRF) (FSE: 8TA) ("Tartisan", or the "Company") is pleased to announce that the initial environmental baseline studies have concluded, and that "Phase 2" environmental baseline studies have commenced at the Kenbridge Nickel Project, Kenora Mining District, Northwestern Ontario.

Tartisan had previously announced that Knight Piesold Consulting ("KP") and Blue Heron Environmental ("BH") have been retained to carry out these various time sensitive environmental baseline studies (SEDAR). Environmental baseline studies are critical in the permitting and approvals process and overall advancement of the Kenbridge Nickel Project. The Company is taking the necessary steps to advance the Kenbridge Nickel Project with the goal of nickel-copper production in approximately three years.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×