1844 Resources Inc ( (TSE:EFF) ) just unveiled an update.
1844 Resources Inc. has announced a non-brokered private placement of up to 30,000,000 units at $0.025 per unit, aiming to raise $750,000. The funds will be used for an initial option payment related to the Hawk Ridge nickel/copper project and for general working capital. The company has also extended its option agreement with Nickel North Exploration Corp., and updated its ongoing market-making agreement with Venture Liquidity Providers Inc. These strategic moves are expected to enhance the company’s financial position and operational capabilities in the exploration sector.
More about 1844 Resources Inc
1844 Resources Inc. is an exploration company focusing on strategic and energetic metals in underexplored regions such as Gaspé and Nunavik, Québec. The company aims to create shareholder value through the discovery of new deposits, supported by a dedicated management team.
YTD Price Performance: -16.67%
Average Trading Volume: 42,212
Technical Sentiment Signal: Buy
Current Market Cap: C$2.76M
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