1844 Resources Inc. Announces a Corporate Update of the Option with Nickel North and Grant of Options to Board Members
1844 Resources Inc. Announces a Corporate
Update of the Option with Nickel North and
Grant of Options to Board Members
Saskatoon, Saskatchewan--(Newsfile Corp. - September 4, 2025) -
1844 Resources Inc.
(TSXV:
EFF)
("
1844
" or the "
Company
") The Company wishes to provide an update regarding its Option
Agreement with Nickel North. The Company and Nickel North Exploration Corp announces that the
Option Agreement dated December 10, 2024, has been terminated. Both companies have expressed
interest in continuing discussions and may begin negotiations toward a new Option Agreement.
The updated National Instrument 43-101 on the Hawkridge property has been filed with the TSX-V.
Grant of Stock Options
The Company has granted an aggregate of 1,000,000 stock options to its directors. Mr. Mathieu Olivier
and Mr. André Gauthier, who both joined the Board of Directors in 2024, have each been granted
500,000 options.
The options are exercisable at a price of $0.05 per share for a period of five (5) years from the date of
grant. They will vest one (1) year following the date of grant and remain subject to regulatory approval
and applicable policies.
The grant of options to certain directors and officers is a "related party transaction" under Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The
Company relied on the exemptions from the formal valuation and minority shareholder approval
requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related
party matters, as the Company is listed on the TSX Venture Exchange ("TSXV") and neither the fair
market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the
consideration for, the transaction, insofar as it involves the related parties, exceeded 25% of the
Company's market capitalization (as determined under MI 61-101).
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 Laberge
President and CEO
514.702.9841
Slaberge@1844 resources.com
FORWARD-LOOKING INFORMATION
Some of the statements contained in this press release are forward-looking statements and information
within the meaning of applicable securities laws. Forward-looking statements and information can be
identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain actions, events or results "may", "could",
"should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and
information are not historical facts and are subject to a number of risks and uncertainties beyond the
Company's control, including without limitation, obtaining regulatory approval for the Offering and the
Offering being fully subscribed. Actual results and developments are likely to differ, and may differ
materially, from those expressed or implied by the forward-looking statements contained in this news
release. Accordingly, readers should not place undue reliance on forward-looking statements. The
Company undertakes no obligation to update publicly or otherwise revise any forward-looking
statements, except as may be required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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