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1844 Resources Will Pursue Its Strategic Financing to Advance Vortex/Sullipek Copper Project
Saskatoon, Saskatchewan--(Newsfile Corp. - December 24, 2025) - 1844 Resources Inc. (TSXV: EFF) (...
About this update from 1844 Resources Inc
[{"type":"text","content":"1844 Resources Will Pursue Its Strategic Financing to Advance Vortex/Sullipek Copper ProjectSaskatoon, Saskatchewan--(Newsfile Corp. - December 24, 2025) - 1844 Resources Inc. (TSXV: EFF) (the \"Company\" or \"1844\") announces that the Company will pursue its previously announced non-brokered private placement of up to 33,333,333 units (the \"Units\") at a price of $0.015 per Unit, for gross proceeds of up to $500,000 (the \"Offering\"). This Offering is a key milestone in the strategic revitalization of 1844's focus on the Gaspe copper belt in Quebec.Proceeds from the Offering will be used for general corporate purposes and to advance the Company's flagship Vortex/Sullipek copper project, strategically located adjacent to Osisko Metals' Gaspe Copper Mine development-site of Canada's former largest copper operation.Each Unit will consist of one common share in the capital of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder to purchase one additional Common Share (a \"Warrant Share\") at an exercise price of $0.05 per Warrant Share for a period of 24 months from the date of issuance. In connection with the Offering, the Company may pay a 7% cash finder's fee.\"This Offering is expected to enable us to execute the first major step in our renewed strategy at 1844,\" said Sylvain Laberge, President & CEO. \"We're building on the strong results from the 2012 discovery holes, and with permits already secured, we're advancing a targeted drill program that we believe can unlock the value of one of Quebec's most strategically located copper projects.\"All securities issued pursuant to the Offering will be subject to a statutory hold period of four months and one day from the closing date. Completion of the Offering is subject to several conditions, including receipt of all necessary regulatory approvals, including that of the TSX Venture Exchange (the \"TSXV\"). None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended (the \"1933 Act\"), and may not be offered or sold in the United States absent registration or an applicable exemption. This press release does not constitute an offer or solicitation to sell any securities in any jurisdiction where such offer or sale would be unlawful.The Offering ...