12:44:32 EST Sat 07 Feb 2026
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
1844 Resources Inc
Symbol EFF
Shares Issued 129,482,809
Close 2026-02-06 C$ 0.03
Market Cap C$ 3,884,484
Recent Sedar+ Documents

1844 Resources closes $395,589 private placement

2026-02-06 16:38 ET - News Release

Mr. Sylvain Laberge reports

1844 RESOURCES ANNOUNCES FINAL CLOSING OF STRATEGIC FINANCING ROUND

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

The company has issued 12,676,633 units for total gross proceeds of $190,149.50 under the final tranche. 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.

The initial closing, combined with this final closing, has resulted in a total of 26,372,633 units issued, generating final gross proceeds of $395,589.50

"This final 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."

An insider of the company subscribed under the final tranche for 800,000 units. Such issuance of units to the insider constitutes a related party transaction, 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 insider in the final tranche.

As part of the closing of the final tranche, the company paid finders' fees totalling $420.00, representing 7 per cent of the gross proceeds raised through such finder.

All securities issued in connection with the final tranche are subject to a statutory hold period of four months plus a day ending on June 7, 2026, in accordance with applicable securities legislation and policies of the TSX Venture Exchange.

The company intends to use the net proceeds from the unit offering 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.

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.

© 2026 Canjex Publishing Ltd. All rights reserved.