1844 Resources Announces Extension of Option Agreement with Nickel North
1844 Resources Announces Extension of
Option Agreement with Nickel North
Saskatoon, Saskatchewan--(Newsfile Corp. - April 1, 2025) -
1844 RESOURCES Inc. (TSXV: EFF)
(the "
Company
" or "
1844
") wishes to provide an update on the previously announced option agreement
(the "
Option Agreement
") with Nickel North Exploration Corp. ("
Nickel North
") concerning the Hawk
Ridge nickel/copper project located in northeastern Quebec (the "
Hawk Ridge Project
").
Due to an unforeseen delay regarding the preparation of an updated geological report for the Hawk
Ridge Project, 1844 and Nickel North have entered into a second amending agreement (the "
Second
Amending Agreement
") with respect to the Option Agreement. Pursuant to the terms of the Second
Amending Agreement, the parties have agreed to extend the Outside Date (as defined in the Option
Agreement) from March 31, 2025 to April 30, 2025.
The remaining terms and conditions of the Option Agreement remain unchanged and the Option
Agreement, as amended, remains subject to the approval of the TSX Venture Exchange (the
"
Exchange
").
Additionally, the Company continues to pursue its previously announced non-brokered private placement
of units of the Company (each, a "
Unit
") at a price of $0.025 per Unit (the "
Unit Offering
") for aggregate
gross proceeds of up to $700,000. The Unit Offering is subject to approval by the Exchange.
None of the securities issued in the Unit Offering will be registered under the United States Securities
Act of 1933, as amended (the "
1933 Act
"), and none of them may be offered or sold in the United States
absent registration or an applicable exemption from the registration requirements of the 1933 Act. This
news release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any
sale of the securities in any state where such offer, solicitation, or sale would be unlawful.
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
FORWARD-LOOKING INFORMATION
This news release includes "forward-looking statements" and "forward-looking information" within the
meaning of Canadian securities legislation. All statements included in this news release, other than
statements of historical fact, are forward-looking statements including, without limitation, statements with
respect to the expected closings of the Unit Offering and the Option Agreement and the receipt of
regulatory approval, including approval by the Exchange. Forward-looking statements include
predictions, projections and forecasts and are often, but not always, identified by the use of words such
as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and
statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and
other similar expressions and includes the negatives thereof.
Forward-looking statements are based on a number of assumptions and estimates that, while
considered reasonable by management based on the business and markets in which the Company
operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks
and contingencies. These include assumptions regarding, among other things: general business and
economic conditions; the availability of additional exploration and mineral project financing; and
Exchange approval.
There can be no assurance that forward-looking statements will prove to be accurate and actual results,
and future events could differ materially from those anticipated in such statements. Important factors that
could cause actual results to differ materially from the Company's expectations include exploration or
other risks detailed from time to time in the filings made by the Company with securities regulators,
including those described under the heading "Risks and Uncertainties" in the Company's most recently
filed MD&A. The Company does not undertake to update or revise any forward-looking statements,
except in accordance with applicable law.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
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https://www.newsfilecorp.com/release/246882