1844 Resources Inc. Announces Extension of the Option Agreement with Nickel North and Clarifies Terms of the Market Maker Agreement
1844 Resources Inc. Announces Extension of
the Option Agreement with Nickel North and
Clarifies Terms of the Market Maker
Agreement
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2025) -
1844 Resources Inc
.
(TSXV: EFF)
("
1844
" or the "
Company
") announces an update regarding its option agreement (the "
Option
Agreement
") between Nickel North Exploration Corp. ("
Nickel North
") and 1844. Specifically, 1844
and Nickel North have agreed to extend the Outside Date (as defined in the Option Agreement) from
June 20, 2025, to July 31, 2025.
The Option Agreement 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 $750,000.
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.
Update on Market-Making Services Agreement
Further to the Company's news release dated May 1, 2025, regarding its market-making agreement (the
"
Market Making Agreement
") with Venture Liquidity Providers Inc. ("
VLP
"), the Company announces:
that it entered into the Market Making Agreement on July 28, 2020 (
see the Company's news
release dated July 29, 2020
)
. The market making service is undertaken by VLP through a
registered broker, W.D. Latimer Co. Ltd., in compliance with the applicable policies of the
Exchange. For its services,
the Company agreed to pay VLP a monthly fee of $5,000 CAD, plus applicable tax;
the Market Making Agreement was automatically renewed for successive 12-month terms and has
remained in effect continuously since its inception;
the Market Making Agreement can now be terminated at any time by either the Company or VLP;
1844 and VLP act at arm's length, and VLP has no present interest, directly or indirectly, in the
Company or its securities. The finances and the shares required for the market making service are
provided by W.D. Latimer. The fee paid by the Company to VLP is for services only; and
the Market Making Agreement remains subject to Exchange policies and approvals.
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 Unit Offering and the
Unit 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.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR
DISSEMINATION IN THE UNITED STATES
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https://www.newsfilecorp.com/release/256429