04:08:18 EST Wed 21 Jan 2026
Enter Symbol
or Name
USA
CA



1844 Resources Inc
Symbol EFF
Shares Issued 115,786,809
Close 2026-01-20 C$ 0.02
Market Cap C$ 2,315,736
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1844 Resources closes first tranche of financing

2026-01-20 21:18 ET - News Release

Mr. Sylvain Laberge reports

1844 RESOURCES ANNOUNCES INITIAL CLOSING OF STRATEGIC FINANCING ROUND

1844 Resources Inc. has successfully completed the initial closing of its previously announced non-brokered private placement, representing an important step in the company's recapitalization strategy.

The company has issued 13,696,000 units at 1.5 cents for total gross proceeds of $205,440. Each unit consists of one common share and one common share purchase warrant, exercisable at five cents for a period of 24 months following the closing date.

"This first tranche strengthens our financial position and provides added flexibility to advance our exploration at our flagship Vortex project in the Gaspe Peninsula, Quebec," said Sylvain Laberge, president and chief executive officer of 1844. "We appreciate the support of our early investors and remain focused on long-term value creation."

As part of the closing, the company paid finders' fees totalling $2,362.50, representing 7 per cent of the gross proceeds raised through certain finders. All securities issued are subject to a statutory hold period expiring May 21, 2026.

Certain insiders of the company subscribed to the unit offering for an aggregate of 1,470,000 units. Such issuance of units to the insiders constitutes a related party transactio", as such term is defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on an exemption from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to Section 5.5(a) and Section 5.7(1)(a) of MI 61-101, on the basis that the participation in the unit offering by the insiders does not exceed 25 per cent of the fair market value of the company's market capitalization. A material change report will be filed in connection with the participation of the insiders in the unit offering.

About 1844 Resources Inc.

1844 is a Canadian exploration company focused on unlocking the value of strategic and energy transition metals in the underexplored region of Gaspe, Que. With a dedicated leadership team and a forward-looking approach, 1844 aims to deliver long-term shareholder value through discovery and disciplined growth.

We seek Safe Harbor.

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