Mr. Sylvain Laberge reports
1844 RESOURCES STRENGTHENS GASPE COPPER FOOTPRINT - COMPLETES KEY CONSOLIDATION STEP AND ALL LEGACY OBLIGATIONS
1844 Resources Inc. has acquired an undivided 100-per-cent interest in two strategic mining claims in the Gaspe peninsula, Quebec, further consolidating its land position immediately adjacent to the flagship SV2 (Sullipek/Vortex/Vallieres) copper project.
Sylvain Laberge, president and chief executive officer, stated: "This acquisition is another deliberate step in our district-scale consolidation strategy. With drilling permits now secure, we are systematically tightening our hold on the same structural corridor that hosts Osisko Metals' Gaspe copper redevelopment. These claims close a previous gap and reinforce our belief that the Gaspe remains one of the most compelling large-scale copper districts in North America."
The claims were acquired from arm's-length third party vendors for $2,000 in cash and 200,000 common shares at a deemed price of 3.5 cents per share. The transaction is subject to final TSX Venture Exchange approval.
2021 obligations fully satisfied
The company has also issued the final 625,000 shares required under the 2021 mineral rights acquisition agreement, completing all obligations to those arm's length third party vendors.
These actions demonstrate 1844's commitment to disciplined growth and position the company to accelerate its coming work programs and technical releases in the coming weeks.
The shares issued in acquisition of the new mineral claims, along with those satisfying the 2021 mineral rights acquisition, are subject to a statutory hold period of four months plus a day ending on July 21, 2026, in accordance with the applicable securities legislation and policies of the exchange.
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 in Quebec. With a dedicated leadership team and a forward-looking approach, 1844 aims to deliver long-term shareholder value through discovery and disciplined growth.
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