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1844 Resources Announces Extension of Option Agreement with Nickel North Exploration
Saskatoon, Saskatchewan--(Newsfile Corp. - March 3, 2025) - 1844 RESOURCES Inc. (TSXV: EFF) (the "Company" or "1844") wishes to provide an update on the previou
About this update from 1844 Resources Inc
[{"type":"text","content":" Saskatoon, Saskatchewan--(Newsfile Corp. - March 3, 2025) - 1844 RESOURCES Inc. (TSXV: EFF) (the \"Company\" or \"1844\") wishes to provide an update on the previously announced option agreement (the \"Option Agreement\") with Nickel North Exploration Corp. (\"Nickel North\") concerning the Hawk Ridge nickel/copper project located in northeastern Quebec (the \"Hawk Ridge Project\"). Due to an unforeseen delay regarding the preparation of an updated geological report for the Hawk Ridge Project, 1844 and Nickel North have entered into a second amending agreement (the \"Second Amending Agreement\") with respect to the Option Agreement. Pursuant to the terms of the Second Amending Agreement, the parties have agreed to extend the Outside Date (as defined in the Option Agreement) from February 28, 2025 to March 31, 2025. The remaining terms and conditions of the Option Agreement remain unchanged and the Option Agreement, as amended, remains subject to the approval of the TSX Venture Exchange (the \"Exchange\"). Additionally, the Company continues to pursue its previously announced non-brokered private placement of units of the Company (each, a \"Unit\") at a price of $0.025 per Unit (the \"Unit Offering\") for aggregate gross proceeds of up to $700,000. The Unit Offering is subject to approval by the Exchange. None of the securities issued in the Unit Offering 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 news 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. 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 LabergePresident and [email protected] FORWARD-LOOKING INFORMATION This news release includes \"forward-looking statements\" and \"forward-looking information\" w...